Latest in Tag: saudi arabia Highlight
Latest in Tag: saudi arabia
Finalising procedures of $3bn loan in June: EGPC Chairman
Work is being finalised on the procedures of obtaining a $3bn loan from the Islamic Development Bank (IDB), allocated to the Egyptian General Petroleum Corporation (EGPC). The procedures for the loan are set to be completed by June, said Chairman of EGPC, Tarek El-Mulla, adding that the IDB loan will be issued due to a …

Gulf alliances: Regional states hedge their bets
By James M. Dorsey The current Saudi-led intervention in Yemen, designed to prevent Iranian-backed forces from gaining power, symbolises the Gulf’s new assertiveness. This is unfolding as the various Gulf states seek to hedge their bets with different strategies that complement rather than replace the regional US security umbrella. Qatar, this month, signed a military …

Legal restrictions behind absence of Egyptian developers in Saudi Arabia
Despite growing market, countless opportunities and housing shortage, Egyptian firms unable to break ground in Gulf state

Coalition airstrikes hit military and civilian targets, Houthis continue advance
Airstrikes reportedly resulted in many civilian casualties, hitting a factory and a refugee camp while calls by Yemeni government for ground offensive continue
Egypt to facilitate the return of Egyptians from Yemen
Egyptian Ambassador to Yemen left the country last Wednesday
Attack kills at least 15 in refugee camp in Yemen
Houthi leader blames Saudi airstrikes, claims casualties rank in hundreds

Saudi FM criticises Putin over Arab League letter
Russian letter on Arab politics to summit sparks Saudi condemnation
Air strikes on Yemen continue
Yemeni Foreign Minister states “very possible” need for ground forces, air strikes hit multiple targets including Sanaa airport

Joining military force ‘optional’: El-Araby
Arab military force will be formed under supervision of a high-level team of Chiefs-of-Staff from regional armed forces
No to war on Yemen: Socialist Popular Alliance Party
Egypt should shift focus to resolving its own economic crises, group says

Iran, GCC rift: Real threat for the Middle East?
With Iran and the GCC at loggerheads, though indirectly, on a variety of battlefields and the US and Russia respectively emerging as the top supporters, does this mean we are witnessing a Cold War revival in the Middle East?
At least 11 killed during first day of bombing Sanaa: HRW
Al-Houthi says he will form two committees to counter military intervention
Egyptian Islamists’ views differ on Yemeni conflict
Amid support from government-led Sunni institutions, movements warn of Egyptian military intervention, refuse “Iranian expansionist polices”

Egypt to back Saudi Arabia ‘politically and militarily’ in Yemen: Foreign ministry
Egypt says it is ready for aerial and naval participation with coalition against Houthis

United Arab Forces? A wish Al-Sisi may come to regret
After airstrikes by Arab nations hit their neighbours, can enough be sacrificed by regimes across the region for any kind of joint security?
Egypt concerned about widening rift between Saudi Arabia and Sweden
Assistant Secretary of State El-Nasr met Swedish Ambassador Sparre on Tuesday to tackle the issue

Secon signs 3 contracts to design new real estate projects
Projects will be built on 100 acres, with investments valued at EGP 2.5bn

CBE cuts margin to trade US dollar with local lenders
Step seen to further throttle waning black market
Egypt signs customs agreement with Saudi Arabia, await parliamentary approval: Abdel Aziz
Egypt signed a customs agreement in cooperation with Saudi Arabia, according to Magdy Abdel Aziz, Chairman of the Customs Authority, during a press conference, last Wednesday. The agreement, which was signed on Egypt’s behalf by the Customs Authority affiliated to the Ministry of Finance, is applicable for three years. It is expected the agreement will …

Saudi, US tourists major spenders in Egypt during 2014: Ministerial Economic Adviser
Ministry of Tourism hopes to raise sector expenditure in Q1 of 2015 to $85, increase tourist numbers to 1.2 million
Al-Sisi, Saudi Prince end summit satisfied, expectant of bilateral relations
Could policies towards the Brotherhood affect the strategic alliance?

UAE, Saudi Arabia, China among largest participants in Economic Summit
755 international companies attended Summit’s first day

Saudi Arabia, UAE, Kuwait strong backers of Egypt’s economy
Overview of Gulf aid to Egypt in the new era

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.

Saudi Arabia, Kuwait, UAE pledge $12bn to Egypt, Oman contributes $500m in Economic Summit
Gulf countries renew their support for Egypt
GAFI signs free trade zone agreement with Ajman Free Zone: Al-Hashemi
Ajman plans Egyptian free trade zone cooperation to support SMEs, economic growth

Germany’s arms exports to Egypt, Saudi Arabia and UAE raise harrowing questions
By Jonathan Moremi In a surprise move of transparency the German government has disclosed a list of all the arms exports from Germany since 2002. The socialist left party Die Linke had demanded to know what arm sales had received clearance by the governments of both the social democrat Gerhard Schröder and his successor Angela …

Saudi Arabia blocks Swedish FM from speech at Arab League in Cairo
Swedish government reports it as a response to criticism of Saudi’s rights record

German vice-chancellor tackles case of imprisoned blogger in KSA visit
German minister has to deal with critical topics of human rights, arms sales during GCC visit

27 Saudi chambers of commerce, 170 investors to attend Economic Summit: FEDCOC
Saudi Crown Prince Muqrin bin Abdullah and Saudi finance minister will attend the summit