Latest in Tag: gulf Highlight
Latest in Tag: gulf
EU unveils new aviation strategy as Gulf battle heats up
The EU executive has unveiled a new strategy aimed at making it a “leading player in international aviation”. The initiative comes amid fierce competition from Gulf airlines, which critics call ‘unfair’
$6bn Gulf FDIs not received yet
No timeframe provided for when the investments will be pumped
Egyptian pound devaluation has positive impact on tourism: Colliers official
Creation of Suez Canal is a catalyst to build a new tourism hub, and Ain Sokhna particularly in the immediate future, says Head of Hotels (MENA) at Colliers International
Saleh Kamel to invest up to EGP 30bn in Suez Canal Axis
Josoor Company will start investment after issuing Economic Zones of a Special Nature Law
Putin’s proxy war
President Putin turned 63 this week, but, as he savored his birthday cake, did the thought occur to him that he might have bitten off more than he could chew with his Syria strategy? Fiona Clark in Moscow investigates. Shortly after Russian warships fired 26 cruise missiles from the Caspian Sea into Syria, some 1,500 …
Egypt backs Russia, asserts itself against Saudi Arabia’s Syria strategy
Airstrikes come as Egypt’s relations with Russia improve, but support likely to remain rhetorical
8.2% increase in tourism during H1 of 2015
Tourists totaled 4.8m during the first six months of the year
Religious support for Qatari labour reforms puts Gulf states on the spot
A panel in Doha of religious scholars, officials of Qatar’s government-sponsored human rights committee, and international labour activists has called on Qatar to radically alter its controversial labour policies. The call serves to support Qatari government promises of labour reform in response to World Cup-related international criticism, and increases moral pressures on Gulf states …
US-Saudi alliance stays strong after Iran nuclear deal
Will the Iran nuclear deal strain ties between Saudi Arabia and the US? Hardly. The alliance between the world’s largest absolute monarchy and its oldest constitutional republic remains strong, Spencer Kimball reports. One is an officially Islamic nation ruled by the same family for 83 years, where religion dictates who drives (men) and what women …
Saddam Hussein, the Gulf War and the new Middle East
Iraq invaded Kuwait at the beginning of August 1990. The international community responded by launching a military operation. The conflict was quickly resolved, but it had a transformative effect on the Middle East.
Dozens face trial for planning ‘terrorist acts’ in United Arab Emirates
Authorities in the United Arab Emirates have ordered 41 people to stand trial on charges of setting up a terrorist group seeking to overthrow the government and establish an extremist state. The United Arab Emirates’ top prosecutor Salem Saeed Kubaish said in a statement Sunday that the suspects were part of a highly organized cell …
Egypt implements first office in UAE to revitalise tourism
New office will cooperate with airlines flying into Egypt to create direct flights to Sharm El-Sheikh, Red Sea and North Coast
Iran deal seen as a threat to Middle Eastern countries: Researchers
JCPOA’s “historic” deal was signed in Vienna to curb nuclear enrichment in Iran, lift economic ban
The Saudi cables: A campaign of securing influence over Egyptian media
Recently leaked cables from the Saudi FM reveal an orchestrated campaign of media influence
Al-Sisi and his government’s resume highlights
The new canal will be established to increase the Suez Canal’s capacity to 97 passing ships per day, up from the current rate of 49 per day.
A shrewd financial investor, Qatar boasts dismal return on investment in soft power
By James M. Dorsey Widely viewed as a shrewd financial investor, Qatar’s return on investment in soft power designed to position it as a progressive ally of world powers in the hope that they will come to the aid of the wealthy Gulf state in times of emergency is proving to be abysmal. Qatar has …
ABK acquires Piraeus-Egypt for $150m
Al Ahli Bank of Kuwait acquires 98.5% of Piraeus Bank – Egypt shares
Standard & Poor’s positive outlook on Egypt reflects well on investment: Economist
Agency raised Egypt’s economic outlook from stable to positive, affirming long- and short-term foreign and local currency sovereign credit ratings at ‘B-/B’
Connecting the dots of the Middle East: Restoring Egypt’s stature in the region
By Ramy Oraby A few days after the Arab League Summit in Egypt, Saudi Arabian long standing Foreign Minister Saud El-Faisal directly accused Iran of backing “Houthis militias and [Ali Abdallah] Saleh” to destabilise Yemen. A clear statement marking a new unprecedented level of the Saudi-Iranian confrontation that adds more fuel to already flaming domestic …
Kuwait finalises investment arm in Egypt
Holding company, announced in 2011 by Kuwait Investment Authority, hired Arab African International Bank as adviser
Egypt, Saudi Arabia prepare for grand military manoeuvre
Largest investing GCC country in Egypt announced ground operation would follow in Yemen, all coalition states obliged to take part
Iranian Arab football pitch emerges as flashpoint in Saudi-Iranian proxy war
By James M. Dorsey A football pitch in the Iranian city of Ahvaz, home to Iran’s Arab minority, has emerged as a flashpoint of anti-government protest, at a time of rising Arab-Iranian tensions over the status of Shi’a Muslim minorities in the Arab world, the crisis in Yemen, and the outlines of a multilateral agreement …
A review of Arab tourism in Egypt through 2014
Percentage of visiting Arab tourists does not surpass 20% at any given month in 2014
Al-Sisi, Saudi Prince end summit satisfied, expectant of bilateral relations
Could policies towards the Brotherhood affect the strategic alliance?
Egypt seeks strong relations with international communityÂ
Representatives from several countries, including the US, support Egypt’s fight against terrorism
The life of the generation born and raised in Gulf countries
This is why the 1980s generation has some very different memories than children living in Egypt now
4 Egyptian, GCC companies compete for Gamasha Gulf project: Economic Advisor
Four Egyptian and GCC companies are competing to acquire the Gamasha Gulf project in the Red Sea, according to Adela Ragab, Economic Advisor to the Minister of Tourism. Gamasha Gulf is one of the areas with the most investment opportunities for Egyptian and GCC investors, said Ragab, adding that the project’s land covers over 8m …
Summit important to prove GCC remains committed to Egypt: Expert
It is important for Gulf countries to keep good relations with the Egyptian government due to the “great threat” it can impose to GCC, says ECFR fellow Andrew HammondÂ
The Gulf: Close political ties, major investments in Egypt
The Emir of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, UAE President Sheikh Khalifa bin Zayed, and the King of Bahrain Sheikh Khalifa bin Hamad Al-Khalifa are all attending the summit in Sharm El-Sheikh, along with the rest of the Gulf delegations.
Economic Summit: Egypt’s economy in dire straits
The touchstone here is what comes after the conference, especially in the nature of companies that can invest in a country like Egypt, one that is on the brink of a political explosion