In July 2021, four months after the blocking of the Suez Canal by the Ever Given, Egypt received damages after finally agreeing to set the container ship free. The authorities in Cairo preferred, however, not to reveal the heavily reduced amount of compensation paid.
The contract signed in December last year by Kinshasa and DP World goes beyond building a deepwater port at Banana. Its provisions also cover the river port of Matadi, at the risk of irking the players - Abu Dhabi Ports, Qatar and Bolloré - in the running for the deal to modernise the site.
With a war chest of a billion dollars, Abu Dhabi Ports is hunting for projects in Africa in a bid to match its arch-rival DP World. Backed by the emirate's highest authorities, the parastatal, which in less than two years has gone from sub-regional player to global giant, is nevertheless struggling to build a proper African empire.
To gain pace on Mohammed bin Salman's goal to turn the kingdom into a global exchange hub, the Saudi sovereign fund is investing heavily in infrastructure. With the end goal being to usurp the United Arab Emirates, Riyadh is actively recruiting among the foreign nations who contributed to the success of Dubai and Abu Dhabi.
A year and a half after the normalisation of their relations under the so-called Abraham Accords, Israel and the United Arab Emirates are facing their first dispute, sparked by clashes at the Al-Aqsa mosque compound in Jerusalem.