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	<title>trade &#8211; The Milli Chronicle</title>
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	<description>Factual Version of a Story</description>
	<lastBuildDate>Mon, 06 Apr 2026 06:44:50 +0000</lastBuildDate>
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	<title>trade &#8211; The Milli Chronicle</title>
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		<title>Energy Shock Forces Cairo Curfew as Iran War Strains Egypt Economy</title>
		<link>https://millichronicle.com/2026/04/64744.html</link>
		
		<dc:creator><![CDATA[NewsDesk MC]]></dc:creator>
		<pubDate>Mon, 06 Apr 2026 06:44:48 +0000</pubDate>
				<category><![CDATA[Latest]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Top Stories]]></category>
		<category><![CDATA[World]]></category>
		<category><![CDATA[cairo]]></category>
		<category><![CDATA[cinemas]]></category>
		<category><![CDATA[curfew]]></category>
		<category><![CDATA[currency depreciation]]></category>
		<category><![CDATA[economic impact]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[egypt]]></category>
		<category><![CDATA[energy crisis]]></category>
		<category><![CDATA[fuel prices]]></category>
		<category><![CDATA[inflation]]></category>
		<category><![CDATA[informal sector]]></category>
		<category><![CDATA[Iran war]]></category>
		<category><![CDATA[Middle East conflict]]></category>
		<category><![CDATA[Moustafa Madbouly]]></category>
		<category><![CDATA[nightlife]]></category>
		<category><![CDATA[small businesses]]></category>
		<category><![CDATA[tourism]]></category>
		<category><![CDATA[trade]]></category>
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					<description><![CDATA[Cairo — Egypt has imposed early closing hours for shops and businesses across Cairo to curb soaring energy costs linked]]></description>
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<p><strong>Cairo</strong> — Egypt has imposed early closing hours for shops and businesses across Cairo to curb soaring energy costs linked to the ongoing Iran war, a move that is already disrupting commerce, nightlife and key sectors of the economy.</p>



<p>Under a month-long order introduced last week, shops must close by 9:00 p.m. on weekdays and 10:00 p.m. on weekends, with a temporary extension to 11:00 p.m. during the Coptic Easter period. Authorities say the meaaures are necessary as rising global fuel prices drive up Egypt’s energy import bill.</p>



<p>Prime Minister Moustafa Madbouly said the country’s monthly energy costs more than doubled between January and March to $2.5 billion, reflecting Egypt’s dependence on imported fuel to meet domestic demand.</p>



<p>The restrictions have sharply altered life in Cairo, a city known for its late-night economy. Streets that typically remain active into the early hours now empty soon after closing time, with police patrols enforcing compliance.Small businesses have been among the hardest hit. </p>



<p>Shopworker Ali Haggag said his clothing store has lost more than half its revenue since the measures took effect, as evening foot traffic  a major source of sales —has been curtailed.Economists warn the impact could be widespread in Egypt’s informal sector, which accounts for roughly two-thirds of employment. </p>



<p>Wael el-Nahas said reduced operating hours translate directly into lower incomes for millions of workers dependent on nightly commerce.The crisis has also affected major industries. Cinema operators report steep losses as late-night screenings  typically the most profitable have been eliminated. </p>



<p>Film producer Gaby Khoury said box office revenues have fallen by more than 60 percent, prompting delays in releases and production schedules.Tourism, a key source of foreign currency, faces similar pressures. </p>



<p>While high-end hotels and Nile-side venues are exempt, popular attractions in central Cairo, including markets and bazaars, must close early, limiting visitor spending.</p>



<p> Industry officials say the reduction of evening activity risks diminishing the city’s appeal to tourists.The curbs come alongside broader austerity measures introduced in recent weeks, including fuel price increases, reduced public lighting, and expanded remote work policies.</p>



<p> Authorities say the steps are needed to manage fiscal pressures as energy prices surge following the escalation of conflict involving Iran.The economic strain has coincided with currency depreciation and rising inflation.</p>



<p> The Egyptian pound has weakened by around 15 percent since the conflict began, while inflation reached 13.6 percent in March.</p>



<p>Despite the disruption, some businesses are adapting by reduction staffing hours or employing informal workarounds to continue operations. Others expressed cautious optimism that consumers will adjust to the new schedule.</p>
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		<title>Saudi Ambassadors Sworn in by Crown Prince to Strengthen International Relations</title>
		<link>https://millichronicle.com/2025/12/60158.html</link>
		
