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☆ EU to Bolster Egypt Ties With Billions in Funding
▼ + stars: | 2024-03-16 | by ( March | At P.M. | ) www.usnews.com time to read: +4 min

The agreement is designed to enhance cooperation in areas including renewable energy, trade, and security while delivering grants, loans and other funding over the next three years to support Egypt's faltering economy. War in Israel and Gaza View All 222 ImagesInflation has been running close to record highs and many Egyptians say they struggle to get by. Of that, funding from the European Union is expected to total $5-6 billion, Finance Minister Mohamed Maait told Asharq Business. Egyptian officials say Egypt deserves recognition for hosting an estimated nine million foreign residents and largely shutting off irregular migration from its north coast since 2016. CROSSINGS VIA LIBYABut there has been a surge in Egyptians trying to cross to Europe via Libya, and the European Union is already providing funding aimed at reducing those flows.

Persons: Ursula von der, Mohamed Maait, Abdel Fattah al, Egypt's, Patrick Werr, Philip Blenkinsop, Renee Maltezou, Aidan Lewis, Nick Zieminski Organizations: IMF, Diplomats, Cypriot, European, Asharq Business, Rights Watch Locations: CAIRO, Egypt, Cairo, Israel, Gaza, Sudan, Qatar, United States, European Union, LIBYA, Europe, Libya, Crete, Gavdos, Bangladesh, Pakistan, Tunisia, Mauritania, U.S

CNN —Cristiano Ronaldo has come under scrutiny for a gesture he made towards fans following Al-Nassr’s 3-2 win against Al-Shabab in the Saudi Pro League on Sunday. In footage from the match, fans can be heard taunting Ronaldo by chanting about Lionel Messi, a long-time rival of the 39-year-old forward. The gesture is now being investigated by the Saudi Arabian Football Federation (SAFF), according to Saudi-owned media outlet Asharq Al Awsat, which cited unnamed sources. CNN has contacted Ronaldo’s representatives, the SAFF, Al-Nassr and Al-Shabab for further comment. It was Al-Nassr, however, which would have the final say as Talisca’s second goal deep into the match completed a 3-2 victory in an exciting encounter.

Persons: CNN — Cristiano Ronaldo, Ronaldo, Lionel Messi, Al Awsat, Nassr, –, Yannick Carrasco’s, Shabab, Carlos Júnior’s, “, Waleed Al, Farraj, Asharq Al Awsat, John Duerden, ” Organizations: CNN, Al, Saudi Pro League, Saudi Arabian Football Federation, Guardian Locations: Shabab, Saudi, Al, Riyadh, Hilal, Portuguese, Saudi Arabia

[1/2] Boeing Commercial Airplanes CEO Stanley Deal poses with Emirates airline COO Adel Al Redha and flyDubai CEO Ghaith Al Ghaith after Emirates airline and flyDubai placed orders at the Dubai Airshow for new aircraft from Boeing, in Dubai, United Arab Emirates, November 13, 2023. "Together these orders represent significant investments that reflect Dubai's commitment to the future of aviation," said Emirates and flyDubai Chairman Sheikh Ahmed bin Saeed Al Maktoum. In New York, Boeing shares rose 4.4% after the orders, which also included 45 narrow-body 737 MAX for German-Turkish airline SunExpress. LOWER BOOKINGSOther significant orders appeared to be in the works without being played out in public in Dubai. Saudi Arabia's newest airline Riyadh Air said it is still in talks with planemakers to place an order for narrow-body jets.

Persons: Stanley Deal, Adel Al Redha, Ghaith Al, Alexander, flyDubai, Sheikh Ahmed bin Saeed Al Maktoum, Joe Biden, Xi Jinping, Steven F, planemakers, Asharq, there's, Daniel Silke, Rafael, Tim Hepher, Alexander Cornwell, Pesha Magid, Valerie Insinna, Hugh Lawson, Lisa Shumaker, Navaratnam, Sharon Singleton Organizations: Boeing Commercial, Emirates, Dubai Airshow, Boeing, United Arab Emirates, REUTERS, Companies, Airbus, Turkish Airlines Airbus, Dubai, Aviation, SunExpress, Bloomberg, Industry, Air Lease Corp, Reuters, Turkish Airlines, Anadolu, Dubai . Saudi Arabia's, Riyadh Air, Saudia Airlines Group, Saudia Airline, Royal, Cape, Consultancy, rearm, Russia, Israel Aerospace Industries, IAI, Rafael Advanced Defense Systems, Thomson Locations: Ghaith Al Ghaith, Dubai, United Arab, DUBAI, Government, Emirates, New York, Turkish, UAE, Qatar, Saudi Arabia, Turkey, India, Gulf, Dubai . Saudi, Riyadh, Israel, Gaza, Cape Town, United States, rearm Ukraine

