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Stories related to finance and economics.

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Cairo's underbridges on a path of transformation

Cairo's underbridges on a path of transformation

Egypt's capital, Cairo, is home to hundreds of bridges and bridge extensions scattered all over the metropolis. For long, under bridges were a place for the homeless, renegades and illicit activities but the scene is rapidly changing now as underbridges turn into cafes and social corners. 

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After Brexit, UK seeks trade deals with Gulf states

After Brexit, UK seeks trade deals with Gulf states

British International Trade Secretary, Liz Truss, says that the British government is looking at a possible trade deal with Gulf states starting with an investment tie-up with the UAE for an amount of £5 billion ($7.06bn). 
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EU celebrates Europe Day with a declaration outlining ambitious social agenda

EU celebrates Europe Day with a declaration outlining ambitious social agenda

This year, faced by the challenges of the pandemic and its social and economic consequences, European leaders meeting at an informal summit in Porto, hosted by the current Portuguese Presidency of the EU, focused on social issues, including on how to ensure an inclusive recovery, with education and skills at the heart of the EU's political action.
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EU puts new Investment Agreement with China on hold

EU puts new Investment Agreement with China on hold

The European Commission will stop efforts to approve the Comprehensive Agreement on Investment (CAI) between China and the European Union (EU). European Commissioner for Trade, Valdis Dombrovskis, said that approval for the CAI is complicated due to recent EU-China relations. 
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Commentary
Commentary: Mohammed bin Salman and his quest to reinterpret the relationship between state and religion  in Saudi Arabia

Commentary: Mohammed bin Salman and his quest to reinterpret the relationship between state and religion in Saudi Arabia

In a recent wide-ranging interview Saudi Arabia's Crown Prince, Mohammed bin Salman, appeared to be reinterpreting – if not exactly redefining – the relationship between state and religion in the Kingdom. This is highly dangerous and uncharted territory for a Saudi leader, but something that is absolutely necessary if the Kingdom is to reinvent itself as a modern progressive state, whilst respecting the religious foundations which are part of its legacy and legitimacy.