middle-east - INTERNATIONAL AGENCY FOR JOURNALISM AND STRATEGIC STUDIES

Sudan crisis: Further fierce fighting as clashes spread

Fierce clashes have been reported across Sudan as fighting between rival armed factions continues to spread. ...

Arab League holds emergency meeting in Cairo over situation in Sudan

The meeting comes as fighting in the Sudanese capital raged into the early hours of Sunday after a day of deadly battles between the Army and the paramilitary Rapid Support Forces (RSF) that left at least 56 civilians dead and nearly 600 wounded. ...

IMF says yet to agree date with Egypt for programme review

Egypt and the International Monetary Fund have yet to agree on a date for the initial review under a $3 billion financial package signed in December, an IMF official said on Thursday, a sign the lender may be growing frustrated by Cairo's lack of reforms. ...

Egypt's exports to Greece jump over 200 percent YoY in January

The value of Egypt's exports to Greece increased to $228.5 million in January 2023, compared to $71 million in the same month last year. ...

Israel strikes Lebanon and Gaza after major rocket attack

The Israeli military has carried out air strikes on targets belonging to the Palestinian militant group Hamas in southern Lebanon and the Gaza Strip. ...

Ramadan and Passover raise tensions at Jerusalem holy site

As so often in the past, the latest scenes of violence at Jerusalem's most important holy site for Muslims and Jews are igniting widespread anger. ...

Egypt: Misr Cement increases cash dividends for 2022

The ordinary general meeting (OGM) of Misr Cement – Qena agreed to pay out a cash dividend of EGP 0.75 per share for 2022, instead of EGP 0.50 per share. ...

Egypt's net foreign assets drop by $1.3bln in February

Egypt's net foreign assets (NFAs) declined by 49.8 billion Egyptian pounds in February as pressure on the currency continued to build. ...

Parched Tunisia imposes water rationing

Tunisia announced tight restrictions on water usage, including rationing tap water, on Friday, as the drought-hit country braces for another baking summer. ...

Egypt to raise allocation for food subsidies by 20% in FY 2023/24 draft budget

The Egyptian government said on Wednesday that it will raise allocation for food subsidies by 20 percent and for petroleum products by 24 percent in its fiscal year 2023-2024 draft budget. ...

Jordan's AJIB agrees to buy Standard Chartered unit in kingdom

Arab Jordan Investment Bank has agreed to buy Standard Chartered's business in the kingdom after securing the approval of the Central Bank of Jordan. ...

Iraq halts Kurdish region oil exports through Turkey after winning arbitration

Iraq stopped 450,000 barrels per day of crude exports from the semi-autonomous Kurdistan region and northern Kirkuk fields on Saturday, an oil official told Reuters, after the country won a long-standing arbitration case against Turkey. ...

Egyptian firm Orascom Construction’s Q4 profit surges over 50% to $56m

Egypt’s Orascom Construction Co. saw a 50.4 percent year-on-year net profit increase in the fourth quarter of 2022, with a rise in construction operations helping the firm hit $55.8 million. ...

Erdogan tries to salvage economic credibility before Turkey's election

Former Turkish economy tsar Mehmet Simsek's refusal to return to politics has left President Tayyip Erdogan's ruling party scrambling to rebuild its economic credibility less than two months before landmark elections, insiders and analysts say. ...

World Bank and Egypt agree on $7bn framework

The World Bank's board has approved a new Country Partnership Framework for Egypt that provides the country with $7 billion in funds over the 2023 to 2027 fiscal years. ...

Iraq committed to complying with Opec+ output cuts, oil minister says

Iraq is committed to complying with its 220,000 barrels per day oil output cuts in line with the Opec+ policy to tighten global supply and support prices, the country's oil minister said. ...

Lebanon's Empty Schools Bode Long-term Damage From Crisis

On a recent school day, the Rene Mouawad High School in Beirut was empty, its classrooms dark, just like all of Lebanon's public schools have been for most of the past three months. Its striking teachers were protesting in front of the Education Ministry, not far away. ...