Iran is waiting for “final approval” on a proposed framework agreement with Oman for shipping in the Strait of Hormuz, Iranian state media reported yesterday. Under the agreement, Iranian and Omani routes will remain in use temporarily before traffic is redirected through a central course, according to Iran’s semi-official Fars News Agency. Officials in Iran…
By Kath Hudson 31 Jul 2026 UK Active CEO, Cameron Saunders, has written an open letter to the UK’s new Prime Minister, Andy Burnham, congratulating him on his appointment and expressing a willingness to work with his government. There’s hope Burnham could be a gift for the sector, as he fully understands the importance…
Egyptian Prime Minister Mostafa Madbouly said on Monday that Chinese investments in Egypt exceeded $10bn, highlighting growing confidence among Chinese businesses in Egypt’s investment climate as the government reviewed new opportunities to deepen economic cooperation with Beijing. Madbouly made the remarks while chairing the third meeting of the Ministerial Committee for the China Unit, attended…
Egypt will launch a sovereign-led industrial investment fund to enhance manufacturing capabilities and boost exports, alongside a separate fund targeting private sector investments in Africa, Minister of Investment and Foreign Trade Mohamed Farid announced on Tuesday. During a meeting with Prime Minister Mostafa Madbouly, Farid outlined the proposed investment structure for the industrial fund, which…
Warnings from the Bank of International Settlements, even though written in dry economese, are worth heeding. It was the BIS, specifically Willam White and Claudio Borio, who identified dangerously elevated housing prices in many markets. Alan Greenspan pooh poohed their concerns. Better credentialed economist similarly dismissed White and Borio because all they had was empirical…
