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UAE, Egypt & Saudi Arabia top investments in H1 2021

Startups in MENA attracted more than USD 1.2 billion in funding, a 64 percent YoY growth and a 12 percent increase from USD 1 billion raised in 2020. The UAE secured the largest share of transactions in the first half, Egypt was a close second with 24 percent of the share and USD 166 million in investment, followed by Saudi Arabia which stood at 21 percent and USD 168 million in investment. ....

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Iraq: King Abdullah and President El Sisi land for 'Levant Alliance' talks


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Iraq s President Barham Salih met Jordan s King Abdullah II and Egyptian President Abdel Fattah El Sisi in Baghdad on Sunday for talks to strengthen ties and co-operation between the three countries.
The three leaders discussed a transport route and ways to boost trade and security co-operation in the region.
Mr Salih, who welcomed his fellow leaders on the tarmac at Baghdad airport, said the summit was an eloquent message amid enormous regional challenges .
Iraq s recovery paves the way to an integrated system for our region built on the fight against extremism, respect for sovereignty and economic partnership, he said on Twitter. ....

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Iran has drones with 7,000km range, says IRGC leader


Western military analysts say Iran sometimes exaggerates its capabilities, but drones are a key element in Tehran s border surveillance, especially near the Strait of Hormuz, through which a fifth of the world s oil is shipped.
Iran and regional forces it backs have increasingly relied on drones in Yemen, Syria and Iraq in recent years.
We have unmanned aerial vehicles with a long range of 7,000 kilometres, said Hossein Salami, commander-in-chief of the IRGC, according to the Irna state news agency.
They can fly, return home and make landing wherever they are planned to.
US President Joe Biden is seeking to revive and eventually broaden the nuclear pact to put greater limits on Iran s nuclear and missile programmes, and constrain its regional actions. ....

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