Dubai: DP World has launched Egypt’s first fully integrated logistics distribution centre at Sokhna Logistics Park, giving global companies a single hub to serve Egypt, Africa, the Gulf and Europe. Sign up for our daily business newsletter, Cheques & Balances.The new centre is located next to Sokhn»»»

Seattle: Youri Tielemans scored the latest winner in World Cup history as Belgium mounted an incredible comeback from two goals down to beat Senegal 3-2 and qualify for the last 16 of the World Cup on Wednesday. Senegal appeared on course for a first win in a World Cup knockout match since their 20»»»

US Homeland Security Secretary Markwayne Mullin, whose agency was responsible for enforcing controversial security measures targeting the Iranian soccer team at the World Cup, has said the job made him dance with joy and he was happy Iran was eliminated. Iran exited the tournament, which the US is »»»

DALLAS, USA: Mohamed Salah remains in ‌a race to be ready for Egypt’s last 32 clash with Australia in Dallas on Friday with the forward continuing his recovery from a hamstring strain sustained in the 1-1 draw with Iran. The Egyptians are in the knockout rounds for the first time after group phase »»»

LONDON: Military leaders from Syria and Lebanon joined for the first time commanders from across the Middle East at a United States defense conference on Wednesday. The regional security dialogue was held in the Bahraini capital, Manama, and led by US Central Command, which coordinates military ope»»»

Cairo: President of the Arab Republic of Egypt HE Abdel Fattah El-Sisi received the credentials of HE Sheikh Jassim bin Abdulrahman bin Mohammed Al-Thani as Ambassador Extraordinary and Plenipotentiary of the State of Qatar to Egypt. HE the Ambassador conveyed greetings of HH the Amir Sheikh Tamim »»»

Abu Dhabi: Senior government leaders from across Abu Dhabi gathered today at the iconic Zayed National Museum for the launch press conference of LIVEX 2026, the emirate's inaugural Livability and Investment Exhibition. The event brought together senior government figures for a keynote and two high-»»»

BEIRUT: Heavyweight boxing is entering a new era after Oleksandr Usyk’s decided to stand down as unified champion and sent his belts to different parts of the world. That’s given a bunch of globally unheralded fighters the chance to emerge from the shadows in the sport’s glamor division. Usyk recen»»»

PARIS: Marking its first participation at Vision Golfe, Saudi Arabia’s Athar festival is making its international ambitions clear. The event is looking to engage new partners, speakers and international visitors as it continues to expand and elevate the global profile of Saudi Arabia’s creative eco»»»

Arab Finance: IBM has named Tamer El Kholy as General Manager for North East Africa, succeeding Marwa Abbas, who previously oversaw the company's operations across Egypt and the wider North East Africa region, as per a press release. El Kholy will be responsible for IBM's strategy and operations ac»»»

Broad market recovery coincides with renewed foreign appetite for Egyptian debt and diversified sovereign funding strategy Cairo — Egyptian equities staged a broad recovery on Tuesday, 30 June, as buying returned across the market after recent losses, with gains in both blue-chip and small-cap stoc»»»

Ihab Saeed, managing Director at Osool ESB Securities Brokerage, said that Egyptian Exchange (EGX) benchmark index EGX30 is facing a new support level at 7425 points, during this week’s trading. In case it failed to remain above it, it will probably keep falling downward at 7280 points. In a statem»»»

Cairo, Egypt: The Shura Council participated in the plenary session of the Arab Parliament, held at the headquarters of the General Secretariat of the League of Arab States in Cairo. The Shura Council was represented at the session by HE Amina bint Youssef Al Jaidah, HE Nasser bin Mohammed Al Nuaim»»»

Egypt’s parliamentary Economic Affairs Committee has called on the National Investment Bank (NIB) to submit a comprehensive development strategy—or a timetable for completing one—as lawmakers seek greater clarity over the institution’s future role in managing state-owned assets under the country’s »»»

On July 1, 1867, Canada became a self-governing state within the British Empire. 1 of 7 | On July 1, 1867, Canada became a self-governing state within the British Empire File Photo by Paul Hanna/UPI | License Photo July 1 (UPI) -- On this date in history: In 1847, the first U.S. postage stamps were»»»

Doha: The Katara Cultural Village Foundation has announced the shortlist of 18 works for the 12th edition of the Katara Prize for Arabic Novel. The shortlist, presented in alphabetical order, includes works in the categories of published and unpublished novels, young adult novels, historical novels»»»

