Oil pollution threatens Libyan oases

The populated areas near the oil fields in northeast Libya are suffering from pollution resulting from oil-related operations, in the absence of any action from authorities.

North Africa

Analysis

2022 in review: Saudi-China, Qatar-Germany deals cap Middle East's energy developments

Hydrogen power, oil price fluctuations and electric vehicles could feature prominently in the region in 2023.

By Adam Lucente

In New York City, reporting on regional news, militancy, climate change

Iraq's Central Bank moves to strengthen dinar against US dollar

The plan includes a measure to buy more Chinese yuan. Other states are also considering using the yuan more.

Iraq

Secondhand clothes offer Egyptians respite as inflation skyrockets

With living expenses rising and temperatures dropping and inflation surging to a five-year high of 18.7%, many Egyptians are looking to buy secondhand clothes at Wekalat al-Balah, Egypt's most famous used clothing market in the center of Cairo

Egypt

Egyptian official says Suez Canal 'not for sale' amid fears of foreign investment

The chairman of Egypt's Suez Canal Authority has responded after a parliamentary session discussing a private fund linked to the waterway sparked widespread criticism.

Egypt

Egypt raises interest rates to end 2022

Inflation continues to increase in Egypt and the Central Bank is uncertain about 2023.

Egypt

Turkey raises minimum wage, keeps interest rates unchanged

Inflation is running rampant in Turkey, but the president continues to stubbornly reject higher interest rates.

Turkey

Riyadh unlikely to unseat Dubai as regional financial hub

Samuel Wendel

In Washington, DC, reporting on regional business and tech

Abu Dhabi bank launches new sustainability program

Several Middle Eastern banks and funds are pursuing finance focused on green technology and the environment.

Legacy: Gulf

Saudi Arabia sends blue ammonia to South Korea

Saudi-South Korean energy and economic cooperation is increasing. Other Gulf states are also exploring blue ammonia, and the energy source has both benefits and downsides.

Legacy: Gulf

Report: Israel may start exporting gas to Cyprus via new pipeline

The comments from Cyprus’ energy minister come as Israel is eyeing more gas exports to Europe.

Israel

China emerges as lead funder for Egypt's new administrative city  

This month, President Xi reaffirmed China’s commitment to the project in a meeting with Egypt's president on the sidelines of a Saudi summit. But that commitment may be tested in the coming months as Egypt’s loans come due.

Egypt