Economy and trade

Lapid’s greatest election challenge will be skyrocketing cost of living

Prime Minister Yair Lapid has only four months to show Israelis he can do something about the continuously-increasing cost of living and high housing prices.

Israel

Saudi fast food giant ready to challenge KFC in Egyptian market

The introduction of Saudi fast food chain Albaik to Egypt is part of the $7.7 billion investment package announced during the recent visit of Saudi Crown Prince Mohammed bin Salman to Cairo.

Saudi Arabia

Egypt’s growing fintech ecosystem transforms country’s finances

A population of over 100 million, young, largely unbanked, with a high penetration of internet and mobile subscriptions paves the way for innovation in Egypt's fintech sector.

Egypt

Abu Dhabi port operator acquires stake in Egyptian shipping firms

Gulf countries are interested in buying Egyptian assets as the country’s economy falters.

Egypt

Egyptian trade delegation visits Israel for first time in decade

Economic ties between Egypt and Israel seem to be on the right path amid growing cooperation in various fields.

Egypt

World Bank official: Lebanon, Yemen, Syria most food-insecure in region

Many states across the Middle East and North Africa meet the criteria for food insecurity, experts said at a US Institute of Peace event.

Syria

Saudis side with Egypt on Nile dam

Saudi Arabia has explicitly and officially voiced its support for Egypt in the Grand Ethiopian Renaissance Dam crisis.

Egypt

Outrageous prices keep Lebanese from swimming

Many Lebanese have been complaining about high entrance fees to swimming pools and water resorts amid low salaries due to the local currency depreciation.

Lebanon

UAE to increase exports to countries in West Africa

The Emirates is one of the biggest investors in Africa. Turkey, Qatar and Israel have significant interests on the African continent as well.

Legacy: Gulf

Imports up pressure on Morocco’s foreign reserves

Energy and food imports alongside a growing trade deficit put pressure on Morocco’s foreign currency reserves.

North Africa

Suez, Panama canals sign cooperation agreement to boost investments

The Suez and Panama canals’ economic zones seek to attract more investments through a cooperation agreement to exchange experiences and information.

Egypt

Egypt, Turkey hold firm on interest rates

Turkish President Recep Tayyip Erdogan is adamantly opposed to raising interest rates, but some observers expected Egypt to raise rates in line with Gulf banks and the US Federal Reserve.

Egypt