Arab Finance: The Egyptian Customs Authority and the Federation of Egyptian Chambers of Commerce have signed a guarantee agreement under the UN International Transport of Goods under Cover of TIR Carnets (TIR Convention), according to a statement. Minister of Finance Ahmed Kouchouk, Minister of Tra»»»

RIYADH: Egypt’s trade deficit widened 20.2 percent year on year to $4.8 billion in April, compared with $4 billion in the same month a year earlier, as imports continued to outpace a strong recovery in exports, official data showed. According to the Central Agency for Public Mobilization and Statis»»»

RIYADH: Middle East and North Africa venture funding showed signs of deeper stress in the first half of 2026, with startup investment falling 22 percent year on year to $1.35 billion while deal count dropped 41 percent to 214 transactions, the lowest half-year total since at least 2022, according t»»»

International and regional investors have committed more than US$1.1 billion (approximately EGP55 billion) to new hospitality developments in Sharm El Sheikh, reinforcing Egypt’s strategy to expand tourism capacity and attract higher international visitor numbers as the sector continues to underpin»»»

RIYADH: The journey may have ended for all eight Arab nations at the 2026 FIFA World Cup, but the tournament will remain ingrained in the memories of Arab fans who supported each nation as one of their own. The JAX District Coca-Cola Fan Zone has been one of the prime spots to watch the World Cup i»»»

Dubai: Less than a month after President Donald Trump hailed his agreement with Iran as the breakthrough that would reopen the Strait of Hormuz, the strategic waterway has once again become the centre of military confrontation — raising questions over whether the deal may have unintentionally stren»»»

The Egyptian Exchange (EGX) delivered a mixed but broadly positive performance on Sunday, 12 July, as gains in small- and mid-cap shares outweighed a marginal decline in the benchmark index. While the EGX30 eased 0.11% to 52,256.18 points, the EGX70 and EGX100 outperformed the benchmark despite con»»»

The United States and Iran each asserted Monday they controlled the Strait of Hormuz after a weekend of attacks stretching across the wider Middle East, further threatening any diplomacy to end the war. The attacks, sparked by Iran striking a container ship Sunday in the strait off the coast of Oma»»»

Arab Finance: Gulf Egypt for Hotels and Tourism, a subsidiary of United Real Estate Company, has launched a landmark integrated lifestyle hospitality destination in Sharm El Sheikh, with planned investments exceeding EGP 20 billion, according to a press release. The project marks a new model of col»»»

Doha, Qatar: The passing of Father Amir H H Sheikh Hamad bin Khalifa Al-Thani prompted an outpouring of condolences and tributes from heads of state, royal families, and senior leaders across the world, who praised his enduring legacy and extended heartfelt sympathy to the leadership, people, and g»»»

Doha, Qatar: The passing of the Father Amir, His Highness Sheikh Hamad bin Khalifa Al-Thani, prompted an outpouring of condolences from embassies and ambassadors accredited to the State of Qatar, reflecting the profound respect he commanded across the international community. In heartfelt messages,»»»

TEHRAN: Peyvand Naimi has spent more than six months in an Iranian prison, accused of killing state security agents during nationwide protests, although his family says no formal charges or evidence have been presented. “The Baha’is will not be released,” the family says it was told by the prosecut»»»

QNA Doha The Arab and Islamic worlds received the news of the passing of Qatar’s great statesman HH the Father Amir Sheikh Hamad bin Khalifa Al Thani, with profound sadness. Widely recognised for his dedication to Arab and Islamic causes, HH the late Father Amir devoted his time, effort, and intell»»»

Egypt and Germany have announced plans to significantly increase their bilateral trade to €9 billion by the end of 2024. This ambitious target, revealed during an economic summit in Düsseldorf, represents a substantial €2 billion increase from the current trade level of €7 billion. The summit saw E»»»

Dubai: Abu Dhabi may be the only viable location in the UAE for the proposed $5 billion Moon resort, according to its founders, who say the development requires 556 acres and cannot move forward without direct government support. Sign up for our daily business newsletter, Cheques & Balances.Michael»»»

Agriculture, Food & Beverages Client : Tanta University Universal Cities Department Address : Al Mathaf with ElGish Street, Tanta, Egypt Tender : General tender for 2016/2017 for supply of foods for universal cities restaurants Tender documents : EGP800 A bid bond of EGP620,000 to be submitted – A »»»