The Arab Petroleum Pipelines Company, widely known as SUMED, has announced an impressive net profit of $192 million for the year 2024. This financial milestone reflects a robust return on paid-in capital of 32.1%, as highlighted by Eng. Mohamed Abdel Hafez, Chairman and Managing Director of SUMED, »»»

Arab Finance: PARAGON | ADEER is presenting Sumou Boulevard, its EGP 70 billion mixed-use development in Mostakbal City, at the 20th edition of the Nile Property Expo in London, as the company expands its outreach to Egyptian expatriates and UK-based investors, as per a press release. The 500,000-s»»»

On 20 June 2020, Egyptian President Abdel Fattah al-Sisi drew a red line around the Libyan cities of Sirte and al-Jufra, threatening to intervene militarily if Türkiye-backed forces crossed it. In so doing, he set Cairo on a collision course with Ankara. A year earlier, after the former Egyptian Pr»»»

How will the increase in gasoline and diesel prices affect prices of other commodities? Will the Government be able to control the markets and prevent the traders from raising prices? Is it possible to increase gasoline and diesel prices while other products’ price remain unaffected? What would hap»»»

Dubai: Nine children drowned and two others injured after a three-wheeled cargo vehicle carrying children and young workers plunged into the Nag Hammadi Canal in Abu Tig district of Egypt's Assiut governorate on Tuesday, authorities said. Police said they received reports that the vehicle had falle»»»

Arab Contractors, the esteemed Egyptian construction firm, has inked a substantial agreement to spearhead housing projects in Equatorial Guinea. This development is part of Equatorial Guinea’s ambitious national strategy to construct 100,000 housing units, underscoring a vital collaboration between»»»

QNA Cairo Minister of Education and Higher Education HE Lolwah Al Khater has been awarded the Arab Woman Excellence Shield for Social Responsibility 2026 in recognition of her leadership and contributions to education and community service at the national, regional and international levels. Accordi»»»

CAIRO: A motorized tricycle plunged into a canal in southern Egypt on Tuesday, killing nine children and injuring two others, local officials said. The tricycle fell into the water in the area of Abu Tig in the southern province of Assiut, according to a statement the governor’s office posted on Fa»»»

Egypt has announced a series of measures to strengthen care for patients living with rare diseases, including expanding early screening programmes, establishing a national patient registry, and creating a dedicated funding mechanism, during the launch of the country’s first national forum dedicated»»»

Egypt is set to begin allocating newly acquired mobile spectrum to telecommunications operators in July, marking the next phase of the country’s record US$3.5 billion spectrum agreement signed earlier this year to expand network capacity and support future digital services. The National Telecommuni»»»

Cairo: The State of Qatar won several awards at the International Forum of Arab Women in Diplomacy, organized by the General Secretariat of the League of Arab States at its headquarters in Cairo today, in cooperation with the Arab Council for Social Responsibility, coinciding with the International»»»

Egyptian Customs Authority and its Russian counterpart have signed agreements of mutual administrative assistance and protocols for cooperation in field of value and subsequent review between customs authorities. The two sides have also signed protocols to exchange information about the value of th»»»

Egyptian banks are intensifying competition for Egyptian pound deposits as strengthening demand for local-currency lending prompts lenders to secure additional funding to support expanding credit activity. Several state-owned and private banks have recently increased returns on selected savings pro»»»

LONDON: The World Health Organization evacuated 85 individuals from the Gaza Strip on Tuesday, with assistance from the Palestine Red Crescent Society, to receive medical treatment abroad. The evacuation of 30 patients and 55 companions began at the society’s Al-Mawasi field hospital in Khan Younis»»»

Football may well be the people’s opiate. Few spectacles rival it for drama or debate, as evidenced by this year’s FIFA World Cup, hosted jointly by Mexico, the United States, and Canada. With the elation and heartbreak comes spending. Whereas once fans crossed deserts, now they cross oceans to wat»»»

Cairo: Minister of Education and Higher Education HE Lolwah Al Khater has been awarded the Arab Woman Excellence Shield for Social Responsibility 2026 in recognition of her leadership and contributions to education and community service at the national, regional and international levels. According »»»

WASHINGTON: US Homeland Security Secretary Markwayne Mullin celebrated Iran’s elimination from the World Cup, ‌saying he did a “happy dance,” Sports Business Journal reported on Monday. The Iranian team barely missed out on reaching the knockout rounds of the tournament. They drew all three of thei»»»

Cairo — Egyptian equities closed mixed on Monday, with the benchmark EGX30 falling below the 50,000-point level as foreign selling weighed on blue-chip stocks, while small- and mid-cap shares advanced and investors assessed Egypt’s plan to internationalise parts of its state IPO programme through d»»»

