South Korea’s Samsung to help Saudi Public Investment Fund with construction projects

Saudi Aramco has also strengthened its ties to South Korean companies recently.

Legacy: Gulf

Cruise ship terminal opens in Jordan’s port of Aqaba

The agreement with Abu Dhabi’s AD Ports Group could help bolster Jordan’s tourism sector.

Jordan

Iran bolsters ties with China and Venezuela despite US sanctions

Iranian oil exports to China are on the rise, and the Islamic Republic’s relations with Venezuela are moving beyond energy matters, as the South American country recently received 1,000 vehicles from the Iranian automobile firm Saipa.

Iran

Algeria-Italy energy ties strengthen with emission reduction deal

Italy’s Eni and Algeria’s Sonatrach pledged to work together on carbon capture, green hydrogen and more during Prime Minister Giorgia Meloni’s official visit to Algeria. The North African country is exporting more gas to Europe in response to the Ukraine war.

North Africa

Oman continues economic reforms by listing drilling company on stock exchange

Oman’s fiscal performance has improved in the last year, and the country wants to produce more alternative forms of energy, such as hydrogen.

Legacy: Gulf

Middle East green finance to see further boost from COP28

PRO Trend Report: The Middle East's green finance space is growing rapidly, but it's still relatively small compared to the world's largest markets. The region is poised to become a bigger player ahead of COP28, though. (subscribers only, access with free trial)

OPEC Fund raises $1 billion via sustainability bond

Gulf states in the organization are showing increasing interest in funding projects related to the environment, renewable energy and green technology.

Legacy: Gulf

North African tourism hinges on stability in Europe and at home in 2023

PRO: Will tourism revenues make a comeback in North Africa in 2023? Here's what we're expecting. (access with one-week free trial)

Francisco Serrano

In Lisbon, reporting on North Africa business

Lebanon's currency hits an all-time low as gridlock continues

Lebanon's currency has set a new record low as the parliament failed yet again to elect a president.

Lebanon

Why Tunisian InstaDeep’s $682m exit may not mark Maghreb's turning point

While mega exits have historically upturned ecosystems across the world, Tunisia and the Maghreb region contain hurdles that make such shifts less likely.

North Africa

Al-Monitor/Premise poll: Majority in Egypt, Turkey and Tunisia on edge over food access

In an exclusive poll in five countries across the Middle East and North Africa, 68% majority of the population worried about their ability to access food.

By AL-MONITOR Staff

Egypt green-lights sweeping privatization strategy following IMF agreement

The plan defines the contours of the state’s future participation in the economy, including those activities it plans to exit, to increase the contribution of the private sector.

Egypt