Business Emerging Markets Features Headlines

Gulf states and Turkey reshape East Africa through billions in strategic investments

East Africa is experiencing a profound geopolitical shift as Gulf states and Turkey expand their influence through infrastructure, energy, and security investments totaling an estimated $75 billion, according to a new report by the Washington-based Africa Center for Strategic Studies. This influx is transforming the region’s political and economic landscape, particularly in fragile states like […]

Asia Features Headlines International

China deepens ties with South Africa, Saudi Arabia in pushback against U.S. tariff escalation

As tensions surge between the world’s two largest economies, China is ramping up its global diplomacy, holding strategic talks with Saudi Arabia and South Africa to counterbalance the United States’ sweeping new tariffs. China’s commerce minister Wang Wentao recently held virtual meetings with his counterparts in Saudi Arabia and South Africa, focusing on responses to […]

Editorials Features Headlines Opinions

UAE invitation to high-level aid conference in London sparks outrage from Sudan army gov’t

The United Kingdom’s decision to invite the United Arab Emirates (UAE) to an upcoming London conference on Sudan’s humanitarian crisis has drawn sharp criticism from Sudan’s army-aligned government. The conference, scheduled for 15 April, aims to address the escalating humanitarian crisis in Sudan, which has displaced millions and led to widespread famine. However, the absence […]

Africa Features Headlines International

Sudan’s military leader rules out pre-conflict reconciliation with paramilitary RSF

Any return to the pre-conflict status with the rival Rapid Support Forces (RSF) is off the table, Sudan’s Sovereign Council leader said during the country’s 69th independence anniversary, ruling out the paramilitary group’s reintegration into Sudanese society. Calling the RSF “murderers and criminals”, Al-Burhan blamed the militia for the widespread violence, starvation, and displacement faced […]

Business Egypt Features Finance Headlines

Kuwait extends $2 billion deposit to Egypt through 2025

On December 3, the Central Bank of Egypt (CBE) announced that Kuwait has agreed to extend a $2 billion deposit for an additional year. Originally set to mature in April 2024, the deposit will now mature in April 2025, according to the CBE’s latest external position report. This decision provides Egypt with crucial financial breathing […]

Asia Blogs Community Features Headlines International

G7’s final Biden-era meeting pushes for lasting Israel-Hezbollah ceasefire

Brokering a ceasefire in Gaza and Lebanon was high on the agenda of a Group of Seven (G7) foreign ministers’ meeting in the Italian city of Fiuggi on Monday (25 November). Signs emerged of progress on a cease-fire between Israel and Hezbollah as foreign ministers from the world’s leading industrialized nations met in Italy, with […]

Africa Asia Emerging Markets Finance Headlines International

Saudi Arabia pledges $41 bln investment in Africa over next decade

Saudi Arabia promised $41 billion worth of investments in Sub-Saharan Africa, Saudi finance minister Mohammed bin Abdullah Al-Jadaan said. The investments include a $1 billion development program for Africa, $5 billion for startups from the Saudi Development Fund over the next decade, and $10 billion in financing from the Saudi Export-Import Bank. Additionally, private sector […]

Asia Headlines International Morocco

Morocco, Saudi Arabia resolved to upgrade military & defense cooperation

Morocco and Saudi Arabia have both voiced their resolve to upgrade their cooperation in the defense and security fields and to explore new prospects for this cooperation. This came during the visit Chief of the General Staff of the Saudi Armed Forces First Lieutenant General Fayyad bin Hamed Al-Ruwaili is paying to Morocco October 28 […]

Asia Blogs Community Headlines International

Ethiopia set to repatriate some 70,000 nationals in ‘difficult situation’ from Saudi Arabia

Ethiopia has announced it is going to repatriate some 70,000 of its nationals who have been living in squalid conditions in Saudi Arabia, a third such program since 2018. The announcement was made last week in Addis Ababa, with the repatriation set to begin in early April, targeting some 70,000 “Ethiopians who are in a […]

Business Egypt Finance Headlines

Saudi, Qatari investors may follow UAE in ‘buying up’ Egypt’s coastline

Only days after the announced $35 billion deal with the UAE for the development of Ras al-Hekma on its Mediterranean coast, Egypt is reportedly also targeting investors from Qatar and Saudi Arabia offering them prime Red Sea coastal land in Ras al-Ghamila in South Sinai for sale as part of Cairo’s attempt to inject cash […]