Archives Economic development - Page 30 of 32 - New Eastern Outlook

Israel is a small country and is ranked 46^th in the world in terms of land area. Since Israel’s creation in 1948 at the tragic expense of the Palestinians, the state has been worried about its lack of strategic depth as well as its antagonistic Arab neighbors. Its internationally recognized borders leave it just 137 kms across its widest and 14 kms at its narrowest points. Moreover, Israel’s population is small and it relies on reservists as their on-ground combatants juxtaposed to Arab countries and their historically large standing armies. To make things worse, Israel’s…

The reopening of ambassadorial relations between Cairo and Ankara is simply one of Egypt’s new diplomatic orientation, President Abdel Fattah El-Sisi’s new course of constructing a multipolar world, which Russian President Vladimir Putin proposed and has actively promoted. Cairo has selected Amr Al-Hamami as its ambassador to Ankara ahead of the annual declaration on diplomatic appointments, which is generally made in late spring or early summer. At the same time, Ankara announced the selection of Salih Mutlu Şen as Turkey’s next ambassador to Egypt. According to the sources, the news permits both new appointments to work on…

Termed Saudi’s “new oil” industry, tourism ranks very high on Riyadh’s Vision 2030 strategic plan for the country’s economic transformation away from reliance on oil as the major source of revenue. According to the plan, the Saudis aim to raise about US$46 billion annually from tourism by the end of this decade, i.e., by 2030. Saudi’s goal and China’s contribution to world tourism seem to have a perfect synergy. Before Covid, 155 million Chinese tourists spent US$250 billion world-wide. With Saudi Arabia looking to attract tourism, China becomes a natural partner…