Egypt's auto sales leap 24.3% YoY in April 2026 Arab Finance For Information Technology
Arab Finance: Egypt’s auto sales grew by 24.3% year-on-year (YoY), registering 15,333 units in April 2026, compared to 12,337 units, according to data from the Automotive Market Information Council (AMIC). Sales of passenger cars jumped by 13.4% to 11,156 vehicles from 9,836 units, while bus sales »»»
How companies can strengthen their competitive edge through financing mechanisms and tax incentives – EY
In a geopolitical and economic context defined by constant pressure on liquidity and a continuous need for investment, companies in Romania are facing an increasingly complex reality. While in the past competitive advantage was supported mainly by lower costs and skilled human resources, today it d»»»
Gold shoppers face higher rates after Dubai prices rebound from last week’s lows.
Dubai: Gold prices in Dubai jumped on Monday, reversing last week’s drop and pushing retail rates back near the levels seen earlier this month. (Check latest UAE gold prices here, alongside prices in Saudi Arabia, Oman, Qatar, Bahrain, Kuwait, and India.) Sign up for our daily business newsletter, »»»
World Leaders Welcome MoU Ending US-Imposed War on Iran
A wave of international acclaim swept across the global stage Sunday as world leaders welcomed the landmark memorandum of understanding between Iran and the United States, hailing the agreement that brings an immediate and permanent end to what many described as the US‑Israeli war of aggression aga»»»
PM, Economy Minister Attend Opening of Alcomet's New Production Facilities in Shumen
Bulgaria's Prime Minister Rumen Radev and Minister of Economy, Investments and Industry Alexander Poulev attended the inauguration of new production facilities developed under Alcomet AD's Priority Investment Project in Shumen on Monday. The company is Bulgaria’s largest producer of rolled and extr»»»
Abu Dhabi maintains 25 pedestrian bridges and 38 tunnels to improve safety
Abu Dhabi City Municipality is continuing efforts to improve pedestrian safety and mobility through an integrated project covering the operation and maintenance of bridges, tunnels and other pedestrian facilities across Abu Dhabi Island and the mainland. The municipality said the project forms part»»»
RTPR advises Provectus Capital Partners on its first investment in Romania
RTPR has assisted regional private equity fund active in South-Eastern Europe Provectus Capital Partners in relation to the acquisition of a majority stake in Seatbelt Consulting, Romania’s market leading provider of ...»»»
COFACE: Insolvencies are on the rise again against a backdrop of a deteriorating economic climate
The global business climate is deteriorating at an accelerating pace: business insolvencies surged by 12% in early 2026, driven by North America (+22%). Against a backdrop of geopolitical tensions and mounting cost pressures, Coface now forecasts a 6% rise in insolvencies worldwide for 2026. Key po»»»
Raiffeisen Bank launches the Diaspora Package for Romanians living abroad
Raiffeisen Bank is launching Diaspora, a checking account and benefits package designed specifically for Romanians living and working abroad. It was developed based on the actual needs identified among this community and validated by the high level of interest generated during the pre-launch campai»»»
Insurers paid over EUR 1.15 million per day for life insurance policies in 2025
Romania's insurers paid on average over 1.15 million euro per day in 2025 to life insurance policyholders, with the total amount of claims paid exceeding 421 million euro, increasing by 12% compared with the previous year, according to the National Association of Insurance and Reinsurance Companies»»»
EIB governors endorse strategy to expand investment in energy, technology, and defence
The Board of Governors of the European Investment Bank (EIB), comprised of European Union Finance Ministers, endorsed the Bank’s strategy to deliver on shared policy priorities, with increased financing and risk appetite, deploying its full potential to mobilise investments for energy autonomy, tec»»»
ARB firmly rejects the accusations of the Competition Council regarding the establishment of the ROBOR index
The Romanian Association of Banks (ARB) firmly rejects the accusations of the Competition Council in the file regarding the establishment of the ROBOR index and publicly requests the institution to provide concrete explanations regarding the establishment of guilt, according to a press release. 'AR»»»
BCR: ROBOR just shows the temperature. Interest rates have increased due to inflation
