Orient Weekly Watch: CSIORS Edition - Friday, March 8th, 2024

Gulfnews.com: Egypt's Economic Revival Fueled by Billions in Investments

Egypt has quickly rebounded from economic crisis, securing $40 billion in investments and loans. Key measures include interest rate hikes and currency depreciation. Talks with Saudi Arabia for further investments are underway. Geopolitical events prompted these actions. The funds will stabilize Egypt's economy and potentially improve its credit rating.

Telegraph.co.uk: UK to Compensate Libya to Curb Mediterranean Migrant Crossings

UK to compensate Libya to deter Mediterranean migrants with £1 million for voluntary returns, led by Michael Tomlinson, aiming to reduce global migration figures and combat illegal migration through international cooperation and strategic investments.

Foreignpolicy.com: A New Era of Political Conservatives Emerges in Iran

Iran's recent elections saw historically low turnout of 41%, with prominent figures disqualified by the Guardian Council. Hard-line conservative factions gained ground over establishment conservatives, reflecting a shift in power dynamics. Notably, Mohammad Bagher Qalibaf, the current speaker of parliament, experienced a significant drop in popularity. The top vote-getters in Tehran belong to the Front of Islamic Revolution Stability, a fundamentalist political group opposed to moderate conservatives and reformists.