investment

Turkey’s banks shy away from Erdogan’s ‘crazy’ canal – sources
Middle East

Turkey’s banks shy away from Erdogan’s ‘crazy’ canal – sources

Some of Turkey’s biggest banks are reluctant to finance President Tayyip Erdogan’s planned Istanbul canal due to environmental concerns and…
Sisi, Putin agree to resume full air traffic between Egypt and Russia
Egypt

Sisi, Putin agree to resume full air traffic between Egypt and Russia

President Abdel Fattah al-Sisi received on Friday morning a phone call from Russian President Vladimir Putin, during which the two…
Miners seek gold under the desert sands after Egypt changes rules
Egypt

Miners seek gold under the desert sands after Egypt changes rules

Mining companies awarded blocks in Egypt’s Eastern Desert are set to start exploring for gold under a legislative overhaul that…
EBRD president visits Cairo for key development meetings
Business

EBRD president visits Cairo for key development meetings

The European Bank for Reconstruction and Development (EBRD)’s President Odile Renaud-Basso began a visit to Egypt on Wednesday. In her…
Factbox: Saudi Arabia seeks to draw in foreign companies
Middle East

Factbox: Saudi Arabia seeks to draw in foreign companies

DUBAI (Reuters) – Saudi Arabia has been pushing foreign firms to invest in the kingdom and set up regional headquarters…
Politically correct? Bond market steers clear of judgment calls
Middle East

Politically correct? Bond market steers clear of judgment calls

LONDON (Reuters) – When Saudi journalist Jamal Khashoggi was killed in 2018, London-based hedge fund manager Dominic Armstrong bet investors…
Sudan officials, Saudi crown prince talk Red Sea investments
Middle East

Sudan officials, Saudi crown prince talk Red Sea investments

DUBAI, United Arab Emirates (AP) — Sudan’s prime minister and Saudi Arabia’s powerful crown prince met Wednesday to discuss Saudi…
Egypt’s Salah launches two UK-based real estate companies
Egypt

Egypt’s Salah launches two UK-based real estate companies

The UK newspaper Daily Star announced on Thursday that Egyptian footballer Mohamed Salah had recently founded two real estate companies…
Saudi Arabia to stop contracting with firms without local HQ
Middle East

Saudi Arabia to stop contracting with firms without local HQ

DUBAI, United Arab Emirates (AP) — Saudi Arabia announced on Monday that it plans to stop signing contracts with foreign…
Egypt readies to evacuate gov’t offices in Tahrir, future of compound uncertain
Business

Egypt readies to evacuate gov’t offices in Tahrir, future of compound uncertain

On Saturday, Egypt’s ministerial committee for developing and reutilizing downtown Cairo’s Tahrir compound previewed its plan of evacuating the compound,…
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