Turkey
Turkey digs into its gold to save the lira
Turkey’s central bank is reportedly exploring new ways to stabilize its currency as regional tensions linked to the conflict in Iran ripple through global markets.
Suez canal economic zone attracts numerous investors
1 min Mena Today
Chairman of the Suez Canal Economic Zone (SCZONE) Walid Gamal El-Din said that 127 projects worth around $2.8 billion were secured during the period between July 1, 2023 and March 21, 2024.
Walid Gamal El-Din © EPS
Chairman of the Suez Canal Economic Zone (SCZONE) Walid Gamal El-Din said that 127 projects worth around $2.8 billion were secured during the period between July 1, 2023 and March 21, 2024.
He added that 61 projects received final approvals, with a foreign investment rate of 49 percent, while 66 projects have been granted initial approval during the same period, with foreign investments accounting for 39% of the total.
The completion of these projects is expected to generate over 22,000 direct and indirect job opportunities, Gamal El-Din underlined, noting that from January 2024 to the present, 37 diverse projects have been contracted at an investment cost of $894 million.
The chairman unveiled these figures in a statement following a meeting with Egypt’s Prime Minister Mostafa Madbouly.
Related
Morocco
Moroccan contractor killed, five UAE soldiers wounded in Iranian attack on Bahrain
The United Arab Emirates' Defense Ministry confirmed Tuesday that a Moroccan national working as a contractor for the UAE was killed during what it described as "a routine mission », correcting earlier reports that suggested the victim was an Emirati soldier.
Jordan
Israel-Jordan cross-border industrial zone gains new momentum
A long-delayed economic initiative between Israel and Jordan is gaining renewed momentum, as both governments move to advance the “Jordan Gateway” project despite ongoing regional tensions.
Subscribe to our newsletter
