Egypt, China expand climate cooperation ahead of COP27

As Egypt prepares to host the COP27 conference, it's getting help from China to transform Sharm el-Sheikh into a green city.

Egypt

Russia-Ukraine war leaves Hamas in financial crisis

The fragile Palestinian economy in the Gaza Strip has been largely affected by the Russian-Ukrainian war, which has caused price hikes and an increase in taxes.

Palestine

Egypt pins hopes on Russia-Ukraine grain agreement

Egypt, especially hit hard by the global food crisis resulting form the Russia-Ukraine war, is hoping for relief via the Black Sea Grain Initiative.

Egypt

Lavender ecotourism throws lifeline to rural Lebanese villages

As Lebanon experiences a tourism hike this summer, rural villages and attractions hope to draw tourists away from the capital with the help of ecotourism companies. A day spent discovering lavender in the south is one example.

Lebanon

Saudi Arabia’s NEOM project to bring huge investments to Egypt

Saudi Arabia Crown Prince Mohammed bin Salman said his country will invest in Sharm el-Sheikh as part of $500 billion NEOM project.

Egypt

Pets suffer amid Egypt's economic crisis

The Russian war on Ukraine has affected Egypt's economy in many ways and is now affecting Egyptians' ability to keep their pets at home.

Egypt

World Bank blames Lebanon for 'deliberate' economic crisis

The World Bank accused Lebanon’s elites of conducting “Ponzi finance” and deliberately pursuing harmful fiscal policies. Meanwhile, the Beirut port has caught fire again.

Lebanon

First Ukrainian grain shipment en route to Lebanon amidst food crisis

Ukraine claims a Syrian ship docked in Lebanon is carrying Ukrainian wheat and barley that was stolen by Russia and is being offering at a discount.

Lebanon

Turkey’s inflation hits almost 80% as Erdogan insists on low-rate policy

Despite a relative slowdown in July, Turkey’s consumer inflation appears on course to overshoot the central bank’s newly revised year-end forecast of 60.4%.

Turkey

OPEC+ agrees to small oil production increase

US President Joe Biden may have been hoping for a larger boost in production.

Legacy: Gulf

UAE laws clamp down on money laundering, terrorism financing

The Emirates recently sanctioned some financial institutions in the country.

United Arab Emirates

ESG investments gain momentum in Middle East

Many Middle Eastern investors consider sustainable assets attractive from an ethical perspective, though some ambiguity clouds their economic benefits.

Legacy: Gulf