FinPol Digest

 Egypt has seen an upward trend in its population and the president has now stressed catering to that population by taking the budget to $1trn.  President Abdel Fattah Al-Sisi confirmed that it will need to work with its budget and bring it to the trillion group to suit the growing population of Egypt . Only then it is possible for the country to cater to the required and most official services for them.  On Tuesday, the president was addressing the audience at the “Upper Egypt Week” where he was talking about the new ammonia nitrate, a urea plant in Kima, Aswan, in addition to the development project of Aswan Railway Station.  He also asserted that Egypt has been moving towards establishing a new state and it will do it by focusing on the state's performance with citizens and reflecting it on the people’s success ratio.  The country is also developing many complexes including the Kima complex which is reportedly cost at EGP 11.6bn. He further explained that the...

 Amid the growing financial crisis, Syria has announced a draft budget of $5.3bn for 2022. Leaders believe that this budget will look after the problems that the nation has been facing economically.  The budget was announced on Wednesday by the lawmakers and they have stressed that this will be a crucial year for Syria in terms of the financial calls. It is important to note that there has been a reduction in the budget from last year which was $6.8bn.  Most of the services in the country are hampered due to the economic downfall as well as the outbreak of the Covid-19 pandemic. This includes public finances continuing to suffer, less supply of subsidies on essential goods. There are a lot of reasons for the condition of the Syrian economy ranging from the continuous western sanctions to a decade-long civil war to infighting by the various rebel groups. The covid-19 pandemic further pushed the population into poverty as the value of the Syrian pound has plummeted.  ...

 Here’s something interesting that I want to share with what I read today. It’s about how after America's exit from Afghanistan , Iran observes its strategies and interests meeting with the militarily confident Russia and monetarily earnest China in Central Asia and the Caucasus. Moscow and Beijing may not concur with Tehran's premises, yet realism wins in their rapprochement. Notwithstanding, Tehran's inclinations don't meet with Islamabad's on Kabul, or with Ankara's on Baku and Yerevan. Neither Turkey nor Pakistan will think twice about Azerbaijan and Afghanistan, as these nations are crucial for solidness in Central Asia and the Caucasus, separately. To finish up, Iran's approaches toward Central Asia can be to a great extent considered effective, however, they miss the mark regarding conveying it the amazing financial, political, and key anchor it frantically looks for. For me, The time has come for the Arab to state looked for more profound linkages w...

 I want to share something intriguing. It’s about one corner of the Arab world that will always exemplify an alternate sort of Arab-US relations. Ras Beirut is the home of two colleges that were initially settled by American ministers and which address over two centuries of connection among American and Arab social orders which also shows how they handle their relations well that we long to see in other nations as well.  For me, whatever emergency exists in their present relations comes from the dealings of government officials and states, with the two social orders living with the outcomes. However, these issues are moderately new and scarcely date from the finish of the Second World War, after which the US arose as a worldwide superpower.

 A number of Arab countries have condemned an attack on a fuel transport ship anchored at Jeddah port on Monday. Being labelled as a "terrorist attack", the oil tanker was hit by an explosive-laden boat, according to a statement released by Saudi Arabia's Ministry of Energy. Singaporean shipping firm Hafnia also confirmed that the oil tanker was struck by a blast from an "external source" at the Jeddah terminal. Reportedly, the ship was carrying 60,000 tons of gasoline that caused an explosion on board. Releasing a statement on its website, the shipping company confirmed that all 22 sailors on board the BW Rhine escaped the blast without suffering any injury. “BW Rhine has been hit from an external source whilst discharging at Jeddah, Saudi Arabia at approximately 00:40 local time on 14 December 2020, causing an explosion and subsequent fire on board,” Hafnia said in its statement, as reported by Reuters. According to the Saudi energy ministry spokesperson, the ...