What future for Egypt’s new capital city?
Egypt's new capital is not a mirage in the desert anymore. But still. It's far from being completed. Forging new capitals from scratch ain't a new phenomenon: countries are used to build...
Debt restructuring is ‘absolutely not’ on the card
Introducing a restructured debt wasn’t an imminent
future in Lebanon, thought Goldman Sachs. However, the country has turned its
focus on investors’ recovery while financial crisis stands knocking at the
country’s door.
Oil sales will continue: Hassan Rouhani
Oil
sales will continue and Iran will break U.S. imposed sanctions, said
a defiant Iranian President Hassan Rouhani after the United States
reimposed sanctions on Iran’s vital energy
and banking sectors.
“America
wanted to...
Phosphate exports, a lifeline for the Syrian Regime
Phosphate imports by Greece from Syria could act as a lifeline to Syria. The country currently faces stringent international sanctions and is unable to fully benefit from its crude reserves. By importing the mineral,...
Turkey U.S. relations hit road bump following diplomatic spat
As per a source, the newly appointed deputy foreign ministry of Turkey, Sedat Onal, is set to lead a delegation to the United States in order to discuss tensions between the NATO allies.
Turkey-U.S. relations...
Egypt’s courting Australia to upgrade mining industry
Aussies most welcomed. Long-term projects are often initiated behind the scenes, and Egypt would like to go fast on upgrading mining industry. Two days ago, Egyptian petroleum minister Tarek El-Molla and Australian ambassador Neil...
Strait of Hormuz: Its strategic importance for sea-borne oil
The Strait of Hormuz, a strategic artery which links producers of crude oil from the Middle East to markets in the Asia Pacific region, Europe, North America and beyond, is of strategic importance to...
Libya: The economic potential of a failed state
The international community knows this: Libya is a model of a failed state. But a failed state with potential. Nine years since the start of the Arab Spring, which saw a wave...
Lebanon: The looming economic collapse
Basic medical facilities and emergency services won’t be able to face the crisis. It will be game over soon. "Doctors and nurses faced grave dangers as they battled in the frontlines against...
Lebanese banks playing pivotal role for economic stability
Lebanese banks are doing all that they can to pump in more dollars to the economy. In a move in that direction, customers willing to exchange hard currency into long term deposits for the...