Economy and trade

Egypt boosts investment in Congo, hoping to secure support in Nile dam crisis

As Egypt seeks to grow its influence in Congo by boosting investments, Kinshasa takes over the chairmanship of the African Union, which is currently sponsoring the negotiations to resolve the dispute over the Grand Ethiopian Renaissance Dam.

Egypt

Despite coronavirus, Suez Canal records high revenues

Despite the negative repercussions of the outbreak of the coronavirus on global trade, the Suez Canal took in $5.61 billion in 2020, its third-highest total ever.

Egypt

Egyptian-Turkish trade agreement comes under fire

A member of the Egyptian parliament called for the need to reconsider the free trade agreement between Egypt and Turkey signed 15 years ago, claiming that it harms Egyptian interests and favors Turkish exporters.

Egypt

Egypt concerned UAE-Israeli pipeline project will affect Suez Canal

Egyptian officials have been expressing concern over the anticipated competition from the Eilat-Ashkelon pipeline project that would transport Emirati oil to Ashkelon in Israel and from there to European markets.

United Arab Emirates

Egypt seeks completion of pan-African road through 10 countries to Cape Town

Egypt plans to work with nine other countries to complete the construction of a highway linking the country’s north to Cape Town in South Africa by 2024, with hopes of expanding trade in the African continent.

Egypt

How car bombs are making their way into northern Syria

As local councils in northern Syria, which is under the control of Turkish-backed rebels, fail to make car dealers obtain licenses and register their offices, chaos prevails in the car market, as car bombs and explosions claim the lives of dozens of civilians.

Syria

Post-COVID Mideast economies look to the Gulf and Egypt

The region took a hard hit from the pandemic, and it’s far from over, but Egypt and Saudi Arabia are managing better than expected.

Regional

Lebanon's PM Diab condemns Tripoli protest violence

Protesters demanding an end to the lockdown set fire on Thursday night to several buildings in the impoverished city of Tripoli.

Lebanon

Nigerians stuck in Saudi Arabia are flown home

Foreigners working in Saudi Arabia and other Gulf countries have gotten stranded throughout the course of the COVID-19 pandemic.

Saudi Arabia

Hi-tech rivalry between Abu Dhabi and Riyadh heats up

Saudi Prince Mohammed bin Salman is sparing no effort to lure business from the IT and other sectors in Abu Dhabi to the kingdom.

Originals

Iraq's reform budget heads to parliament

Parliament is debating the 2021 budget, which is the first budget drafted based on the White Paper for economic reform.

Iraq

Egypt’s back on gold production map after loosening mining regulations

The gold industry in Egypt has recently witnessed a boom after the Egyptian government amended mining regulations to attract foreign investors, while President Abdel Fattah al-Sisi plans to build a jewelry-making city.

Originals