☆ Syria’s drug problem casts shadow over Assad’s rehabilitation
▼ + stars: | 2023-09-29 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +6 min

Jordan was one of the biggest proponents of its rehabilitation, being one of the main victims of Syria’s drug trade, but it feels now that the regime is either unwilling or unable to clamp down on the trade. He blamed the lack of progress on normalization with Arab nations on the incompetence of Arab politics. Gulf states and Jordan routinely report drug busts, with massive amounts of the drug found in everything from building panels to baklava shipments. Assad may not have found a powerful enough incentive to give up his lucrative drug trade. Arab states may now find themselves backed into a corner.

Persons: Bashar al, Assad, Ayman al, Assad’s, Jordan, “ Jordan, “ Bashar, al, Jordan …, disgruntlement, Hossam Zaki, “, ” Zaki, Emile Hokayem, it’s, ” Hokayem, isn’t, ”, he’d, ” Hellyer, Safadi Organizations: CNN, Jordanian, Arab League, Al, Awsat, International Institute for Strategic Studies, Sky News, Hellyer, Carnegie Endowment, International, United Arab Locations: Syrian, Syria, Jordan, Captagon, Saudi, Damascus, London, United Arab Emirates

☆ Media and entertainment companies are finding more investment from the Middle East, but it can come with controversy. Here are 11 of the most notable deals.
▼ + stars: | 2023-08-22 | by ( Lucia Moses | ) www.businessinsider.com time to read: +7 min

Insider broke down 11 top media companies with Middle Eastern backing or partnerships. Middle Eastern investment has poured into US media and entertainment, and US media companies have been eager recipients. Here's a rundown of 11 key Western media and entertainment companies, listed alphabetically, that have licensing and investment partnerships with Middle Eastern entities. Jimmy Finkelstein's news startup The Messenger has Middle Eastern funding via its acquisition of IMI-backed startup Grid, which is now shuttered. The North Road, Peter Chernin and Providence Equity's production roll-up, took a $150 million investment in January from the Qatar Investment Authority, Qatar's main investment vehicle, to support its expansion.

Persons: Peter Chernin, Jeff Zucker, Uber, Jamal Khashoggi's, Saudi Crown Prince Mohammed bin Salman, —, hasn't, Mohammed bin Salman, SRMG, Abu, Abu Dhabi's, Jimmy Finkelstein's, BeIn, Stone, Ian Orefice, WBD Organizations: Providence, North, IMI, ex, CNN, Public Investment Fund, Blackstone, Washington Post, Saudi Crown, Saudi, Guardian, Media, Bloomberg Media, Saudi Research, Media Group, Media Investments, CNN Business, Abu Dhabi Media Investment Corporation, Sky News Arabia, Business, Independent, SRMG, Miramax, BeIn, Paramount, Qatar Investment Authority, Penske Media Corporation, Billboard, Variety, Penske, Vox Media, New York, Billboard Arabia, RedBird Capital, Mideast, MBC Group, MBC, Fortress Investment Group, Investment, Warner Bros Locations: Saudi Arabia, Qatar, UAE, West, Saudi, Abu Dhabi, ViacomCBS, SRMG

☆ Top Saudi, Iranian diplomats to meet in China - official, media
▼ + stars: | 2023-04-05 | by ( ) www.reuters.com time to read: +2 min

The meeting between Prince Faisal bin Farhan Al Saud and his Iranian counterpart, Hossein Amirabdollahian, will be the first formal meeting between Saudi Arabia and Iran's most senior diplomats in more than seven years. 6 in Beijing as the deal was facilitated by China," a senior Iranian official told Reuters. Saudi Arabia cut ties with Iran in 2016 after its embassy in Tehran was stormed during a dispute between the two countries over Riyadh's execution of a Shi'ite Muslim cleric. The kingdom subsequently asked Iranian diplomats to leave within 48 hours while it evacuated its embassy staff from Teheran. The relationship had worsened since 2015, after Saudi Arabia and the United Arab Emirates intervened in the Yemen war, where the Iran-aligned Houthi movement ousted a Saudi-backed government and took over the capital Sanaa.

