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Israel, Egypt agree to build new gas pipeline

Israel and Egypt's energy ministers agreed Sunday to build a gas pipeline from the offshore eastern Mediterranean Leviathan field to Egypt, aimed at boosting exports to Europe, an Israeli source said. Yuval Steinitz and his Egyptian counterpart Tarek El Molla "agreed on the construction of...

Syrian pound sinks to record low on foreign currency crunch

The Syrian pound sank to a new record low on Sunday with a scramble for dollars in a country hit by sanctions and facing a severe foreign currency crunch, dealers and bankers said. Traders said it cost as much as 3,450 Syrian pounds to buy 1 dollar on the street on Sunday, more than 18%...

In Israel and beyond, virus vaccines bring political power

Forget about oil and arms. Coronavirus vaccines are emerging as the newest currency of choice in the Middle East. Israel’s reopening of its economy, combined with a murky prisoner swap with Syria and the arrival of a batch of vaccines in the Gaza Strip, have all underscored how those with...