		<dc:creator><![CDATA[NewsDesk MC]]></dc:creator>
		<pubDate>Tue, 02 Dec 2025 20:36:49 +0000</pubDate>
				<category><![CDATA[Latest]]></category>
		<category><![CDATA[Middle East and North Africa]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[cooperation.]]></category>
		<category><![CDATA[Crown Prince Mohammed bin Salman]]></category>
		<category><![CDATA[cultural diplomacy]]></category>
		<category><![CDATA[diplomatic ties]]></category>
		<category><![CDATA[Foreign Minister Prince Faisal bin Farhan]]></category>
		<category><![CDATA[global influence]]></category>
		<category><![CDATA[International Relations]]></category>
		<category><![CDATA[mutual understanding]]></category>
		<category><![CDATA[oath of office]]></category>
		<category><![CDATA[peace]]></category>
		<category><![CDATA[Saudi ambassadors]]></category>
		<category><![CDATA[stability]]></category>
		<category><![CDATA[trade]]></category>
		<category><![CDATA[vision 2030]]></category>
		<guid isPermaLink="false">https://millichronicle.com/?p=60158</guid>

					<description><![CDATA[Riyadh &#8211; Newly-appointed Saudi ambassadors took an important oath of office before Crown Prince Mohammed bin Salman at a ceremony]]></description>
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<p><strong>Riyadh</strong> &#8211; Newly-appointed Saudi ambassadors took an important oath of office before Crown Prince Mohammed bin Salman at a ceremony held at Al-Khaleej Palace in Dammam. This significant event signifies the Kingdom&#8217;s commitment to enhancing its diplomatic relations with countries around the world.</p>



<p>The ceremony saw the swearing-in of ambassadors to a diverse array of nations, including Qatar, Brunei, Romania, Nigeria, Bosnia and Herzegovina, Burkina Faso, Albania, Sierra Leone, Ethiopia, Tajikistan, Singapore, Myanmar, Nepal, Vietnam, Cambodia, and the Netherlands. This diverse representation underscores Saudi Arabia&#8217;s ambition to strengthen its global presence and foster diplomatic ties across various regions.</p>



<p>Crown Prince Mohammed bin Salman highlighted the importance of international diplomacy in achieving the Kingdom&#8217;s strategic objectives. The presence of Foreign Minister Prince Faisal bin Farhan at the ceremony further emphasizes the support and commitment of the Saudi leadership to the diplomats taking on these crucial roles.</p>



<p>The swearing-in ceremony not only marks the beginning of the ambassadors&#8217; new assignments but also reflects Saudi Arabia&#8217;s dedication to promoting peace, security, and cooperation on the international stage. Through these appointments, the Kingdom aims to build robust relationships that benefit both Saudi Arabia and the host nations.</p>



<p>Each ambassador brings unique skills and experiences that will contribute to their respective missions, enhancing Saudi Arabia&#8217;s ability to navigate the complexities of global diplomacy. The diverse backgrounds of the ambassadors are aligned with the Kingdom&#8217;s Vision 2030 goals, which emphasize innovation and collaboration in all facets of governance and international relations.</p>



<p>These new ambassadors are tasked with representing Saudi interests abroad while fostering mutual understanding and respect between nations. By engaging in meaningful dialogues and partnerships, they will work to advance shared goals that promote trade, cultural exchange, and social development.</p>



<p>The ambassadors&#8217; roles will also involve addressing regional challenges and collaborating on international initiatives that aim to enhance stability and prosperity. Their work will be pivotal in showcasing Saudi Arabia&#8217;s commitment to responsible stewardship in various global forums.</p>



<p>Furthermore, the engagement of ambassadors with their host countries will help to promote Saudi culture, values, and heritage. Cultural diplomacy plays a vital role in nurturing positive relationships, and these ambassadors are uniquely positioned to highlight the richness of Saudi traditions and contributions.</p>



<p>The oath-taking ceremony serves as a powerful reminder of the Kingdom&#8217;s forward-looking approach and willingness to strengthen international ties. With leaders like Crown Prince Mohammed bin Salman at the helm, Saudi Arabia is poised to influence global discussions and create pathways for collective progress.</p>



<p>In conclusion, the swearing-in of these newly-appointed ambassadors represents a bright future for Saudi Arabia&#8217;s diplomatic relations. As they embark on this vital journey, their efforts will contribute to fostering understanding and collaboration on a global scale. The Kingdom&#8217;s commitment to engaging with the world reflects its strategic vision and determination to play a meaningful role on the international stage.</p>
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		<item>
		<title>Tokyo and Jeddah governors meet to strengthen bilateral ties</title>
		<link>https://millichronicle.com/2025/10/58514.html</link>
		