Sergiu Manea, Executive Chairman of Banca Comerciala Romana, claims that ROBOR is relevant only for a samll part of the bank's clients and that the indicator only shows the price, the temperature of the economy. Its increase was determined by high inflation, generated by the war, rising energy pric»»»
Romania’s annual inflation rate rises to 10.85% in May
Romania’s annual inflation rate rose to 10.85% in May, from 10.71% in April, as services became 13.53% more expensive, non-food goods increased by 12.54%, and food prices rose by 6.78%, according to data published by the National Institute of Statistics (INS). The increase was driven in particular »»»
Kyrgyzstan increases funding to fight HIV - | 24.KG
Kyrgyzstan, along with other countries, is increasing funding to fight HIV, the UN News Service reports. According to a new report from the Joint United Nations Programme on HIV/AIDS (UNAIDS), the fight against HIV is currently facing a serious crisis—a decline in external funding, restrictions on »»»
Bishkek Sverdlovsky District Administration employee accused of corruption - | 24.KG
A criminal case has been opened against an employee of the Sverdlovsky District Municipal Administration of Bishkek, the Prosecutor General’s Office of the Kyrgyz Republic reported. The Bishkek City Prosecutor’s Office conducted an investigation into complaints received during meetings with residen»»»
Earthquake registered near border of Kyrgyzstan and China - | 24.KG
An earthquake was recorded in Issyk-Kul region, the Institute of Seismology reported. According to experts, the tremors occurred around 4 a.m. in China. The epicenter was located 143 kilometers southeast of Karakol city. The earthquake's intensity at its source was up to 3.0 on the Richter scale. N»»»
Mass brawl near café in Tokmok leaves young man hospitalized - | 24.KG
Police in Tokmok are investigating the circumstances of a mass brawl that occurred near Ala-Too café. According to law enforcement authorities, information about a conflict involving several individuals was received on June 14. The incident has been officially registered, and investigative and oper»»»
Kumtor begins development of Togolok deposit - | 24.KG
One of the largest projects in the history of Kyrgyzstan’s mining industry has officially begun in the highlands of Issyk-Kul region — the development of Togolok gold deposit. The project is considered strategically important for the country’s economy and, for the first time in independent Kyrgyzst»»»
ADB budget support lifts Bangladesh's forex reserves to over 35bn USD
Dhaka: Bangladesh's gross foreign exchange reserves rose to 35.63 billion U.S. dollars on Sunday after the country received more than 1 billion U.S. dollars in budget support loan from the Asian Development Bank (ADB), the latest central bank data showed. According to the International Monetary Fun»»»
China's ROX Motor partners with Ezz El Arab El Sewedy to build REEVs in Egypt Arab Finance For Information Technology
Arab Finance: Ezz El Arab El Sewedy Industrial Investment Group signed an agreement with China-based ROX Motor to establish ROX Egypt to commence production of ROX's range-extended electric vehicles (REEVs) at the group's manufacturing facilities, according to a statement. The partnership marks a s»»»
Dinar-to-euro exchange rate at RSD 117.3840
BELGRADE - The Serbian dinar's official median exchange rate against the euro is 117.3840 dinars for one euro on Monday, which is a slight change relative to Friday, the National Bank of Serbia said. The dinar is steady against the euro m-o-m, down by 0.1 pct y-o-y and down by 0.1 pct relative to t»»»
Vucic to visit Georgia
BELGRADE - Serbian President Aleksandar Vucic will be on an official visit to Georgia from Monday to Wednesday, June 17, the presidential press office has announced. While in Tbilisi, Vucic will meet with President Mikheil Kavelashvili, PM Irakli Kobahidze, Parliament Speaker Shalva Papuashvili and»»»
SK Group chief, ex-wife fail to reach agreement in court mediation for asset division - UPI.com
SK Group Chairman Chey Tae-won arrives at the Seoul High Court in southern Seoul on Monday to attend a mediation session on their asset division. Pool photo by Yonhap SK Group Chairman Chey Tae-won and his former wife, Roh Soh-yeong, failed to reach an agreement in a court mediation session for the»»»
Lebanon Speaker Berri Welcomes Iran-US MOU, Hails Lebanon’s Inclusion in Agreement
Lebanese Speaker of Parliament Nabih Berri welcomed on Monday the announced Memorandum of Understanding between Iran and the United States, highlighting in particular its regional scope and its inclusion of Lebanon. “The memorandum lays the foundations for security and stability in the region, incl»»»