☆ Iran's behaviour will be under microscope in coming months, say Saudi columnists
▼ + stars: | 2023-03-12 | by ( ) www.reuters.com time to read: +3 min

RIYADH, March 12 (Reuters) - Saudi Arabia will watch Iran's behaviour during the two-month window agreed upon to restore relations, Saudi columnists said on Sunday, reflecting continued wariness in the longtime rivalry between the region's Sunni Muslim and Shi'ite powers. Gulf states have grown increasingly disillusioned with key ally and security guarantor the United States, including over global powers' 2015 nuclear pact with Iran which they deemed flawed for not tackling Iran's missile programme and proxies. "It is natural to have diplomatic ties even if at a low level because Iran's expansionist approach has created many touch points with Saudi Arabia....(But) we have to keep our eyes open," wrote Saudi columnist Tariq al-Homayed. The United States has voiced reservations about deepening ties between Gulf states and its economic rival China, whose president attended a Gulf summit in Riyadh last year at a time of severe strains in the strategic U.S.-Saudi relationship. Riyadh and Abu Dhabi have repeatedly said they are looking to diversify their strategic partners while pressing Washington for concrete commitments to regional security.

☆ UAE energy minister: OPEC+ faces oil market volatility in both supply and demand
▼ + stars: | 2023-01-14 | by ( ) www.reuters.com time to read: +1 min

CAIRO, Jan 14 (Reuters) - OPEC+ is facing "volatile prospects" in oil markets both in supply and demand, UAE energy minister Suhail al-Mazrouei told Asharq TV on Saturday. OPEC+ production capacity was down 3.7 mln bpd due to fewer investments in the oil sector, Al-Mazrouei said. He also said UAE is taking preemptive steps to compensate for the reduced oil production capacity in some countries by bringing forward its five million barrel per day oil production capacity expansion to 2027 from a previous target of 2030. Regarding gas, Al-Mazrouei told the Atlantic Council Global Energy Summit earlier that the world would need natural gas for a long time and more investment was required to ensure supply security and affordable prices during the global energy transition. Reporting by Ahmed Tolba and Yasmin Hussein, Editing by Angus MacSwan and Christina FincherOur Standards: The Thomson Reuters Trust Principles.

The meeting between the global economic powerhouse and Gulf energy giant comes as Saudi ties with Washington are strained by U.S. criticism of Riyadh's human rights record and Saudi support for oil output curbs before the November midterm elections. China, the world's biggest energy consumer, is a major trade partner of Gulf oil and gas producers. Saudi Arabia is its top oil supplier and state-run Saudi Aramco has annual supply deals with half a dozen Chinese refiners. While economic ties remain anchored by energy interests, bilateral ties have expanded under the Gulf's infrastructure and technology push, part of diversification plans that have gained importance as the world turns away from fossil fuels. Saudi Arabia and its Gulf allies have said they would continue to expand partnerships to serve economic and security interests, despite U.S. reservations about their ties with both Russia and China.

☆ Analysis: Saudi prince seeks Mideast leadership, independence with Xi's visit
▼ + stars: | 2022-12-04 | by ( Aziz El Yaakoubi | ) www.reuters.com time to read: +7 min

The Saudi government did not respond to requests for comment on Xi's visit and its agenda. It is China's top oil supplier, although fellow OPEC+ producer Russia has increased its Chinese market share with lower-priced fuel. The Chinese delegation is expected to sign dozens of agreements with Saudi Arabia and other Arab states covering energy, security and investments, diplomats have told Reuters. U.S. officials have declined to comment when asked about Saudi-China bilateral relations ahead of Xi's visit. "The relationships with China pale versus those with the United States in terms of both complexity and intimacy," he said.

