investment
Turkey’s banks shy away from Erdogan’s ‘crazy’ canal – sources
Middle East
April 27, 2021
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
April 23, 2021
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
April 23, 2021
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
April 21, 2021
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
March 29, 2021
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
March 23, 2021
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
March 10, 2021
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
March 1, 2021
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
February 16, 2021
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
January 31, 2021
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,…