Tourism Minister Dimitrov: Bulgaria to Negotiate with Airlines for New Charter Programs
Bulgaria will begin negotiations with airlines for new charter programs in an attempt to restore the German tourist market, which has been experiencing a serious decline in recent years, Tourism Minister Ilin Dimitrov said on Monday. Dimitrov, who attended the opening of the Experience Bulgaria 202»»»
Riyadh Air begins Jeddah service with inaugural domestic flight
RIYADH: King Abdulaziz International Airport on June 14 welcomed the first domestic flight of Riyadh Air, the new national carrier of Saudi Arabia. The launch is part of the airline’s domestic network expansion, initially offering two daily flights between Riyadh and Jeddah. This initiative aims to»»»
Chinese rocket launches 8 satellites into orbit
Jiuquan: China on Monday launched a Lijian-1 Y14 carrier rocket with eight satellites onboard. The rocket blasted off at 1144 a.m. (Beijing Time) from a commercial space innovation pilot zone in northwest China and successfully sent its payload into the planned orbit. All the satellites onboard are»»»
Gold rises over 2 percent
Singapore: Gold rose by more than 2% on Monday following the conclusion of an agreement on a memorandum of understanding between the United States and Iran, which led to a decline in oil prices and eased concerns about inflation and rising interest rates. Spot gold climbed 2.5% to $4,322.87 per oun»»»
Preparations intensify for the annual changing of the Kaaba's covering
Dubai: As Muslims around the world prepare to welcome the new Hijri year, preparations are under way at the Grand Mosque in Mecca for the annual replacement of the Holy Kaaba's Kiswa, one of the most significant rituals associated with Islam's holiest site. The process, which culminates on the firs»»»
S. Korea's Lee says 'ember of hope' for dialogue with North still exists - UPI.com
South Korean President Lee Jae Myung said Sunday that the "ember of hope" for dialogue and cooperation with North Korea still exists. Lee made the remark during a speech at a mass held at the Basilica of Saint Paul Outside the Walls in Rome. Photo by Yonhap SEOUL, June 15 (UPI) -- South Korean Pres»»»
Seoul stocks up for 3rd day to land above 8,500 on U.S.-Iran deal - UPI.com
This photo, taken Monday, shows the trading room of Hana Bank in Seoul as South Korean stocks rose more than five percent to close above the 8,500-point mark on the back of an agreement to end the U.S.-Iran war. Photo by Yonhap Seoul stocks closed sharply higher Monday to extend their winning strea»»»
Head of Sofia Directorate of Interior Reports Numerous Instances of Illegal Street Racing
A significant number of people participate in illegal street racing in Sofia, Senior Commissioner Nikolay Peltekov, acting head of the Sofia Directorate of Interior (SDI), told reporters on Monday while commenting on an ongoing operation to boost road safety. Peltekov reported that an email address»»»
Sudan drone strikes killed over 1,000 in first five months of 2026: UN
GENEVA: The UN rights chief decried Monday a “sharp increase” in the use of drone warfare in conflict-torn Sudan, with more than 1,000 civilians killed in such strikes during the first five months of the year. “In Sudan, the horrific conflict has expanded and escalated, marked by a sharp increase i»»»
US-Iran deal tests fragile regional balance as Israel, Hormuz shape next phase
Dubai: A fragile US-Iran agreement to halt hostilities has been sealed — but not on the same timeline, and not in the same narrative — turning a breakthrough moment into a carefully choreographed duel over symbolism, timing and credit. Also Read: US–Iran deal talks: Pakistan signals 24-hour breakth»»»
Israeli officials slam Trump’s Iran deal as ‘catastrophe’ – Ynet
Israeli officials feel sidelined by the emerging US-Iran peace deal and are furious with what they believe amounts to a “catastrophe” that fails the objectives set prior to the war, according to a report by the Israeli outlet Ynet. According to the reported terms, the agreement would reopen the Str»»»
Pakistan military aircraft crashes, killing two pilots
Islamabad, Pakistan: A Pakistani military aircraft crashed in the northwest of the country on Monday killing both pilots, officials said. The crash, near the city of Mardan, was the second deadly military air disaster in less than a week after an army helicopter crashed in Pakistan-administered Kas»»»
Shanina Shaik is Australian fashion’s latest star