		<dc:creator><![CDATA[NewsDesk MC]]></dc:creator>
		<pubDate>Fri, 31 Oct 2025 19:37:49 +0000</pubDate>
				<category><![CDATA[Latest]]></category>
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		<category><![CDATA[News]]></category>
		<category><![CDATA[anime]]></category>
		<category><![CDATA[bilateral relations]]></category>
		<category><![CDATA[creative industries]]></category>
		<category><![CDATA[cultural exchange]]></category>
		<category><![CDATA[Diplomacy]]></category>
		<category><![CDATA[future investment initiative]]></category>
		<category><![CDATA[innovation]]></category>
		<category><![CDATA[international partnership.]]></category>
		<category><![CDATA[japan]]></category>
		<category><![CDATA[jeddah]]></category>
		<category><![CDATA[manga]]></category>
		<category><![CDATA[Middle East cooperation]]></category>
		<category><![CDATA[Prince Saud bin Abdullah bin Jalawi]]></category>
		<category><![CDATA[renewable energy]]></category>
		<category><![CDATA[saudi arabia]]></category>
		<category><![CDATA[smart cities]]></category>
		<category><![CDATA[sustainability]]></category>
		<category><![CDATA[technology]]></category>
		<category><![CDATA[Tokyo]]></category>
		<category><![CDATA[tourism]]></category>
		<category><![CDATA[trade]]></category>
		<category><![CDATA[vision 2030]]></category>
		<category><![CDATA[Yuriko Koike]]></category>
		<guid isPermaLink="false">https://millichronicle.com/?p=58514</guid>

					<description><![CDATA[Tokyo &#8211; Governor Yuriko Koike met with Jeddah Governor Prince Saud bin Abdullah bin Jalawi in a landmark meeting aimed]]></description>
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<p><strong>Tokyo </strong>&#8211; Governor Yuriko Koike met with Jeddah Governor Prince Saud bin Abdullah bin Jalawi in a landmark meeting aimed at enhancing cooperation and deepening relations between Japan and Saudi Arabia. </p>



<p>The meeting, held at the Jeddah governorate’s headquarters, reflected the growing partnership between the two nations across various fields, including culture, trade, technology, and sustainable urban development. </p>



<p>Both sides exchanged cordial conversations and discussed areas of mutual interest, reaffirming their shared vision for stronger collaboration and long-term friendship.</p>



<p>The discussion was attended by Japanese Consul General in Jeddah Daisuke Yamamoto and members of Governor Koike’s delegation. </p>



<p>The meeting provided an opportunity to strengthen diplomatic and cultural ties, emphasizing the importance of people-to-people connections and the role of cities as gateways for international cooperation.</p>



<p> The dialogue highlighted how Jeddah, as one of Saudi Arabia’s leading coastal cities, and Tokyo, one of the world’s most dynamic metropolises, share a mutual interest in innovation, smart city development, and sustainable growth.</p>



<p>Governor Koike’s visit to Saudi Arabia formed part of her wider regional tour across the Middle East, showcasing Japan’s dedication to fostering partnerships with Arab countries. </p>



<p>Earlier in the week, she attended the Future Investment Initiative 2025 in Riyadh, where she shared insights on Tokyo’s ambition to become a global financial and creative hub. </p>



<p>During the conference, she joined a panel discussion alongside the renowned creator of “Captain Tsubasa,” Yoichi Takahashi, emphasizing how Japan’s creative industries, particularly manga and anime, can serve as powerful tools for global cultural exchange and tourism development.</p>



<p>Her visit to Jeddah came as both nations continue to explore new opportunities for collaboration in creative industries, renewable energy, education, and tourism.</p>



<p> The meeting also symbolized the strong diplomatic friendship that has long connected Japan and Saudi Arabia, built upon mutual respect, shared values, and a commitment to economic progress and innovation.</p>



<p> The discussions reflected optimism about the potential for joint ventures, knowledge exchange, and cultural initiatives that will contribute to the prosperity of both societies.</p>



<p>The meeting between the Tokyo and Jeddah governors highlighted the growing synergy between Japan’s technological expertise and Saudi Arabia’s transformative Vision 2030 agenda. </p>



<p>With Jeddah emerging as a center for tourism and urban modernization, and Tokyo serving as a model for innovation and smart infrastructure, both sides expressed interest in exchanging ideas and strategies to develop sustainable and resilient cities. </p>



