Turkey's President Recep Tayyip Erdogan on Monday said he will visit Saudi Arabia next month, the Turkish leader's first since the 2018 murder of Riyadh critic Jamal Khashoggi in Istanbul. Rocky relations between Turkey and Saudi Arabia worsened significantly after the brutal killing of Khashoggi inside the Saudi consulate in...

The revenues rose by $720 million, or 12.8 percent, in 2021 compared to 2020 when they were $5.6 billion.

Egypt's Suez Canal Authority said the key waterway netted record revenues last year, despite the coronavirus pandemic and a six-day blockage by giant cargo ship the Ever Given. Connecting the Red Sea and the Mediterranean, the canal accounts for roughly 10 percent of global maritime trade and is a source...

As the startup ecosystem takes off in the MENA region, TRENDS helps experts deliver valuable advice for entrepreneurs.

Dana Gas has received a payment of $39 million (AED143 million) from the Egyptian Government in December, the company announced Wednesday. The payment reduced its receivables in Egypt to its lowest levels at below $30 million since commencing operations there in 2007, local media reports said. It complements a year...

The Arab Parliament has praised the results of the trilateral summit which was held on September 2 in Cairo between Egypt, Jordan, and Palestine. Saudi media reports said the meeting was attended by the foreign ministers and intelligence chiefs of Egypt and Jordan along with the minister of civil affairs...

Egypt is set to open what is billed as the world’s largest museum of Egyptian civilization near the iconic Giza Pyramids. The Grand Museum is spread across 117 acres with its inauguration delayed due to COVID-19 pandemic, and will now open in second half of 2022, said Mostafa Waziri, Secretary-General...

The year 2021 was, despite the dampened activity due to the Covid-19 pandemic, chock-full of landmark events.

In the Middle East, Saudi Arabia, Egypt, and the UAE account for nearly 80 percent of the overall ecommerce market.

What makes Dubai a tourist hub and an essential market for sustainable surfing is the region’s proximity to the sea? Okahina Wave's CEO Laurent Hequily has answers.

Abu Dhabi Development Holding Company (ADQ) has established a new office in Egypt to build on its commitment to investing in the country’s economic growth, media reports said. The opening of ADQ’s new office complements the $20 billion (AED 73 billion) strategic investment platform launched in 2019 between ADQ and...

Forbes Middle East also unveiled a ranking of the "Top 10 Construction Companies in MENA 2021".

Saudi Arabia’s Oversight and Anti-Corruption Authority and Egypt’s Administrative Control Authority have joined hands for international cooperation.

This is the first official visit by an Israeli prime minister to the UAE. It comes a year after the Abraham Accords were negotiated by Bennett's predecessor, Benjamin Netanyahu, who said the deals would offer Israel new regional allies.

Al Arabia also known Arabian Contracting Services Co., has set up a joint stock company in Egypt with United Media Services Company, marking its first partnership outside the kingdom.

Egypt has pledged support to Lebanon "at all levels" and stressed that it needs "political accord" to reawaken from the setbacks it has been experiencing and "for it to return to the beacon of the Arabs". Local media reports said that during his meeting with the visiting Lebanese Prime Minister...

Egypt's non-oil activity in the private sector shrank for a 12th month in November as inflation expectations rose, causing new business orders to fall by their fastest in a year, a survey said. Media reports said IHS Markit's Purchasing Managers' Index (PMI) came in at 48.7, below the 50.0 threshold...

Egypt will increase cotton gins capacity to 4.4 million kantars annually up from 1.5 million kantars, according to a government report.

Egypt has decided to levy a ten percent customs tax on the import of mobile phones in order to promote local industry.

The cup will run from Feb 3-12, featuring eight matches between the champions of the six continental confederations along with the top team in the host nation.

EFG Hermes, the first universal bank in Egypt and the leading investment bank in Frontier Emerging Markets (FEM), has launched an advanced version of its flagship “EFG Hermes One” trading platform.

The road is nearly 3 km (2 miles) long and named The Path of God in ancient Egyptian mythology.

AD Ports Group and Turkey’s Turkiye Varlik Fonu signed a strategic partnership agreement to collaborate on major investment opportunities for port development and operations besides coordinating efforts to examine other logistics-related investment projects within Turkey. Under the terms of the agreement, the two organizations will also collaborate in establishing a...

Egypt has edged out its Arab neighbors in natural gas exports and exported one million tons of liquefied natural gas during the third quarter of 2021.

