Israel to export more gas to Egypt as cooperation grows

Israeli-Egyptian cooperation on gas matters has increased significantly in recent years, despite Egyptian criticism of Israeli policy towards the Palestinians.

Egypt

Turkey’s lira sinks further as currency protection scheme changes

Banks are upset with a Central Bank plan to move depositors’ savings out of accounts designed to protect the lira’s value.

Turkey

Saudi Arabia's SRMG invests in music streamer Anghami, Spotify’s Middle East rival

Beirut-founded Anghami is the most popular music streaming platform in the MENA region, with 120 million registered users, up from 75 million in 2021.

Saudi Arabia

Lebanon rolls out waste management project

For years, Lebanon's trash has been burned in open dumps, with dangerous environmental and health effects.

Lebanon

Energy exploration begins in Lebanon’s offshore field

Gas exploration plans in Lebanon’s Mediterranean waters have progressed since the country reached a maritime border deal with Israel last year.

Lebanon

Dubai airport surpasses pre-pandemic passenger traffic in first half of 2023

Dubai International Airport welcomed 41.6 million passengers in the first half of the year, which was “just over 100% compared to traffic recorded during the first six months of 2019,” stated the airport authority in a press release.

Legacy: Gulf

US shale giant to invest $1.4B in Egyptian fossil fuel projects

At the end of last year, Apache Corp's main interests in Egypt were in the Western Desert with 5.3 million gross acres in six separate concessions.

Egypt

Libya’s central bank reunifies after clashes in Tripoli

The reunification of the financial institution is a sign of progress and follows disputes over oil revenue distribution and violence in the capital, as Libya continues to grapple with the aftermath of the civil war.

North Africa

BRICS summit: which Middle East states could join powerful bloc?

China and Russia are seeking to expand the group and their global influence, and several MENA countries are in line to apply.

Saudi Arabia

Analysis

Saudi holdings of US Treasuries hit record low, signaling push to diversify from dollar

Saudi Arabia's stockpile of US Treasuries fell to $108.1 billion in June, the lowest point since December 2016.

By Salim A. Essaid

Analysis

Russia pushes North African trade area as Ukraine sanctions bite

Russia's influence across North Africa is varied, but regional countries could benefit from discounted Russian hydrocarbons, grain and fertilizer.

By Jack Dutton

In Bristol, reporting on regional business, climate change, AI, tech

Hungary inks deal for Qatari gas

Hungary and Qatar have signed a gas exportation deal as Europe diversifies its energy sources.

Qatar