<p>They discussed enhancing cooperation in areas such as renewable energy solutions, digital transformation, and cultural heritage preservation.</p>



<p>Governor Koike praised Saudi Arabia’s ongoing development projects, noting the remarkable progress in urban planning, green initiatives, and efforts to create a diversified economy. </p>



<p>She expressed admiration for Jeddah’s vibrant culture and its role as a historical gateway to the Kingdom. In return, Prince Saud bin Abdullah bin Jalawi commended Japan’s leadership in technology, education, and cultural innovation, acknowledging the importance of collaboration in achieving shared development goals.</p>



<p>The meeting also emphasized the role of cultural diplomacy in building bridges between nations.</p>



<p> Through initiatives such as cultural festivals, student exchange programs, and creative partnerships, Japan and Saudi Arabia aim to deepen mutual understanding and strengthen global cooperation. </p>



<p>Koike’s visit to the region, which included stops in the UAE, Kuwait, and Egypt, demonstrates Japan’s growing engagement with the Middle East and its commitment to long-term collaboration built on trust and respect.</p>



<p>As the meeting concluded, both leaders expressed optimism about the future of Tokyo-Jeddah relations, envisioning a partnership that promotes innovation, creativity, and sustainable growth.</p>



<p> The dialogue reinforced the shared belief that collaboration between cities can serve as a foundation for stronger global relations and mutual prosperity.</p>
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		<item>
		<title>Saudi Foreign Minister Meets Uruguayan Counterpart to Strengthen Bilateral Relations</title>
		<link>https://millichronicle.com/2025/10/58464.html</link>
		
		<dc:creator><![CDATA[NewsDesk MC]]></dc:creator>
		<pubDate>Thu, 30 Oct 2025 19:33:35 +0000</pubDate>
				<category><![CDATA[Top Stories]]></category>
		<category><![CDATA[bilateral relations]]></category>
		<category><![CDATA[cooperation]]></category>
		<category><![CDATA[cultural exchange]]></category>
		<category><![CDATA[cultural initiatives]]></category>
		<category><![CDATA[diplomatic ties]]></category>
		<category><![CDATA[economic growth]]></category>
		<category><![CDATA[global dynamics]]></category>
		<category><![CDATA[international developments]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[people-to-people connections.]]></category>
		<category><![CDATA[Saudi Foreign Minister]]></category>
		<category><![CDATA[strategic partnership]]></category>
		<category><![CDATA[trade]]></category>
		<category><![CDATA[Uruguayan counterpart]]></category>
		<category><![CDATA[vision 2030]]></category>
		<guid isPermaLink="false">https://millichronicle.com/?p=58464</guid>

					<description><![CDATA[Jeddah &#8211; Saudi Foreign Minister Prince Faisal bin Farhan recently welcomed his Uruguayan counterpart, Mario Lubetkin, in Riyadh, marking a]]></description>
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<p><strong>Jeddah </strong>&#8211; Saudi Foreign Minister Prince Faisal bin Farhan recently welcomed his Uruguayan counterpart, Mario Lubetkin, in Riyadh, marking a significant step toward enhancing diplomatic ties between the two nations. </p>



<p>During their meeting, they reviewed the existing relationship and explored various avenues for development across multiple fields, showcasing a mutual interest in fostering collaboration.</p>



<p>The discussions also included a review of regional and international developments, focusing on issues of common interest. This dialogue reflects the commitment of both countries to work together on matters that impact them on a global scale. </p>



<p>The meeting highlights the importance of diplomacy in addressing shared challenges and opportunities, fostering a spirit of cooperation that can lead to fruitful partnerships.</p>



<p>Prince Faisal emphasized the potential for growth in areas such as trade, investment, and cultural exchange. Both ministers expressed optimism about the benefits that enhanced cooperation could bring to their respective countries. </p>



<p>Their discussions underscored the shared vision for a prosperous future, rooted in mutual respect and collaboration.</p>



<p>The meeting serves as a testament to Saudi Arabia&#8217;s ongoing efforts to strengthen its international relationships, particularly with Latin American countries.</p>



<p> By engaging in meaningful dialogues with nations like Uruguay, Saudi Arabia is positioning itself as a key player on the global stage, promoting a diversified approach to international relations.</p>



<p>This kind of engagement is vital as both countries seek to navigate the complexities of the modern world. </p>



<p>By prioritizing open communication and collaboration, they are laying the groundwork for a strategic partnership that can adapt to changing global dynamics. </p>



<p>The focus on shared interests underscores the potential for innovative solutions to emerge from cooperative efforts.</p>



