Egypt welcomes return of Qatari investments

As Qatari money flows back into Egypt, the question now is how these potentially game-changing foreign investments will be directed.

Egypt

Inflation storm worsens Turkey’s income distribution gap

Banks and big companies have benefited from Ankara’s controversial policy to keep interest rates low, while soaring inflation eats into the real income of the wage-earning masses.

Turkey

UAE reports slight growth of non-oil GDP

The United Arab Emirates is undergoing economic changes as it aims to reduce its dependency on oil.

United Arab Emirates

Turkish stock market hits record high

Turkey is experiencing major economic problems, but the Istanbul stock exchange continues to rise.

Turkey

Tunisian grocers offer chance to mitigate economic crisis

Small grocery shops are a lifeline for Tunisian communities and families and one entrepreneur sees them as agents of change to a cash-free economy.

North Africa

UAE tax authority announces whistleblower program

A major financial center in Dubai also recently launched a whistleblower mechanism as the Emirates seeks to improve financial transparency.

United Arab Emirates

Abu Dhabi bank withdraws offer to buy Egypt's EFG Hermes

The Russian invastion of Ukraine has promted a shift away from emerging markets worldwide.

Egypt

Egypt bans export of key staples to cushion blow of Ukraine war

To contain the repercussions of Russia’s invasion of Ukraine, Egypt banned for three months the export of wheat, flour, rice, pasta, oils and beans.

Egypt

Russia, Ukraine trade barbs over obstruction of wheat shipments to Egypt

As Egypt’s strategic wheat reserves continue to decline, Russia and Ukraine exchanged accusations over obstructing the movement of a ship loaded with wheat and bound for Egyptian ports.

Egypt

Egypt hopes Israeli tourists will make up losses from Ukraine war

At a time when Egypt’s tourism sector has suffered a setback due to the war in Ukraine, the first direct flight from Israel is set to land in Sharm el-Sheikh this month, which may boost the number of Israeli tourists in the Egyptian coastal resorts in the Sinai Peninsula.

Egypt

Gulf states give Egypt $22 billion to mitigate fallout from Ukraine war

Cairo has secured $22 billion from the United Arab Emirates, Qatar and Saudi Arabia to cover Egypt's current account deficit.

Egypt

Kuwait, Egypt explore railway to Sudan

The Kuwait Fund for Arab Economic Development has also started projects in Iraq and Yemen.

Sudan