The Israel-Gaza war and the US presidential election

The difficulties and complications of the Gaza ceasefire negotiations are not only related to the issues under negotiation but also to the internal political calculations of Israeli Prime Minister Benjamin Netanyahu. However,  these difficulties are also linked to the US elections that will be held in November, explains our Egyptian correspond...
Continue reading
  331 Hits
  0 Comments

Why did Khamenei allow the election of a reformist president?

This article by Egypt-based Ahmad Abdel-Rahman looks at the reasons for the election of the new Iranian president, Masoud Pezeshkian. The campaign of the new Iranian president, Masoud Pezeshkian, was based on re-engaging with the West to avoid sanctions and ease strict dress codes for women. Iran's elections in late June have also shown the divisio...
Continue reading
  441 Hits
  0 Comments

The Central Bank of Egypt turns back to profitability

The Central Bank of Egypt turns to profitability for the first time in seven years. Net foreign assets in banks rose 1.7 percent to USD 13.3 billion writes Ahmad Abdel-Rahman. The Central Bank of Egypt (CBE) turned to profitability in the past fiscal year, for the first time in seven years, recording profits of EGP22.834 billion, compared to losses...
Continue reading
  437 Hits
  0 Comments

Kamala Harris's stance on the Gaza war is full of words and no action

Kamala Harris's speeches do not live up to the level of action shown by the US presidency and were not convincing to Democrats who want to see an end to the aggression against the Palestinians, or at least see their country stop contributing to the Gaza massacre . Ahmad Abdel-Rahman reports from Egypt. The protests of thousands of American demonstr...
Continue reading
  355 Hits
  0 Comments

In the automotive industry, will Egypt and Algeria catch up with Morocco?

The Middle East and North Africa (MENA) region has strong growth potential for automotive companies, but Morocco has recorded progress that maintains its dominant position in this industry . Ahmad Abdel-Rahman writes. Morocco's name has become more prominent on the global map of automobile production, thanks to the stimulating investment environmen...
Continue reading
  432 Hits
  0 Comments

Has the zero-hour struck for Iranian revenge in response to the assassination of Ismail Haniyeh?

Iran has begun moving missile launch pads, and the Revolutionary Guards will close the airspace and conduct military exercises, according to American reports. The US Air Force will also deploy stealth aircraft in the region. Our correspondent in Egypt, Ahmad Abdel-Rahman, reports. In response to Israel's assassination of Ismail Haniyeh, head of the...
Continue reading
  268 Hits
  0 Comments

The ratings agency, Fitch, downgrades Israel's credit rating

Israel faces a downgrade of its credit rating by Fitch. Ahmed Abdel-Rahman explains how the country is handling the war with Hamas and its impact on the economy. As the financial burden of the war has mounted, Israel has come under increased scrutiny from ratings firms. Fitch downgraded Israel's credit rating to A from A+, with a negative outlook, ...
Continue reading
  265 Hits
  0 Comments

The Saudi economy exceeds USD1 trillion for the second year in a row

The non-oil sector in Saudi Arabia grew 4.4 percent in 2023 but real gross domestic product (GDP) declined by 0.8 percent, writes Ahmad Abdel-Rahman. Official data issued on March 10 by the Saudi General Authority for Statistics (GASTAT) showed Saudi Arabia's real GDP shrunk by 4.3 percent in the fourth quarter of 2023, with oil activity declining ...
Continue reading
  298 Hits
  0 Comments

Tehran's response to Tel Aviv over the killing of Ismail Haniyeh

All parties, Israel, Iran and Hezbollah in southern Lebanon, have raised a state of alert and emergency since the assassination of Hamas' chief negotiator, Ismail Haniyeh, in Tehran. Ahmad Abdel-Rahman writes about what is happening. There is anticipation of what Iran, Hezbollah and the Houthis might do in the face of the Israeli bombing of Gaza, a...
Continue reading
  308 Hits
  0 Comments

Egypt is Africa's top investment destination

Egypt continues to be Africa's top investment destination, accounting for 18.6 percent of the region's total investment, writes Ahmad Abdel-Rahman. Despite the series of crises besieging the Egyptian economy and the impact of the US dollar shortage and a lack of investment opportunities, the United Nations Conference on Trade and Development (UNCTA...
Continue reading
  434 Hits
  0 Comments

Egyptian banks' profits are expected to increase after the Egyptian pound floats against the dollar

A securities and bond trading company, HC Securities & Investment, does not expect interest rates to be lowered before the end of this year or the beginning of next. It is likely, therefore, that the banking sector will benefit from high treasury returns. Ahmad Abdel-Rahman writes. According to a recent report by HC Securities & Investment,...
Continue reading
  229 Hits
  0 Comments

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...
Continue reading
  299 Hits
  0 Comments

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...
Continue reading
  234 Hits
  0 Comments

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 ...
Continue reading
  346 Hits
  0 Comments

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...
Continue reading
  584 Hits
  0 Comments

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...
Continue reading
  476 Hits
  0 Comments

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...
Continue reading
  363 Hits
  0 Comments

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...
Continue reading
  392 Hits
  0 Comments

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...
Continue reading
  540 Hits
  0 Comments

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 ...
Continue reading
  436 Hits
  0 Comments