Latest news with #regionalConflict
Bloomberg
12 hours ago
- Business
- Bloomberg
Qatar Weighs $3.5 Billion Tourism Deal on Egypt's North Coast
Qatar is in advanced talks to invest $3.5 billion in a tourism project on Egypt's Mediterranean coast, the latest potential Gulf backing for the North African nation's economy that's been roiled by regional conflict. The deal to develop land in one of Egypt's prime vacation areas may be signed by the end of 2025, according to people familiar with the matter. They didn't specify the exact location or size of the site, and asked not to be identified as the negotiations are private.
Bloomberg
2 days ago
- Politics
- Bloomberg
The Choices Facing Israel, Iran and the US
Conflict between Iran and Israel has been simmering for decades — but escalated rapidly in the last few days after Israel bombed key nuclear facilities in Iran. As world leaders convene for the G-7 in Canada this week — many are concerned about the prospect of continued fighting and a broader regional conflict. Today on the Big Take podcast, Golnar Motevalli, who covers Iran for Bloomberg, joins host Sarah Holder to discuss the on-the-ground reality in both countries, the choices facing their heads of state and what other world leaders might do to encourage a deescalation.
Bloomberg
4 days ago
- Business
- Bloomberg
Egypt's Pound, Stocks Take Blows From Worsening Mideast Conflict
Egypt's pound weakened and its stock market plunged the most in five years as the escalating conflict between Israel and Iran stoked fears of a wider regional war. The pound was trading at 50.74 per US dollar at Cairo's banks by 12:45 p.m. on Sunday, down from about 49.8 last week.