United Arab Emirates’ National Oil Company (ENOC) has signed a three-year agreement with Royal Marine Services in Egypt to distribute its lubricants.

The fund invests in early stage FinTech and SaaS companies.

The second richest man in Egypt, Sawaris has said that the Egyptian government should act only as a regulator of the economic activities instead of being the owner.

The common complaint in Gaza is that the journey, often made on stuffy buses, is made deliberately more arduous and uncertain so that travel operators can profit more.

Egypt is helping Gaza rebuild after the last bout of fighting between Israel and the Hamas in May.

Qatar and Egypt have signed agreements to supply fuel and basic building materials for Gaza Strip, Qatar's Minister of State for Foreign Affairs Sultan bin Saad Al Muraikhi said. He said these cooperative efforts would contribute to improving living conditions in the occupied territory. Al Muraiikhi stressed the importance of...

The number of people out of work in Egypt grew 7.5 percent to 2.2 million in the third quarter of 2021, compared to 2.1 million in the second quarter of 2021.

An unemployment rate of more than 11 percent and the crisis impact on entrepreneurs and startups major concerns in the region, says IMF chief.

Haftar's announcement comes two days after the candidacy of Seif al-Islam Kadhafi -- the son of slain dictator Moamer Kadhafi -- who has been accused of war crimes by the International Criminal Court (ICC).

In oil exporting countries, the fiscal deficits in 2020 will be replaced by large surpluses in 2021 and 2022, mainly in GCC. If oil prices average US$ 81/b in 2022, fiscal balances in Saudi Arabia, the UAE, Qatar, Iraq, and Oman are projected to be higher than 3% of GDP.

Egypt President Abdel Fattah al-Sisi is building a new capital, whose construction costs are already under a microscope.

The airline said it served over 1.9 million passengers from its five hubs.

A multipurpose terminal in Safaga Port of Egypt will be developed and operated by AD Ports Group. Under an MoU signed with the Egyptian Group for Multipurpose Terminals, the commercial arm of the Egyptian Ministry of Transportation, AD Ports Group will explore investment opportunities and conduct feasibility and local market...

Egyptian Foreign Minister Sameh Shoukry and US Secretary of State Antony J. Blinken opened the U.S.-Egypt Strategic Dialogue, the first bilateral dialogue held since 2015.

The Middle East now accounts for more than 12.6 percent of the world’s luxury yachts as the services match the most renowned marinas across the globe. Dubai's foreign commerce in marine-related items, for example, increased by 30 percent in the first half of 2021, adding that Dubai has 17 marinas...

Gameya is a cooperative system that allows people to save and borrow money, and is popular in several parts of the world, including Africa and Latin America. Participants put an equal amount each month in a pot and take turns to collect the sum that has accumulated.

The investors include lead investors Vostok New Ventures and Endure Capital and participating investors JAM Fund (led by Tinder co-founder Justin Mateen), YC Continuity Fund, a large unnamed Saudi-based fund, Shorooq Partners, 4DX Ventures and logistics giant Flexport.

The UAE, Saudi Arabia, and Egypt have made some strong climate-action pledges at or before COP26.

LONDON: The United Kingdom will provide $68 million in funding to help the Middle East and North African countries' energy transition and development of green infrastructure, British Minister for the MENA region James Cleverly said. Cleverly made the announcement on the second day of the UN Climate Change Conference (COP26)...

The oil prices would average US$70 per barrel in 2021, Garbis Iradian, chief economist for MENA at IIF, tells TRENDS in an exclusive interview.

Cyprus hopes to boost its share of renewable energy to 23 percent by 2030 as part of its National Energy and Climate Plan.

Dubai ruler Sheikh Mohammad bin Rashid Al Maktoum met Egypt’s Prime Minister Mostafa Madbouly at Expo 2020 Dubai.

Russian tourists are finally returning to the Red Sea resort of Sharm el-Sheikh six years after a terrorist strike.

Eni of Italy has discovered three new oil and gas wells in Egypt, according to the Egyptian Ministry of Petroleum.

People in the UAE complain about Uber and Careem's high prices, which have been raised significantly in the last few months due to Expo 2020 and Dubai attracting many tourists.

The royal couple's November 16-19 visit will start in Jordan, a UK ally whose King Abdullah II has come under pressure over leaks about his offshore wealth and over an alleged coup plot. The tour comes after the heir to the UK throne visits Glasgow next week for the COP26...