Israel’s energy minister talks Ukraine, global energy crisis in Paris

Leading efforts for Israel to join the International Energy Agency, Energy Minister Karin Elharar is in Paris discussing ways to confront the challenges of the current global crisis.

Israel

Israel, UAE to cooperate on clean hydroelectricity

Israeli companies are eager to cooperate with Emirati partners for the development of clean, cheap and low-energy hydrogen production.

Israel

Emirati and Turkish businesspeople discuss bilateral trade, investment

The meeting between the Abu Dhabi Chamber of Commerce and Turkey’s ULUSKON business federation occurred in the context of rapprochement between the United Arab Emirates and Turkey.

Turkey

Egypt institutes price controls for bread

Bread prices in Egypt have increased considerably since the Russian invasion of Ukraine. Egypt receives the majority of its wheat from the two Eastern European countries.

Egypt

Lebanese turn to cryptocurrency as economy tanks

Lebanon is bursting with crypto mining shops, traders and online mentors to fulfill the surging demand from people desperately looking to gain financial freedom and much-needed US dollars.

Lebanon

Turkish tourism sector scrambles to minimize fallout of Ukraine war

Bracing for a big loss of Russian and Ukrainian holidaymakers this summer, Turkey’s tourism industry is looking for replacements in Europe and the Middle East. But few are hopeful that the gap can be closed.

Turkey

Egypt raises interest rates for first time since 2017

Inflation and bread prices have risen significantly in Egypt recently, and Saudi Arabia and Qatar have also raised their rates.

Egypt

Analysis

'Hot money' singes Egypt’s economy

Although capital outflows are no surprise, devaluation looks imminent to mitigate pressure on the pound.

By Ahmed Elleithy

UAE continues to grow influence in Africa with Zimbabwe trade

The Emirates has expanded its presence on the African continent in recent years via infrastructure investments, military bases and more.

United Arab Emirates

Turkish minister’s pledge to foreign investors causes uproar at home

As foreign investments decline, Nureddin Nebati's promise to "take the bureaucracy down" raises concerns at home and abroad about evading the rule of law.

Turkey

Fitch downgrades Tunisia’s debt rating

The assessment from the leading credit agency is based on the Tunisian government’s high deficit and the political instability brought on by the president power grab last year, among other things.

Tunisia

Jihadi group raises prices in Syria’s Idlib as war rages in Ukraine

While some believe the Russian war on Ukraine has upped prices in northwest Syria, others accuse Hayat Tahrir al-Sham of exploiting the crisis to make gains.

Syria