Arab Finance: Egypt’s state-owned Holding Company for Tourism and Hotels (HOTAC) and its subsidiaries are targeting consolidated revenues of EGP 9.4 billion and a net profit of EGP 5.5 billion during the current fiscal year (FY) 2026/2027, as per a statement. The targets form part of the estimated »»»

Saudi Crown Prince and Prime Minister Prince Mohammed bin Salman bin Abdulaziz, Turkish President Recep Tayyip Erdogan and Pakistani Prime Minister Mohammad Shehbaz Sharif signed the Mecca Joint Defence Agreement on Friday, pledging to strengthen collective security and deepen defence cooperation a»»»

ISLAMABAD: As Prime Minister Shehbaz Sharif arrived in Jeddah on Thursday, leading a high-powered delegation comprising federal ministers and Chief of Defense Forces Field Marshal Syed Asim Munir, foreign affairs and defense experts said that the visit is expected to enhance defense and security co»»»

Arab Finance: The New Urban Communities Authority (NUCA) and the Future of Egypt Authority for Sustainable Development signed a cooperation protocol to develop land owned by both entities and pursue joint urban and investment projects, as per a statement. The protocol seeks to increase the economic»»»

Arab Finance: Egypt is advancing a development strategy through 2030 aimed at transforming the Northwest Coast into a year-round destination for tourism, investment, residential, and industrial activities, while extending urban development into the area’s desert hinterland, as per a statement. Prim»»»

The Muslim World League (MWL) strongly condemned the continued Israeli violations in the Gaza Strip, including the ongoing targeting of civilians, vital facilities, and civilian infrastructure, the Saudi Press Agency reported on Thursday. In a statement, MWL Secretary-General and Chairman of the Or»»»

Dubai: Emaar Properties recorded Dh26.6 billion in property sales during the first half of 2026, while its revenue backlog climbed to Dh164.9 billion, giving the Dubai developer a substantial pipeline of sales to recognise in future periods. Sign up for our daily business newsletter, Cheques & Bala»»»

Dubai: Dana Gas reported a 47% increase in first-half net profit to Dh393 million, or $107 million, helped by higher hydrocarbon prices, increased production in Egypt and a one-off gas metering reconciliation recognised during the first quarter. Sign up for our daily business newsletter, Cheques & »»»

For years, the EU’s political establishment treated nuclear energy as something between an embarrassment and a moral transgression. The consequences were predictable – and increasingly impossible to conceal. The green dogma has come dueGermany provides the clearest case study. In 2011, nuclear powe»»»

Air travel between the European Union and the United Arab Emirates remains uncertain amid the tensions in the Persian Gulf, Bulgaria’s Foreign Ministry warned on Thursday. The Ministry said European airlines are currently waiting for the security risk in the region to ease before resuming regular f»»»

TRABZON, Turkiye: ‌Mohamed Salah has signed a two-year deal with Trabzonspor, under which the Egypt forward will receive 17 million euros ($19.6 million) a season, the Turkish club said on Thursday. The announcement came as Trabzon’s fans prepared to head for the club’s stadium in the eastern Black»»»

What happened in the North African Spanish enclave of Ceuta last week was tragic for everyone involved. So let’s make it a regular thing, the EU apparently decided – at least judging by its actions. I’m not saying that anybody overtly wants migrants from all over Africa to routinely storm the borde»»»

Istanbul: Former Liverpool star Mohamed Salah on Thursday signed a two-year contract with Turkish club Trabzonspor after leaving the Premier League giants at the end of his contract. The 34-year-old Egyptian international reached "a two-year agreement" with the club on the Black Sea coast who will »»»

CAIRO: Egyptian Prime Minister HE Dr Mostafa Madbouly met with the CEO of Qatari Diar, Sheikh Hamad bin Talal Al Thani, to discuss the latest developments in the Alam Al Roum development project on Egypt’s north coast. The Prime Minister emphasized the importance of the Alam Al Roum project, descri»»»

The Central Bank of Egypt (CBE) announced that its net international foreign exchange reserves rose to $56.30 billion at the end of July. This increase reflects the ongoing improvement in the country’s foreign liquidity position and strengthens the Egyptian economy’s ability to fulfill its internat»»»

Air travel between the European Union and the United Arab Emirates remains uncertain amid the tensions in the Persian Gulf, Bulgaria’s Foreign Ministry warned on Thursday. The Ministry said European airlines are currently waiting for the security risk in the region to ease before resuming regular f»»»

DUBAI: Saudi Arabia and seven other Arab and Muslim countries on Thursday condemned what they described as ongoing Israeli violations in the Gaza Strip, including attacks on healthcare facilities, civilian infrastructure and the continued loss of civilian lives. In a joint statement, the foreign mi»»»

Dubai: The Philippines and the Gulf Cooperation Council (GCC) are strengthening cooperation on the medical screening of overseas Filipino workers (OFWs), with plans to expand the number of accredited health facilities conducting mandatory pre-departure medical examinations for workers bound for Gul»»»

Dubai: The Foreign ministers of the UAE, Qatar, Jordan, Indonesia, Pakistan, Turkey, Saudi Arabia and Egypt have strongly condemned the ongoing Israeli violations in the Gaza Strip, including attacks on healthcare facilities, civilian infrastructure and civilians, saying the actions breach internat»»»

DOHA: The Ministers of Foreign Affairs of the State of Qatar, the Hashemite Kingdom of Jordan, the United Arab Emirates, the Republic of Indonesia, the Islamic Republic of Pakistan, the Republic of Türkiye, the Kingdom of Saudi Arabia, and the Arab Republic of Egypt expressed their strongest condem»»»

Doha, Qatar: The Ministers of Foreign Affairs of the State of Qatar, the Hashemite Kingdom of Jordan, the United Arab Emirates, the Republic of Indonesia, the Islamic Republic of Pakistan, the Republic of Turkiye, the Kingdom of Saudi Arabia, and the Arab Republic of Egypt express their strongest c»»»

Cairo, Egypt: Egyptian Prime Minister HE Mostafa Madbouly met with the CEO of Qatari Diar, Sheikh Hamad bin Talal Al-Thani, to discuss the latest developments in the Alam Al Roum development project on Egypt’s north coast. The Prime Minister emphasized the importance of the Alam Al Roum project, de»»»

RIYADH: Saudi food and retail group Savola reported a 36 percent increase in 2026 first-half net profit, driven by stronger operational performance in its food processing business and resilient retail performance despite a competitive market environment. Net profit rose to SR401 million ($106.9 mil»»»

RIYADH: S&P Global Ratings has cut its 2026 forecast for Middle East sustainable bond issuance to $15 billion-$20 billion, citing geopolitical volatility and weaker market conditions. The ratings agency had previously projected issuance of $20 billion-$25 billion for the year. First-half 2026 issua»»»

Doha, Qatar: The Qatar national junior chess team delivered an impressive performance at the Arab Junior and Youth Chess Championship in Egypt, winning one gold, one silver and one bronze medal as the tournament concluded yesterday The championship, organised by the Egyptian Chess Federation under »»»