DUBAI: The US military said it has launched another round of strikes against Iran “to degrade their ability to attack commercial ships freely transiting the Strait of Hormuz.” The latest salvo began at 2100 GMT on Sunday, US Central Command (CENTCOM) said on X, adding that President Donald Trump “h»»»

Business News announced the results of its seventh edition of the Bank Performance Indicators in Egypt in 2017. The Commercial International Bank (CIB) received the Bank of the Year award, following a year of strong and balanced performance. The unfavorable economic conditions did not prevent the b»»»

by Ahmed El-Mahdi The director of the Egyptian Industrial Zone in Ethiopia, Alaa al-Saqti, has called for a detailed plan to be drawn up of the industrial city so as to make best use of the available area. He added that he would send a memo to this effect to Prime Minister Ibrahim Mahlab within the»»»

China has further consolidated its position at the pinnacle of global banking, with seven Chinese lenders occupying the world’s top 10 positions by Tier 1 capital, including the world’s four largest banks, according to The Banker’s Top 1000 World Banks 2026. Compiled annually by The Banker, a Finan»»»

Egypt has reviewed the implementation of water cooperation projects with several Nile Basin countries and reaffirmed its commitment to supporting regional development through a $100m financing mechanism for priority projects, the Ministry of Water Resources and Irrigation said. According to a minis»»»

CAIRO: Archaeologists uncovered a 3,000-year-old tomb near the southern Egyptian city of Luxor, authorities said on Sunday, the latest in a series of discoveries that officials hope will boost tourism. The tomb, identified as belonging to a man named Paser, was found by a Dutch archaeological missi»»»

DOHA: The Arab and Islamic worlds received the news of the passing of the State of Qatar's great statesman, HH the Father Amir Sheikh Hamad bin Khalifa Al Thani, with profound sadness. Widely recognized for his dedication to Arab and Islamic causes, HH the late Father Amir devoted his time, effort,»»»

In an assertive maneuver that underscores the shifting dynamics of the global oil market, Saudi Arabia’s state-owned oil giant, Aramco, has announced a significant increase in oil prices for March deliveries. This decision comes at a time when the world’s energy landscape is undergoing rapid change»»»

LONDON: UAE President Sheikh Mohamed bin Zayed Al-Nahyan arrived in the Egyptian city of El Alamein on Sunday to discuss latest regional developments with President Abdel Fattah El-Sisi. The two leaders discussed ongoing efforts to address developments in the Middle East and affirmed the importance»»»

RIYADH: For a moment, it felt real. Egypt had been in control against defending champions Argentina for nearly 80 minutes, inching closer to uncharted territory: the final eight of the FIFA World Cup. In hindsight, Egyptian fans’ refusal to accept that their nation could see this through proved wel»»»

El Alamein: UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Abdel Fattah Al Sisi, President of the Arab Republic of Egypt, discussed the fraternal ties between the two countries and ways to further strengthen cooperation across all sectors in support of their mutual interests and »»»

El Alamein: UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Abdel Fattah Al Sisi, President of the Arab Republic of Egypt, discussed the fraternal ties between the two countries and ways to further strengthen cooperation across all sectors in support of their mutual interests and »»»

Egypt's Giza Plateau- Pyramids Orascom Pyramids Entertainment, owned by billionaire Naguib Sawiris, is increasing its investment in ancient Egyptian archaeological sites by a third, betting on sporting events and pop concerts by stars like Shakira to help propel tourism to new heights. The new inve»»»

Muscat, Oman: The Omani government condemned on Sunday an attack on its territory, state media announced, with Iran's Guards saying they targeted it during a barrage aimed at countries across the Gulf. The Oman News Agency said on X that "the Sultanate of Oman affirms its condemnation and denunciat»»»

Doha, Qatar: Tributes and condolences poured in from world leaders following the passing of Father Amir HH Sheikh Hamad bin Khalifa Al Thani. The Amiri Diwan announced the death of HH the Father Amir on Sunday morning July 12, 2026, at the age of 74. The Prime Minister of the Islamic Republic of Pa»»»

Doha, Qatar: Belgium’s finest era ends without the World Cup glory it once promised. For more than a decade, Belgium’s golden generation captivated world football with a squad overflowing with talent. They climbed to the top of the FIFA World Ranking, produced some of the game’s finest players and »»»

