Special to WorldTribune.com A Saudi businessman is prepared to invest $4 billion on a resort that would be a major shot in the arm for Egypt’s struggling tourism industry. The unnamed businessman is in talks with Egyptian authorities on building a resort in Egypt’s Red Sea region of Sharm el-Sheikh, Egyptian Tourism Minister Hisham Zaazou […]
Special to WorldTribune.com ABU DHABI — Saudi Arabia has reported a slight increase in natural gas reserves. The state-owned monopoly, Saudi Aramco, said reserves rose to 288 trillion cubic feet of gas in 2013. In 2012, Aramco reported 285 trillion cubic feet of gas ahead of offshore exploration in the Red Sea. In its annual […]
Special to WorldTribune.com LONDON — Iran has been deemed a leading player in Sudan’s weapons industry. A report by a major European think tank asserted that Iran was helping Sudan produce and export weapons. The Swiss-based Small Arms Survey said Teheran has become the second largest arms supplier to the Arab state. “Military ties between […]
Special to WorldTribune.com CAIRO — The Iranian Navy has again docked in Sudan. The Sudanese military has reported the arrival of two Iranian Navy ships. The Irnaian ships were said to have docked in Port of Sudan for refueling. “Sudanese civilians can visit and tour the Iranian ships during their stay,” Sudanese military spokesman Sawarmi […]
Special to WorldTribune.com WASHINGTON — Somali-based piracy has continued its decline. The United States and European Union have reported a drop in piracy operations both in the Red Sea and Arabian Sea in 2013. Officials said pirates, who still hold 49 hostages, failed to hijack any vessel off the coast of Somalia since May 2012. […]
Special to WorldTribune.com WASHINGTON — Israel, Jordan and the Palestinian Authority have signed an infrastructure agreement. Israel, Jordan and the PA signed an agreement to link the Red Sea and Dead Sea. The signing took place on Dec. 9 at the World Bank in Washington and stipulated the construction of a 180-kilometer water pipeline. “The […]
Special to WorldTribune.com CAIRO — Yemen’s oil pipeline continues to come under attack by tribes. On Nov. 29, opposition tribal fighters bombed Yemen’s main oil export pipeline. Sources said the attack again blocked the flow of oil to Yemen’s oil terminal at Ras Issa along the Red Sea. “Every time the tribes want more money […]
Special to WorldTribune.com CAIRO — Egypt has heightened security measures for U.S. Navy ships in the Suez Canal. Officials said the Egyptian military and security forces intensified measures to protect U.S. warships in the canal. The officials said the measures were imposed amid threats by Al Qaida-aligned and Muslim Brotherhood fighters around Suez. “The American […]
Special to WorldTribune.com By Yossef Bodansky, Senior Editor, Global Information System / Defense & Foreign Affairs The escalating fuel riots in Khartoum, and increasingly in other cities in Sudan, serve as a stark reminder of the inherent fragility and instability of the country. The riots were sparked by the spiraling prices of all fuel products […]
Special to WorldTribune.com CAIRO — Sudan has again threatened to block crude oil exports by neighboring South Sudan. Sudanese President Omar Bashir said he was prepared to shut the oil export pipeline from South Sudan. Bashir said South Sudan, despite a series of agreements, continued to aid rebels in Sudan’s Darfour and South Kordofan. “We […]