Egyptian coal factory shuts down in lead-up to COP27

El-Nasr Company for Coke and Chemicals was liquidated recently, less than a year after another industry and steel company was closed down, as the Egyptian government seeks to abandon coal in its factories and rely more on clean energy.

Egypt

NEOM’s ambitious concept-to-project transition presents funding, feasibility challenges 

Robert Mogielnicki

Egypt invests Suez Canal revenues in three yacht ports

President Abdel Fattah al-Sisi announced that three yacht ports will be established from the revenues of the Suez Canal, in a bid to stimulate tourism to support the national economy.

Egypt

Lebanese fear more hardships after fuel subsidies are lifted

The Lebanese are expecting higher gasoline prices in light of the central bank’s decision to lift subsidies amid market chaos, dollar exchange fluctuations and devaluation of salaries in the Lebanese pound.

Lebanon

Food crisis looms over Tunisia

As food grows scarcer in Tunisia, more residents are growing upset at the government's inaction.

North Africa

GCC capital investment linked to global market volatility

Karen Young

In Washington, DC, reporting on regional energy

France’s TotalEnergies sells stake in Iraqi Kurdish oil field

The sale follows the Iraqi federal government pressuring international firms to pull out of the autonomous region, which has led to concern from the US State Department.

Iraq

Erdogan looks to Putin to ease foreign currency woes

An extraordinary uptick in capital flows of unknown origin to Turkey has left many wondering whether Russian money could be involved.

Turkey

Egyptian pound continues to lose value

Economists expect Egypt's central bank to loosen its grip on the exchange rate of the Egyptian pound in its meeting later this month, but the possible move is fraught with fears from a sharp rise in commodity prices.

Egypt

Iran strengthens ties to Central Asia with Uzbekistan deals

The two states pledged to cooperate on energy, transportation and more, including the strategic Chabahar port.

Iran

Minister for the Future says 'Projects of the 50' aims to make UAE global hub

Ohood Khalfan Al Roumi, the UAE's minister of state for government development and the future, explains the Gulf state's strategic plans over the next half-century.

Legacy: Gulf

Israeli natural gas revenues boom

With a projected increase in output, Israel will have the opportunity to boost exports to Europe.

Israel