SEOUL, Nov 17 (Reuters) - South Korean and Saudi Arabian leaders pledged stronger ties on Thursday in the fields of energy, defence industry and building projects, as the oil-rich kingdom signed investment agreements worth $30 billion with South Korean companies. "In particular, he said he would like to drastically strengthen cooperation with South Korea in the areas of defence industry, infrastructure and construction," Yoon's office said. Saudi-based Asharq TV quoted the kingdom's investment minister as saying deals signed on Thursday were worth $30 billion. "The (South Korean) government will actively support the successful implementation of cooperative projects which apply Korea's state-of-the-art architecture ... in NEOM," said South Korea's trade minister, Lee Chang-yang. Shares in Lotte Fine Chemical (004000.KS), which signed an agreement for chemical industry cooperation with the Saudi Ministry of Investment, rose 2.1%.

☆ O zonă a Ierusalimului ar putea fi capitală palestiniană
▼ + stars: | 2020-12-19 | by ( ) www.jurnal.md time to read: +4 min

La sfârşitul lunii noiembrie, Autoritatea Palestiniană a transmis echipei de tranziţie a lui Joseph Biden că vrea revenirea la negocierile internaţionale de pace pentru soluţionarea conflictului israelo-palestinian. Preşedintele SUA, Donald Trump, a anunţat în decembrie 2017 decizia controversată de a considera oraşul Ierusalim drept capitala Israelului şi, implicit, de a muta acolo ambasada SUA. Decizia lui Donald Trump a fost criticată dur de Autoritatea Palestiniană, de Liga Arabă, de numeroase ţări musulmane, de Adunarea Generală ONU, Uniunea Europeană şi Rusia. Israelul a anexat Ierusalimul de Est, dar marile puteri şi Naţiunile Unite nu recunosc suveranitatea israeliană asupra întregului oraş, subliniind că zonele trebuie negociate. Uniunea Europeană consideră Ierusalimul capitala comună a Israelului şi a viitorului stat palestinian.

Persons: Benny Gantz, Donald Trump, Maroc . Gantz, Benjamin Gantz, Gantz, Benjamin Netanyahu, Joseph Biden, Rusia . Organizations: Apărării, Autoritatea Palestiniană, palestinieni, SUA, Liga Arabă, Adunarea Generală ONU, Uniunea Europeană, Albă, Mediafax, Israelul Locations: israeliană, Londra, Emiratele Arabe Unite, Bahrain, Sudan, Maroc, Orientul Mijlociu, Siria, Liban, Israelului, palestiniană, israelian, Ierusalim, SUA, Rusia, Ierusalimului, Est, Ierusalimul, Statele Unite, Guatemala, Israel, Tel Aviv

☆ „Joe adormitul trezește...
▼ + stars: | 2020-11-08 | by ( ) www.realitatea.md time to read: +10 min

„Noi zori pentru America”, scrie ziarul britanic The Independent, evidenţiind reuşita lui Harris, prima femeie care accede la funcţia de vicepreşedinte al SUA. „Joe adormitul trezeşte America”, ironizează Sunday Times, o aluzie la porecla pe care i-a dat-o Donald Trump contracandidatului său democrat în timpul campaniei electorale. Joe Biden „pune capăt celor patru ani de guvernare haotică a lui Donald Trump”, adaugă ziarul citat. Joe Biden moşteneşte o povară grea, ca niciunul dintre predecesorii săi: trebuie să unească America”, a comentat cotidianul german de stânga, Süddeutsche Zeitung. „Joe Biden va trebui să găsească rapid răspunsuri la ameninţările care planează asupra economiei şi la pericolul acut al pandemiei.

Persons: democratului Joe Biden, Donald Trump, Kamala Harris, Harris, Joe adormitul, Joe Biden, Biden, Der Spiegel, Edel Rodriguez, Trump, Spiegel, Barbara Hans, Agenţia, francez Le Figaro, Philippe Gélie, Le, Biden ., saudit Okaz îşi, Hillary Clinton, El, magnatului Rupert Murdoch Organizations: Independent, Times, Sunday, Albă, Zeitung, Der, ABC, Japan Times, exerciţiu, Sydney, Herald, Daily, Daily News Locations: SUA, America, american, Statelor Unite, francez, Americi, suedez, Dagbladet, Orientul Mijlociu, Arabia Saudită, Emiratele Arabe Unite, Egiptul, Iranului, Iran, Israel, Israelului, Cairo, Sao Paulo, Regatul Unit, South Ayrshire

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