Energy, dams boost Egypt’s clout in Africa

Egypt has emerged as a regional energy power in recent years and is using its electricity and gas surpluses and experience in building dams to boost its foothold in Africa.

Egypt

Oil prices fall following Saudi-backed OPEC+ production cut

The decrease in production could be a message from Saudi Arabia to the US over the Iran nuclear deal.

Legacy: Gulf

Turkey’s inflation tops 80% as poverty deepens

Even though Turkey’s economy continued to expand in the second quarter, the share of payments to employees dropped to the lowest level since Erdogan’s party came to power two decades ago.

Turkey

Co-working draws Lebanese amid economic, power crises

Several businesses in Lebanon have started utilizing co-working spaces, allowing them to cope with crises by sharing ideas and skills as well as offices.

Lebanon

More hurdles could delay opening of Egypt’s new administrative capital

The resignations of two executives of the company managing the new administrative capital project in Cairo have raised questions about the project and its feasibility in light of the deteriorating economic situation in the country.

Egypt

Is dollarization best option for Lebanon’s collapsing economy?

In light of the continued collapse of the Lebanese currency, some are suggesting that the dollarization of the economy may be the best option to revive the country’s financial system.

Lebanon

Oman’s economy surges with higher oil prices, fiscal reform

The Omani economy is benefiting from both higher oil and gas revenues and the country’s fiscal policies and discipline.

By Hassan Jivraj

Israeli settlement intended for ultra-Orthodox draws new residents

After years of failure to attract ultra-Orthodox residents, the West Bank settlement of Emmanuel is starting to interest middle-class families.

Israel

Long-term transport growth bodes well for Middle East airlines, airports as competition intensifies

Afshin Molavi

Iran’s trade with Turkmenistan on pace to double this year

Iran is seeking more trade with its neighbors and other countries in Central Asia.

Iran

Egypt to issue bonds in China’s currency yuan

The US dollar may be losing its dominance in the Middle East to the yuan.

Egypt

Egypt looks further afield for wheat

Egypt recently bought 240,000 tons of wheat from Russia directly, as the government continues to work on plans to avert a food crisis and preserve local supplies.

Egypt