<p>Furthermore, the meeting aligns with Saudi Arabia&#8217;s Vision 2030, which aims to diversify the economy and enhance the Kingdom&#8217;s role in international affairs. </p>



<p>By fostering relationships with various nations, Saudi Arabia is not only promoting its interests but also contributing to global stability and prosperity.</p>



<p> This approach reflects a commitment to working collaboratively on issues that transcend borders, such as climate change and economic development.</p>



<p>As both ministers explored avenues for deeper collaboration, they recognized the importance of trade and investment as essential components of their bilateral relationship.</p>



<p> Expanding economic ties can lead to increased opportunities for businesses in both countries, fostering job creation and economic growth.</p>



<p> The discussions highlighted the potential for Uruguayan products to enter the Saudi market, enriching the diversity of offerings available to consumers.</p>



<p>Cultural exchange was also a key topic, with both ministers acknowledging the value of understanding each other&#8217;s histories and traditions. </p>



<p>By promoting cultural initiatives, the two countries can strengthen their ties and foster goodwill among their citizens. This kind of engagement can enhance people-to-people connections, creating a more profound appreciation for each other&#8217;s cultures.</p>



<p>In conclusion, the meeting between Saudi Foreign Minister Prince Faisal bin Farhan and Uruguayan Foreign Minister Mario Lubetkin represents a significant step toward strengthening bilateral relations. </p>



<p>Their discussions reflected a shared commitment to collaboration and mutual growth, emphasizing the importance of diplomacy in addressing global challenges. </p>



<p>As both countries move forward, the potential for innovative partnerships and cultural exchange will undoubtedly contribute to a brighter future for Saudi Arabia and Uruguay.</p>
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		<item>
		<title>Saudi business leader calls for boycott of goods from &#8216;hostile&#8217; Turkey</title>
		<link>https://millichronicle.com/2020/10/saudi-business-leader-calls-for-boycott-of-goods-from-hostile-turkey.html</link>
		
		<dc:creator><![CDATA[Millichronicle]]></dc:creator>
		<pubDate>Sun, 04 Oct 2020 20:35:45 +0000</pubDate>
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		<category><![CDATA[Middle East and North Africa]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Top Stories]]></category>
		<category><![CDATA[boycott]]></category>
		<category><![CDATA[saudi arabia]]></category>
		<category><![CDATA[trade]]></category>
		<category><![CDATA[turkey]]></category>
		<guid isPermaLink="false">https://millichronicle.com/?p=14500</guid>

					<description><![CDATA[Istanbul (Reuters) &#8211; The head of Saudi Arabia’s Chambers of Commerce has called for a boycott of Turkish products amid]]></description>
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<p><strong>Istanbul (Reuters) &#8211;</strong> The head of Saudi Arabia’s Chambers of Commerce has called for a boycott of Turkish products amid reports from merchants that animosity between Ankara and Riyadh is hindering the flow of goods between the two regional powers.<br><br>Saudi Arabia and Turkey have been at odds for some years over foreign policy and attitudes towards political Islamist groups. <br><br>Earlier this year the two countries blocked some of each other’s news websites.<br><br>“A boycott of everything Turkish, be it imports, investment or tourism, is the responsibility of every Saudi ‘trader and consumer’, in response to the continued hostility of the Turkish government against our leadership, country and citizens,” businessman Ajlan al-Ajlan tweeted on Saturday.<br><br>The Saudi Chambers of Commerce is a non-government group of private sector business people. The Saudi government’s communications office did not immediately respond to a request for comment.<br><br>For over a year, some Saudi and Turkish traders have speculated that Saudi Arabia was enacting an informal boycott of imports from Turkey.<br><br>In comments reported in Turkish media and on his Twitter page, he said he was concerned that what he described as the partial, informal embargo by Saudi Arabia would be deepened.<br><br>On Thursday, Turkish President Tayyip Erdogan took a swipe at the Gulf Arab states in a speech to parliament.<br><br>“It should not be forgotten that the countries in question did not exist yesterday, and probably will not exist tomorrow. But we will continue to fly our flag in this geography forever with the permission of Allah,” Erdogan said.<br><br>Neither Turkish nor Saudi trade data show an unusually large drop in bilateral trade this year, taking into account the strains the coronavirus pandemic has placed on global commerce.<br><br>In the second quarter of this year, Turkey was Saudi Arabia’s 12th trade partner by total import value. In July – the latest available data – Saudi imports from Turkey were worth around $185 million, up from roughly $180 million in June.</p>
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