DUBAI: Part-Saudi model Shanina Shaik is promoting a clutch of Australian brands on social media, starring in a campaigns after hitting the runway at Australian Fashion Week earlier this year. The model is quickly becoming the face of Australian fashion, with brands seemingly banking on her interna»»»
Working through the heat: UAE outdoor staff share how they stay safe
Dubai: As summer temperatures peak across the UAE, outdoor workers say staying safe on the job depends on strict hydration routines, regular breaks, and adherence to heat-safety rules, including the midday work ban. Workers told Gulf News that while the heat presents daily challenges, government sa»»»
International Mixed Martial Arts President's Cup ends in Bishkek - | 24.KG
President’s Cup of the MMA Association of the Kyrgyz Republic was held in Bishkek according to the rules of Kulatuu WEF-Amateurs and UWW Pankration MMA. The grand opening of the competition took place with the participation of the Chairman of the State Committee for National Security and the Presid»»»
Saudi inflation remains contained at 1.8% in May: GASTAT
RIYADH: Saudi Arabia’s annual inflation rate edged up to 1.8 percent in May with housing rents continuing to drive price gains in the Kingdom, official data showed. According to the latest report released by the General Authority for Statistics, the Kingdom’s Consumer Price Index edged up 0.2 perce»»»
Russia Unveils Surveillance Drone Built to Brave Extreme Conditions
Russia is set to debut its new Sokol surveillance drone at the National Security Belarus–2026 exhibition in Minsk — a next-generation platform engineered to thrive where extreme conditions are the norm. Key features:Designed for day-and-night monitoring, including search and rescue missionsUnique X»»»
Al-Manar correspondent reports constant buzz of Israeli drones over Beirut’s southern suburb (Dahiyeh) - Al-Manar TV Lebanon
Secretary's SpeechLebanon PalestineZionist EntityRegional and International International More Video Language Ar En Fr EsSubscribe for Weekly Updates Subscribe Al-Manar correspondent reports constant buzz of Israeli drones over Beirut’s southern suburb (Dahiyeh) 15-06-2026 11:09 AM Latest News Urge»»»
Dubai’s new mega airport hits key milestone as 2032 opening stays on track
Dubai: Work on the Al Maktoum International Airport expansion continues according to the approved timeline, with Phase 1 scheduled to begin operations in 2032. Sign up for our daily business newsletter, Cheques & Balances.Contracts worth Dh13 billion are currently being executed, while more than 10»»»
Yahya Abdul-Mateen II reflects on Marvel ‘Wonder Man’ role
DUBAI: US actor Yahya Abdul-Mateen II has reportedly said that “people see so much of themselves in (protagonist) Simon (Williams),” the role he plays in the Marvel series “Wonder Man.”: The actor was known to comic book fans as DC’s Black Manta in the “Aquaman” movies and for his breakout role in »»»
Media Review: June 15
WORLD - US-IRAN DEAL - EU Coverage on Monday is dominated by the emerging US-Iran agreement to end four months of hostilities, with Bulgarian media focusing on the geopolitical consequences, market reaction and uncertainty surrounding the final terms. Dnevnik writes that the United States and Iran »»»
Over 8,000 children with disabilities remain outside education system in KR - | 24.KG
More than 8,000 children with disabilities in Kyrgyzstan are not covered by the education system. Deputy Minister of Education, Nadira Dzhusupbekova, said during a meeting of the parliamentary committee on science, education, innovation development and information technologies, culture, sports, and»»»
Kyrgyzstan’s pilots qualified to fly worldwide - | 24.KG
Pilots from Kyrgyzstan are qualified to operate flights worldwide, with their training meeting international standards. Daniyar Bostonov, Director of the State Civil Aviation Agency, stated on Birinchi Radio. He said pilots holding citizenship of Kyrgyzstan and domestic licenses are already working»»»
Israel says won’t withdraw troops from Lebanon, Syria, Gaza
JERUSALEM: Israel’s defense minister said Monday that Israeli forces would remain in Lebanon, Syria and Gaza indefinitely, hours after the United States and Iran agreed to end the Middle East war, including in Lebanon. “Prime Minister Benjamin Netanyahu and I are pursuing a clear policy under which»»»
Tentative deal on ending Iran war sends stocks soaring while oil prices fall
World share prices soared Monday after a tentative deal was announced on ending the Iran war and reopening the Strait of Hormuz, while oil prices fell more than $4 a barrel. The future for the S&P 500 was up 1.2% and that for the Dow Jones Industrial Average gained 1%, auguring likely early gains f»»»