Economy and trade

Egypt’s back on gold production map after loosening mining regulations

The gold industry in Egypt has recently witnessed a boom after the Egyptian government amended mining regulations to attract foreign investors, while President Abdel Fattah al-Sisi plans to build a jewelry-making city.

Azza Guergues | Economy and trade | Jan 26, 2021
al-monitor Workers manipulate mineral samples from a gold mine at Marsa Alam, in the Red Sea hills, Egypt, Sept. 14, 2006. Photo by Khaled Desouki/AFP via Getty Images.

Hi-tech rivalry between Abu Dhabi and Riyadh heats up

Saudi Prince Mohammed bin Salman is sparing no effort to lure business from the IT and other sectors in Abu Dhabi to the kingdom.

Sabena Siddiqui | Technology | Jan 25, 2021

How delays at Sudan’s largest port could actually boost trade with Egypt

Analysts expect the four-month suspension in Port Sudan to accelerate the launch of the Transit Trade Agreement between Egypt and Sudan and eventually bring economic and political benefits to Egypt.

David Awad | Economy and trade | Jan 18, 2021

Turkey’s ‘wealthless’ wealth fund a tangle of problems

Turkey’s sovereign wealth fund is under mounting criticism for being exempt from public auditing despite using major public assets in its transactions.

Mustafa Sonmez | Economy and trade | Jan 13, 2021

France scores big Iraqi construction project at Turkey's expense

A French company has beaten out a Turkish one for the Mosul airport project; political considerations along with economic concerns seem to have factored into Baghdad's decision.

Fehim Tastekin | Economy and trade | Jan 13, 2021