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  • Flurry of Deals as Crown Prince Mohammed bin Salman Visits Egypt
     

    After a unique military escort given by Egyptian fighter jets and a warm welcome from Egypt’s top leaders upon arrival, Saudi Arabia’s Crown Prince Mohammed bin Salman wasted little time in dealmaking with Egypt’s President Abdel Fattah El-Sisi. The two countries moved forward on several major agreements. Saudi Arabia and Egypt agreed to set up a $10 […]

     
  • Saudi Crown Prince Mohammed bin Salman Adds Egypt Leg to International Trip
     

    Saudi Arabia’s Crown Prince Mohammed bin Salman will begin a weeks long international tour with a three day visit to Egypt, according to a Reuters report citing confirmation from the office of Egypt’s president Abdel Fattah Al-Sisi. Egypt and Saudi Arabia have enjoyed strong ties since Al-Sisi took power and ousted the Muslim Brotherhood in 2013. […]

     
  • Transfer of Tiran and Sanafir Islands Approved by Egypt’s Parliament
     

    Egypt’s parliament has approved the transfer of two key islands in the Red Sea to Saudi Arabia, all but finalizing a deal to restore ownership of the islands to Saudi Arabia after more than half a century. The parliament, after “three days of rowdy and emotional debate” according to the New York Times, approved a […]

     
  • Halt in Saudi Oil Shipments to Egypt Latest Indication of Worsening Relations
     

    State-owned oil company Saudi Aramco halted shipments of oil products to Egypt indefinitely, the latest indication that Egypt-Saudi relations are worsening since a visit by Saudi Arabia’s King Salman to the country in March. Aramco informed the Egyptian General Petroleum Corp. in early October that it would halt supplies of refined oil products, forcing Egypt to […]

     
  • In Egypt, Saudi Arabia’s King Salman Reaffirms Commitment to Bi-Lateral Ties
     

    In what is being hailed as a landmark visit, Saudi Arabia’s King Salman arrived in Egypt to re-affirm Saudi-Egyptian ties and engage a critical regional ally on key foreign policy concerns. King Salman, who was also accompanied by Deputy Crown Prince Mohammed bin Salman and dozens of Saudi officials and leaders, including 14 ministers, was received […]

     
  • Saudi Arabia Extends Financial Support of Egypt, Despite Fiscal Strains at Home
     

    Saudi Arabia has extended its financial support of the Egyptian government to an added $8 billion in 5 years, along with energy concessions and other assistance, despite facing a budget crunch at home. The announcement followed a meeting between Deputy Crown Prince Muhammad Bin Salman, Second Deputy Premier and Minister of Defense, and Egyptian Prime […]

     
  • Sisi in Saudi Arabia as Kingdom Strengthens Diplomatic, Security Ties with Egypt
     

    Egypt’s President Abdel Fatteh el Sisi visited Saudi Arabia for talks with King Salman over the weekend as cooperation between the Kingdom of Saudi Arabia and Egypt on diplomatic and security challenges reaches a high point.  Sisi, whose rise to power was a defeat for the Muslim Brotherhood that has long been at odds with Saudi […]

     

MUST-READS

  • Minister of Commerce Chairs 18th Session of Saudi-Egyptian Joint Committee

    The 18th session of the Saudi-Egyptian Joint Committee concluded today in Riyadh, chaired by the Minister of Commerce and Chairman of the Board of Directors of the General Authority for Foreign Trade, Dr. Majid bin Abdullah Al-Qasabi, and the Egyptian Minister of Industry and Trade, Ahmed Samir. During the session, Dr. Al-Qasabi stressed the Kingdom of Saudi Arabia's keenness to strengthen trade relations with the Arab Republic of Egypt through the exchange of visits between the private sectors, holding trade exhibitions to promote opportunities and increase the Kingdom's exports to Egypt.

  • PIF Creates Saudi-Egyptian Investment Company

    The Public Investment Fund (PIF) of Saudi Arabia launched the Saudi-Egyptian Investment Company (SEIC). The Saudi-Egyptian Investment Company will target investments in Egypt in areas such as infrastructure, real estate development, healthcare, financial services, food and agriculture, manufacturing, and pharmaceutical, along with other investment opportunities. “In light of the economic growth in the region, SEIC will capitalize on lucrative investment opportunities within a number of promising Egyptian economic sectors, which will also support the expansion efforts of Saudi businesses and other PIF portfolio companies,” Deputy Governor and Head of MENA Investments at PIF Yazeed Alhumied said.

  • Firm bids low for Saudi-Egypt network contract

    The scheme comprises a 500 kilovolt (kV) transmission line extending 900km and passing through Saudi Arabia's Medina and Tabuk regions then on to Gulf of Aqaba. The overhead transmission line (OHTL) network is split into three lots extending 227.79km (Medina), 336.04km (Tabuk) and 335.96km (Gylf of Aqaba).

  • Saudi-Egyptian Cooperation on Excavation Project at Ramses III Site

    Former Egyptian Minister of Antiquities Dr. Zahi Hawass announced that excavation work will begin in November at the site of King Ramesses III in North Saudi Arabia, indicating that he will head an archaeological team to uncover facts concerning pharaohs in the kingdom, as well as the state of trade missions between the two countries over 3,000 years ago.

  • Saudi-Egypt
    Growing Saudi-Egyptian Ties Face Challenges of Economic Reforms

    Saudi Crown Prince Mohammed bin Salman’s November trip to Egypt highlighted the important regional alliance between Riyadh and Cairo, but collaboration over megaprojects may strain Riyadh’s fiscal capacity.

  • Tiran and Sanafir
    Sudan will ask UN to look into Saudi-Egypt border demarcation plans

    Sudan today announced its plans to officially notify the UN that it rejects an agreement between Egypt and Saudi Arabia which handed Riyadh two Red Sea islands.

  • Saudi-Egypt
    Saudi-Egypt electricity linkage project to launch in December

    “The Egyptian-Saudi linkage project will serve as a basic infrastructure for electricity trade between Arab countries to create a common market for power,” Desouki said. Costing $1.6 million, Egypt contributes $600 million to the project, while other funders include the Kuwait Fund for Arab Economic Development, Arab Fund for Economic and Social Development and the Islamic Development Bank.

  • Saudi-Egypt Power Grid
    8 major players to bid for Saudi-Egypt power grid deal

    Under this project, the switch stations in Egypt and Saudi Arabia will be linked by land cables, in addition to a submarine cable of 500 kV, which is to cross the Gulf of Aqaba at a length of 16km, according to Tradearabia news report.

  • Saudi-Egypt
    Commentary: Fateful decisions from Saudi-Egyptian summitry

    It is healthier for all that Egypt and Saudi Arabia work together for the common good, rather than compete with or fight one another to claim the mantle of Arab leadership that is now a historical memory.

  • Saudi-Egypt
    A Turbulent Time in Saudi-Egyptian Relations

    The failed attempts to mediate between Egypt and Saudi Arabia by several Gulf countries, including the United Arab Emirates, have confirmed the extent to which the two countries distrust one another.