Economy

Against the background of consistent strengthening by Egypt of its role in the Arab world and and in the international arena, further coordination of policy between Egypt and Russia continues with the development of bilateral cooperation in various fields. Nikolai Patrushev, Secretary of the Security Council of Russia, held a meeting with colleagues from Egypt...

The energy crisis is perhaps the worst since 1973, when the Arab countries imposed an oil embargo, protesting against Western support for Israel in the Yom Kippur War. Combined with a pandemic, new strains, and a lockdown relapse threat, it is a deadly blow to economies and industries worldwide. Bloomberg sounds...

Multiple US interests continue to hinder the completion of Nord Stream 2 project and its uninterrupted supply of gas to Germany/Europe. For the US, Nord Stream project is, to a great extent, a tool to privatise European gas-markets for US gas supplies. While the Joe Biden administration was quick to waive sanctions on the project that...