Why is Saudi Arabia investing $5 billion in Egypt?

Egypt’s cabinet announced last week that Saudi Arabia is set to invest $5 billion into its economy. For Egypt’s standing in financial markets, the implications were immediately positive, with sovereign bonds rallying to two-year highs. While the amount…

Egypt to increase Israeli gas imports by 20 percent

The Egyptian government has struck yet another deal with Israel to increase gas imports – this time by 20 percent – starting from October – to combat Egypt’s electricity crisis. This increase will see Egypt importing 1.2 billion cubic feet per day, up …

Auditors find EU support for organic farming ineffective

Some €12bn of EU money channeled to support organic farming since 2014 hasn’t helped increase production, a European Court of Auditors’ (ECA) audit revealed today (September 23). Lack of conditionality requiring farmers to produce organic products in r…