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The skyline of Riyadh, Saudi Arabia, March 28, 2014, is seen at night in this aerial photograph from a helicopter. AFP PHOTO / Saul LOEB (Photo credit should read SAUL LOEB/AFP via Getty Images)

Saudi Arabia’s ambitions loom large over UAE’s business expat community 

Stock market brokers work at the Egyptian Stock Market in the capital Cairo on January 6, 2013. A top International Monetary Fund official will visit Egypt on January 7, for talks likely to focus on the $4.8 billion loan agreement frozen last month because of political unrest in the country. AFP PHOTO / KHALED DESOUKI (Photo credit should read KHALED DESOUKI/AFP via Getty Images)

Pound devaluation, IMF deal send Egypt’s stock market soaring

Riyadh, SAUDI ARABIA: A Saudi banker displays the new one hundred riyal banknote bearing the portrait of Saudi King Abdullah bin Abdul Aziz al-Saud at a bank in Riyadh, 05 June 2007. The banknotes featuring the king are the fifth issue released by the Saudi Arabian Monetary Agency (SAMA). AFP PHOTO/HASSAN AMMAR (Photo credit should read HASSAN AMMAR/AFP via Getty Images)

Gulf governments enjoy fiscal flexibility; must spend wisely over coming years

A Tunisian farmer harvests wheat on June 26, 2008 in the Mateur area near the northern Tunisian city of Bizerte. A two-day conference organized by the African Development Bank (BAD) opened on June 25, 2008 in Tunis to boost agriculture in light of the food crisis hitting Africa. Experts are to evaluate and analyze difficulties affecting the African agricultural sector in order to be more reactive to needs. AFP PHOTO FETHI BELAID (Photo credit should read FETHI BELAID/AFP via Getty Images)

Tunisia’s food crisis will worsen without an IMF deal

Participants attend a session of the Abu Dhabi Space Debate, a two-day conference organised by the UAE Space Agency for stakeholders of the space sector, in the Emirati capital, on December 5, 2022. (Photo by Mumen KHATIB / AFP) (Photo by MUMEN KHATIB/AFP via Getty Images)

From spaceports to startups, Gulf countries race to boost space sector

A tourist swims in a swimming pool at a hotel in Tunisia's resort town of Hammamet, about 66 kilometres south of the capital Tunis, on October 7, 2021. - The October sun warms the sands of Hammamet beach on the Tunisian coast, but the coronavirus pandemic still casts a shadow, and visitors are few on the ground. After two ruined seasons in a row, operators in Tunisia are licking their wounds and hoping the lifting of travel restrictions will spell better days. (Photo by ANIS MILI / AFP) (Photo by ANIS MILI/

North African tourism hinges on stability in Europe and at home in 2023

Representatives of OPEC member countries attend a press conference after the 45th Joint Ministerial Monitoring Committee and the 33rd OPEC and non-OPEC Ministerial Meeting in Vienna, Austria, on October 5, 2022. - The OPEC+ oil cartel meets for the first time face-to-face since Covid curbs were introduced in 2020. (Photo by VLADIMIR SIMICEK / AFP) (Photo by VLADIMIR SIMICEK/AFP via Getty Images)

Is OPEC+ losing influence over production and prices?

A picture taken on July 14, 2022, ahead of a visit by the United States' president to Saudi Arabia, shows hostesses in a car manufactured by US electric vehicle maker Lucid Group at the KSA Green Transition Journey exhibition in the Red Sea port of Jeddah. - A exhibiton offered a presentation on the Saudi Green Initiative, which also includes goals for tree-planting and reducing emissions. (Photo by Amer HILABI / AFP) (Photo by AMER HILABI/AFP via Getty Images)

Electric vehicle manufacturing competition revving up in Middle East

An Egyptrian flag is pictured on the shore of the Suez Canal in the northeastern city of Ismailiya, on May 27, 2021. - Talks about compensations with the owner of the container ship Ever Given, that blocked the Suez Canal at the end of March are "at a standstill", Ossama Rabie, the head of the Egyptian authority that runs the Suez Canal said in an interview with AFP. The blocking that lasted six days, cost Egypt between 12 and 15 million USD per day of closure, according to the Suez Canal Authority (SCA). (

Rising Suez Canal revenues to provide much-needed lifeline for Egypt in 2023

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