Arab Finance: The Egyptian Transport & Commercial Services Co. (Egytrans NOSCO) has received notification from Africa Global Logistics of its intention to submit a mandatory tender offer (MTO) to acquire the company's shares, paving the way for its voluntary delisting from the Egyptian Exchange (EG»»»

Italian energy behemoth Eni has announced the commencement of operations for three new drilling rigs. These rigs, slated to become operational next week, will enhance production capabilities for the Egyptian Agiba Petroleum Company. The announcement was made by Eni’s CEO, Claudio Descalzi, during a»»»

President Abdel Fattah El-Sisi has reinforced Egypt’s ambition to transform the Suez Canal Authority (SCA) from a global waterway operator into a regional maritime manufacturing and export hub, as the Authority secured its first exports of locally built tug boats to Europe while reporting a recover»»»

RIYADH: Egypt reached a staff-level agreement with the International Monetary Fund that could unlock another $1.64 billion in funding, taking total program disbursements to about $7.2 billion. The agreement covers the seventh review under the Extended Fund Facility and the second review under the R»»»

Goldman Sachs expects the Egyptian pound to strengthen steadily over the next 12 months, forecasting the exchange rate to reach EGP46 per US dollar, as improving external financing conditions, stronger foreign exchange reserves and easing regional geopolitical tensions support the currency’s outloo»»»

Cairo — Egyptian equities opened the new trading week with broad-based losses as foreign and Arab investors turned net sellers amid weaker regional sentiment and continued pressure on blue-chip stocks. Yet beneath the market’s sharp decline, the Egyptian government accelerated one of its most ambit»»»

Cairo — Egyptian equities ended the trading week on a weaker note as profit-taking by domestic investors and subdued liquidity continued to weigh on blue-chip shares, while foreign and Arab investors remained net buyers, reinforcing confidence in Egypt’s medium-term investment outlook despite short»»»

Egypt’s consumer markets are witnessing a growing confrontation between rising prices and increasingly organized consumer resistance. As households struggle with persistent inflation and declining purchasing power, boycott campaigns have emerged as an unconventional market force, challenging mercha»»»

EFG Hermes’s BOD approved adopting necessary steps to sell 9.4 million shares of its 40 per cent stake in Credit Libanais, for 33 dollars per share to a group of Arab and Lebanese investors. It is expected that these procedures will be concluded by June 30 -maximum. EFG Hermes’s BOD approved as wel»»»

Egypt’s state-owned Holding Company for Tourism and Hotels is preparing to add about 3,500 hotel rooms over the next five years through investments estimated at EGP50 billion, according to an exclusive report by Al Arabiya Business citing people familiar with the matter. If implemented, the program»»»

Doha, Qatar: The Doha Film Institute (DFI) has announced the recipients of its 2026 Spring Grants programme, awarding support to 48 film projects from 39 countries as part of its continued commitment to nurturing independent cinema and emerging filmmaking talent from Qatar, the Middle East and arou»»»

Thirty years ago, on June 18, 1996, Benjamin Netanyahu became prime minister of Israel for the first time. His victory in the May 29, 1996 election was a moment of profound political reorientation for the Israeli state. Against the backdrop of Yitzhak Rabin’s assassination, the crisis of the Oslo p»»»

JEDDAH: Egypt’s Minister of Water Resources and Irrigation, Hani Sewilam, said Saudi Arabia and Egypt continue to strengthen cooperation, particularly in water desalination and reuse, to enhance water and food security in both countries. Speaking to Al-Eqtisadiah during Saudi Water Week 2026 in Jed»»»

NEW YORK CITY: The West Bank is experiencing its largest displacement crisis since 1967, the UN Security Council heard on Monday. It came as officials and humanitarian agencies warned of an entrenched and unlawful Israeli occupation, while the US accused the world body of ignoring atrocities commit»»»

A phone call took place between the Speaker of Parliament, Mr. Nabih Berri, and the Minister of Foreign Affairs of the Arab Republic of Egypt, Dr. Badr Abdelatty, during which they discussed developments in Lebanon and the region. Minister Abdelatty reiterated Egypt’s keenness on stability in Leban»»»

BELGRADE - Serbian PM Djuro Macut met on Monday with representatives of the Serbian Civil Aviation Directorate to discuss current affairs and challenges in the civil aviation sector. "The Prime Minister emphasised the importance of continuously improving the regulatory framework and international c»»»