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Egypt and Gulf security equations

By Khaled Okasha At the end of last week, a statement was issued by the King of Saudi Arabia announcing the Riyadh supplementary agreement, whose goal is to clear the air in the Gulf. He hoped that moving forward with the agreement would bring about cooperation, free of past disagreements. Just one day before this, …

Daily News Egypt

Gulf football diplomacy highlights regional divisions

By James M. Dorsey Wealthy Gulf states have invited Jordan and Morocco to compete in future Gulf Cups as part of a bid to strengthen their fragile six-nation Gulf Cooperation Council (GCC) at a time that they have at best papered over deep rifts within the group. The invitation follows an earlier stalled attempt to …

Daily News Egypt

Saudi and Egypt ‘at the core’ of Arab nation: Egypt Ambassador to KSA

President Abdel Fattah Al-Sisi conducted a one-day visit to close regional ally Saudi Arabia on Sunday, during which Egypt’s ambassador to Riyadh said the two countries would aim to address numerous shared challenges “facing the Arab and Muslim world”, according to state-owned Al-Ahram. Egyptian Ambassador Afifi Abdel Wahab said the relationship between Saudi Arabia and …

Adam Koppeser

Petroleum ministry proposes petrochemical projects worth $540m to UAE

Egypt has proposed three petrochemical projects to the UAE for a total investment of $540m, according to a senior official at the Ministry of Petroleum. The projects included establishing a factory to produce bio-ethanol from molasses, the output of which would reach 100,000 tonnes of molasses annually, with investment in the project totalling $250m. The …

Mohamed Adel

Mobile firm Viva Kuwait full-year profit jumps six-fold

Reuters – Viva Kuwait reported a more than six-fold rise in annual profit on Monday as the mobile telecommunications operator increased its customer base by a third. The Saudi Telecom Co (STC) affiliate made a net profit of KWD 24.25m ($86m) in 2013, up from KWD 3.87m a year earlier, according to its website. Viva, which competes with Zain and …

Daily News Egypt

Government considering forming Egyptian-Kuwaiti economic committee to settle disputes and increase investment

By Mohamed Ayyad The government is considering a proposal from Kuwaiti Ambassador to Cairo Salem Al-Zamanan to form an Egyptian-Kuwaiti economic committee to increase investments and settle outstanding disputes. This suggestion came yesterday during a morning meeting between Prime Minister Ibrahim Mehleb, the Kuwaiti ambassador to Cairo, and the Minister of Industry, Foreign Trade, and …

Daily News Egypt