MENASource

EconSource: UAE to Supply Egypt With $1.6 Billion in Petroleum Products

By EconSource

The Abu Dhabi National Oil Company (ADNOC) has in principle agreed to send the Egyptian General Petroleum Corporation (EGPC) $1.6 billion worth of fuel and petroleum products for three months.

Egypt and Saudi Make a Public Show of Support

By Khaled Dawoud

Leaders of Cairo and Riyadh sought last week to downplay reports of alleged tensions on regional and domestic issues in the wake of the death of Saudi Arabia’s late King Abdullah eight months ago.

Top News: Assailants Fire Shots on US Consulate in Istanbul

Two assailants opened fire at the heavily protected US Consulate building in Istanbul on Monday, sparking a gunfight with police before fleeing the scene.

Top News: Morsi Says Will Abstain From Eating, Does Not Trust Prison Food

By EgyptSource

Former President Egypt Mohamed Morsi told a court on Saturday that he will abstain from eating as he cannot trust the food offered to him in prison state media reported.

EconSource: Saudi Arabia Issues Bonds in Effort to Raise Up to 20 Billion Riyals

By EconSource

Saudi Arabia on Monday sold bonds in Monday in tranches of five, seven, and ten years, opening its debt sale to commercial banks for the first time since it returned to the market last month to fill a budget gap caused by falling global oil prices.

A Critical Moment in North Africa

By Karim Mezran

The situation in North Africa has reached a critical point, demanding greater attention from policymakers in Western capitals and elsewhere. While the crisis in Syria and Iraq, the consequences of the Iran deal, and the Yemeni conundrum have garnered global consideration, critical signals of unrest and instability continue to emanate from the North African countries.

Top News: ISIS Kidnaps 230 Civilians in Central Syria

By MENASource

The Islamic State (ISIS or ISIL) abducted 230 civilians, including at least sixty Christians, in central Syria’s Qaryatain after capturing the town Wednesday night.

Top News: Rocket Shell Kills Sinai Senior Tribal Chief in his House

By EgyptSource

Eyewitnesses in al-Mahdeya village, south of Rafah City, North Sinai, have reported the killing of senior tribal chief of al-Sawarka Tribe Ahmed Hammad al-Meneai after an unidentified rocket shell fell on his house, Egypt Independent reported.

EconSource: Fitch Issues First Rating on Iraq’s Debt

By EconSource

Iraq has a stable outlook and a long-term foreign currency issuer default rating of B-, Fitch Ratings said in a statement on Friday.

What is the Best Case Scenario for Egypt’s New Suez Canal?

By Tarek Radwan

One cannot deny Egyptian President Abdel Fattah al-Sisi’s clear desire to reinvigorate Egypt’s economy after four years of steady weakening due largely to tumultuous political change and ongoing violence. One large project (among many mega projects Sisi has envisioned)—the “New” Suez Canal—has come to fruition two years ahead of schedule on presidential orders.