Middle East & North Africa

Egypt businessmen boycott US dollar

19 May 2023; MEMO: Multiple commercial sectors in Egypt yesterday launched a campaign to boycott the purchase of the US dollar from the black market after the exchange rate recently exceeded 41 Egyptian pounds as opposed to the official price of 30.90 Egyptian pounds in the Central Bank of Egypt to the, the news website Arabi21 reported.

Border market, transmission line projects added new chapter to Pak-Iran ties: PM

PAK-IRAN BORDER, May 18 (APP): Prime Minister Shehbaz Sharif on Thursday said that the inauguration of Mand-Pishin border market and 100 megawatt power Gabd-Polan power transmission line added a new chapter to Pakistan-Iran relationship.

The prime minister, who along with Iranian President Ebrahim Raisi inaugurated the Gabd-Polan transmission line told the ceremony that the project would benefit the people of Gwadar and bring in the socio-economic development.

Iran, Russia Signed 10 Oil Cooperation Deals

TEHRAN, May 18 (NNN-IRNA) – Iran and Russia yesterday signed 10 documents for cooperation in the oil industry, in the Iranian capital, Tehran, according to Shana News Agency, affiliated to the Iranian Oil Ministry.

The deals were signed, following a meeting between Iranian Oil Minister, Javad Owji and Russian Deputy Prime Minister, Alexander Novak, also the co-chairs of the Permanent Russian-Iranian Commission on Trade and Economic Cooperation.

Analysis: Qatar takes diplomatic back seat as Saudi flexes political muscle

DOHA, May 18 (Reuters) - The Arab League's welcoming back of Syria's President Bashar al-Assad into its ranks highlights how far behind Qatar has fallen in its bid to be a diplomatic voice that carries weight in the Middle East.

Earlier this month Qatar reluctantly withdrew its opposition to Saudi Arabia's initiative to readmit Syria. It made clear it opposed normalizing its own ties with Damascus but said it would not stand in the way of an Arab consensus.

Turkish candidate Kilicdaroglu hardens stance before runoff against Erdogan

ANKARA, Turkey (AP) — President Recep Tayyip Erdogan’s main challenger in Turkey’s presidential race shifted gear and adopted a more nationalist and hard-line stance on Thursday, vowing to send back millions of refugees if he is elected and rejecting any possibility of negotiating for peace with Kurdish militants.

Voters in Turkey will head back to the polls on May 28 for a runoff election after neither Erdogan nor his rival, Kemal Kilicdaroglu, won more than 50% of the votes in Sunday’s first round.

Russia and Iran sign rail deal for corridor intended to rival Suez Canal

17 May 2023; MEMO: Russian President, Vladimir Putin, and his Iranian counterpart, Ebrahim Raisi, on Wednesday oversaw, via video-link, the signing of a deal to finance and build an Iranian railway line as part of an embryonic international North–South Transport Corridor, Reuters reports.

Microalgae brought from Antarctica to be tested during Turkiye 1st manned space voyage

17 May 2023; MEMO: Microalgae, which was collected by Turkish scientists in Antarctica, will be tested during Turkiye's first manned space voyage, Anadolu News Agency reports.

The Turkish Space Agency (TUA) and the Scientific and Technological Research Council of Turkiye (TUBITAK) have announced that the microalgae experiments will be carried out in the 100th year of the Republic of Turkiye.

US says working to normalise Israeli-Saudi relations

17 May 2023; MEMO: US Ambassador to Israel, Thomas Nides, said the US administration is exerting efforts to normalise relations between Israel and Saudi Arabia, Anadolu News Agency reports.

In an interview to the Israeli i24 News channel, Nides said the Biden administration is working to expand the Abraham Accords between Israel and Arab countries.

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