Arab Finance: As Egypt navigates structural shifts across its agricultural supply chains, the local milling sector is under intense pressure to modernize, optimize capacity, and ensure food security for a growing population of over 112 million. Caught between global market volatility, a rapid 76% s»»»

Egypt’s startup ecosystem is entering a new phase of transformation with the launch of the Startup Egypt Platform, a national initiative designed to lower entry barriers and accelerate entrepreneurial growth. By combining government support with private-sector expertise, the platform offers a unifi»»»

Arab Finance: Egypt’s agricultural exports have surpassed 5.8 million tons so far this year amid rising global demand, Minister of Agriculture and Land Reclamation Alaa Farouk announced. This reflects the country's success in developing the agricultural sector and enhancing its competitiveness on t»»»

Every summer since 2009, residents of a Palestinian village in the Israeli-occupied West Bank have gathered for a kite festival. The event is held on land that they say has been partly lost since a settlement was established in 1983. The festival, while primarily for children, carries a "polit»»»

“Welcome to Egypt, the cradle of civilization and welcome to New Suez Canal , a crucial artery of global trade,”. That was the opening speech addressed by Vice Admiral Mohab Mamish, of the Suez Canal Authority (SCA) and the man in charge of the project, noting that the key development to Egypt prog»»»

Saudi Arabia has launched a new Package Visa initiative, announcing the first six countries eligible for the scheme that allows travellers to obtain a tourist visa through a single integrated travel package. The programme aims to simplify the visitor journey by combining flights, accommodation and »»»

Arab Finance: Minister of Petroleum and Mineral Resources Karim Badawi visited the drilling operations site of the “Velox-1X” exploration well onboard the drillship Stena Ice MAX, according to a statement. The well is being executed by Shell in the North Cleopatra concession within the Herodotus Ba»»»

In a way, politics will always be part of football. The game’s importance to fans makes it inevitable. This is why prime ministers and presidents like to declare themselves fans of one team or another, even if sometimes they forget which club they support between interviews. Cue a gentle cough in t»»»

Argentina sink 10-man Swiss to set up blockbuster World Cup semifinal with England KANSAS CITY: Julian Alvarez scored a breathtaking goal as Argentina battled past 10-man Switzerland 3-1 after extra-time on Saturday, setting up a mouthwatering World Cup semifinal against bitter rivals England. Fans»»»

DUBAI: Iran launched missile and drone attacks against Bahrain, Qatar and the United Arab Emirates on Sunday, widening its military campaign across the Gulf only hours after the United States carried out a third round of airstrikes against Iranian targets in retaliation for attacks on commercial sh»»»

Pfizer has officially announced the appointment of Amr Seif as the Regional Director for Egypt, Levant, and Iraq, effective September 15. In this pivotal role, Amr will helm the company’s operations across the region and champion various initiatives that bring cutting-edge scientific innovations in»»»

Khaled Al Hameidi DoHA As the fragile calm between the United States and Iran faces mounting pressure following renewed military exchanges and increasingly confrontational political rhetoric, Qatar has intensified diplomatic efforts to prevent the remaining channels of communication from closing. W»»»

RIYADH: Investment momentum in the Middle East and North Africa region continued its steady trend in June, with 41 startups collectively raising $148.2 million, representing an annual rise of 190 percent. According to Wamda data, startup investments over the month declined by 76 percent compared to»»»

LONDON: The main focus of the two-day NATO summit in Ankara this week was, overwhelmingly, the alliance’s renewed pledge of “unwavering support for Ukraine in defending its freedom, sovereignty, and territorial integrity,” backed by additional military equipment and training. There was also a renew»»»

ATLANTA: Belgium coach Rudi Garcia came under a barrage of fire for replacing first-choice goalkeeper Thibaut Courtois in Friday’s World Cup quarter-final loss to Spain, adding to questions about his future. Courtois felt he could continue despite a twinge in his leg, but Garcia insisted he come of»»»

Egypt has completed around 25% of four local economic development projects in Fayoum, Beni Suef, Luxor and Aswan under a European Union-funded technical assistance programme implemented in cooperation with the United Nations Development Programme (UNDP), Minister of Local Development Manal Awad sai»»»

Egypt completely rejects any measures that would compromise Somali territorial integrity, including any recognition of the so-called “Somaliland”, Minister of Foreign Affairs, International Cooperation and Egyptian Expatriates Badr Abdelatty said on Saturday. During a phone call with Somalia’s Mini»»»