The global economy is bleeding due to wars in the Middle East

Wars in the Middle East and Houthi attacks affecting navigation in the Red Sea are likely to lead to an increase in oil prices. The World Bank also warns that the world economy will face a double shock in the energy sector if the war in the Middle East expands. Ahmad Abdel Rahman writes. The global economy has been greatly affected because of the o...
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Four measures explain Egypt's shift from a deficit in external financing to a surplus

Fitch, the international credit rating agency , says that Egyptian banks' foreign currency liquidity levels improved with the net foreign asset deficit decreasing to USD 2.8 billion, explains Ahmad Abdel Rahman. A recent report suggested that Egypt would achieve a surplus in external financing of about USD26.5 billion over the next four years, comp...
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Can Netanyahu overcome internal divisions?

The religious freedom law disturbs Likud and the Shas Party threatens to withdraw from the government as well as withdrawing its confidence in it. Meanwhile, the religious right movements seek to expand their influence at the expense of other parties . Ahmad Abdel Rahman writes about what is happening. The state of division from which Israeli ...
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Egypt announces a comprehensive plan to overcome its electricity crisis

The Egyptian president points out that the price of electricity would be double what citizens pay if the government did not bear much of the burden of this cost, writes Ahmad Abdel-Rahman. With the rise in temperatures over the past few days, many are questioning the plans by the Egyptian government to reduce electricity loads. At the opening of se...
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Elections impact President Biden's policy towards Israel

Critics of the US President, Joe Biden, accuse him of avoiding challenging Israel, supposedly the US's closest ally in the Middle East, to enhance his chances of winning the US election in November. This is even more important, given the Republicans' support for Israel. Indeed, Bi den's position would have been clearer had it not been for the upcom...
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Child labour in Egypt: poverty, loss, and other crises

The use of child labour is common in Egypt, writes Ahmad Abdel-Rahman. A number of investigations have come to the same conclusion.  Egyptians woke up on May 21 to the news that a minibus in which several farm girls were travelling had crashed while it was crossing a ferry, and most of the passengers (about 17 girls) had drowned. The fact...
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What does the death of Iran’s president mean for the Middle East and the world?

What will the sudden death of the Iranian president, Ibrahim Raisi, mean for the Middle East and beyond ? Ahmad Abdel-Rahman investigates. There are many unanswered questions about the circumstances surrounding the death of the Iranian President and his foreign minister: Why were the country's two most prominent politicians traveling on the same pl...
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Upcoming elections in the US will determine President Biden's policy towards Israel

Critics of the US President, Joe Biden, accuse him of avoiding challenging Israel, supposedly the US's closest ally in the Middle East, to enhance his chances of winning the US election in November. Ahmad Abdel-Rahman writes. In every American presidential election, there are many central issues around which the election campaigns revolve. Typicall...
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56 years for the UN World Food Programme in partnership with the Egyptian government

The UN World Food Programme works to support Egyptian efforts in the field of aid and nutrition and has supported 200,000 refugees in five years. It has also cooperated with other organisations to empower young people and women in Egypt . Our correspondent in Egypt, Ahmad Abdel-Rahman reports. The United Nations World Food Programme (WFP) in Egypt ...
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Can Israel continue its war on Gaza and attack Hezbollah at the same time?

How Israel engages in its war, and international pressures, will determine the future of the Middle East , reports Ahmed Abdel-Rahman.  With the continuation of the current threats to Israel from the northern front, the ongoing war in Gaza and its extension to Rafah in the south, the continuation of the Iranian-Israeli confrontations, and the ...
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Egypt reaps the effects of economic reforms

Fitch Ratings has amended its outlook for Egypt which is expected to enhance the inflow of foreign direct investment and resolve the currency crisis, writes Ahmad Abdel Rahman. Finance and economics experts confirmed that the decision of Fitch Ratings, an international credit rating agency to amend its outlook for Egypt is a testimony of confidence...
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Serious repercussions of Iran's attack against Israel on global energy security

Tehran's bombing of Tel Aviv is a direct threat to oil supply in the Middle East, writes Ahmad Abdul-Rahman. The Iranian attack on Israel on April 13, 2024, sparked international reactions that varied between condemnation and warnings against further escalation and destabilisation in the Middle East. There are expectations that this attack will aff...
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Is Egypt close to achieving financial balance after floating the pound?

Real GDP is expected to rise to 4.9 percent during the next fiscal year 2024-2025 from 3.5 percent this year, and Goldman Sachs expects Egypt to achieve a surplus of 3.5 percent in 2025 . Ahmad Abdel-Rahman explains. These figures were shown in a recent report by the US investment bank, Goldman Sachs. They were against the backdrop of the measures ...
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How events in Gaza impact the entire Middle East as well as the US

Ahmad Abdul-Rahman from Egypt writes that the US's position regarding current regional developments raises many questions and it may have lost much of its limited credibility in the region. It is not an exaggeration to say that the developments of the coming weeks will have important effects on the people of Gaza and on the stability of the Middle ...
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Egypt wants to stop the deteriorating situation in the Middle East

The Egyptian Center for Strategic Studies (ECSS) warned of the negative consequences of the Israeli war on Gaza and stressed that solving the Palestinian issue is the key to regional stability, writes Ahmad Abdel-Rahman. Egypt adopts a neutral stance towards the successive crises in the Middle East. Its approach is based primarily on stopping escal...
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The non-oil sector will lead economic growth in Saudi Arabia

Forecasts from Moody's Analytics suggest that the non-oil sector will grow in Saudi Arabia between 3 and 4 percent until 2030. Ahmad Abdel-Rahman explains. The global economy entered 2024 with significant uncertainty about future performance. The International Monetary Fund's (IMF) outlook in described it as "fragile", in its report issued las...
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The Middle East will be the world's largest hydrogen-producing region by 2040

​ Hydrogen is the fuel of the future, according to countries in the Middle East. Indeed, the largest clean energy production project in the world is in Saudi Arabia, and specialists believe that its strategic location serves it well, writes Ahmad Abdel-Rahman. ​ The Middle East is moving towards a faster and more important position on the global gr...
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Israel's economy shrinks by more than 19 per cent as a result of the war in Gaza

The Israeli economy is facing the heaviest losses in its history and a downgrade of the credit rating, writes Ahmad Abdel-Rahman. As the cost of the war in Gaza rises, the Israeli economy is facing the most severe losses in its history. Companies are facing heavy losses as production falters amid a record call-up of reservists. Recent data showed t...
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The main driver of economic growth in Egypt in 2022/2023 was the tourism sector

Egypt has been recovering from an economic slowdown and recent growth rates in several sectors show how the economy is performing. Ahmad Abdel-Rahman writes about what is happening. The tourism sector in Egypt in 22/23 had revenue of USD 13.6 billion with a growth rate of 28 per cent. The Suez Canal ranked second with a growth rate of 18.4 per cent...
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Biden's telephone ultimatum restricts Netanyahu's freedom of movement

The US President, Joe Biden, warned Israel of the consequences of not protecting civilians in the Gaza Strip and allowing humanitarian aid to arrive. If the Israeli Prime Minister, Benjamin Netanyahu, does not abide by US demands, "Washington will curb its support" for Tel Aviv . Ahmad Abdel-Rahman writes. In the last call between Joe Biden and Ben...
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