Egypt, Japan sign 12 investment deals as Cairo floats industrial zone plan

Egypt has been wooing foreign investment as it recovers from its worst financial downturn in over six decades.

Egypt

Serbia, Slovenia still buying Israeli arms despite embargo: What to know

The Elbit Systems deal with Serbia is one of the largest in the company’s history, second only to a $1.7 billion agreement to modernize the Hellenic Air Force’s training program in Greece.

Israel

Egypt to open four new free trade zones by end 2026: What to know

The zones will be in 10th of Ramadan City, New October City, New Borg El Arab City, and New El Alamein City.

Egypt

Syria, Saudi Arabia sign mutual investments deal: What to know

The deal came during a Saudi-Syrian meeting in Riyadh that was held in continuation of the Syrian-Saudi Investment Forum held in Damascus last month that saw the signing of 47 deals worth $6.4 billion.

Syria

Analysis

Egypt’s stocks boom 20% as global investors bet on economic turnaround

Powered by banking, tobacco and building companies, the North African country's EGX30 index has soared to new records in August.

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Diverging Gulf bets: PIF exits US tech stocks as Mubadala reshuffles portfolio

During a quarter in which US stocks began surging toward record highs, two of the Gulf's most influential investors took different approaches to the market.

United Arab Emirates

China expands auto investment in Egypt with $1B Suez tire plant

Egyptian Prime Minister Mostafa Madbouly said the project aligned with his country’s strategy to localize the automotive industry and manufacturing supply chains.

Egypt

Saudi Ferrari among $9.4M in cars seized during London 'supercar season'

Dozens of supercars were seized by London police last week during a popular time for the world's wealthy vehicle owners to tour the city.

Saudi Arabia

Norway's wealth fund vows to stay invested in Israel after selling shares in 11 firms

In a press conference on Tuesday, the fund said it had sold the stake in Bet Shemesh Engines Ltd, a group that provides services to the Israeli military, including the maintenance of fighter jets.

Israel

Analysis

As Trump plays Russia oil sanctions gambit, will Middle East profit or pay?

A potential US crackdown on Russian oil buyers could disrupt global trade flows — and the Middle East stands to both benefit and lose.

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Landmark $18.7B Santos-ADNOC takeover delayed: What to know

Santos said in a statement that the due diligence period, initially set for six weeks, has been extended until Aug. 22.

United Arab Emirates

$35B gas deal underscores Egypt’s energy reliance on Israel despite Gaza tensions

Israel and Egypt have finalized a $35 billion gas deal that will double Israeli gas exports by 2029, highlighting Cairo’s growing energy dependence on its neighbor, even as political tensions rise over Gaza.

Egypt