How the World Cup is boosting the Arab hospitality sector
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»»»
Qatar Education Minister receives Arab Social Responsibility Award
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 »»»
DHS secretary celebrates Iran’s exit from World Cup with ‘happy dance’
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»»»
EGX Falls While Dollar IPO Strategy Broadens Egypt’s Market Appeal
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»»»
Africa Global Logistics plans MTO for Egytrans NOSCO Arab Finance For Information Technology
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»»»
Eni announces the operation of three new drilling rigs
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»»»
El-Sisi Accelerates Suez Canal Shipbuilding Strategy as Exports Reach Europe
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»»»
Egypt reaches IMF staff-level agreement, taking total funding to $7.2bn
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 Sees Egyptian Pound Rising to EGP46 Against Dollar Within 12 Months
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»»»
EGX Slides as Egypt Accelerates Biggest Petroleum IPO Drive in Years
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»»»
EGX Ends Difficult Week as Foreign Buyers Offset Domestic Selling
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»»»
Merchant Pricing or Consumer Power? Who Will Ultimately Shape Egypt’s Markets?
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 & Credit Libanais
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 Hotel Group Targets EGP50bn Expansion to Add 3,500 Rooms
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 Film Institute supports 48 projects from 39 countries in Spring 2026 grants programme
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 of Netanyahu: The man who shaped modern Israel
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»»»
‘We expect greater expansion of investments with Saudi Arabia,’ Egypt’s irrigation minister says
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»»»
West Bank suffering its largest displacement crisis since 1967, UN Security Council told
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»»»
Egypt’s Foreign Minister Underlines Importance of Complete Israeli Withdrawal
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»»»
Macut meets with Civil Aviation Directorate representatives
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»»»
Orbán’s new Jerusalem cultural base emerges in luxury district, but funding and documents are hidden
A newly established Hungarian cultural institution in Jerusalem has drawn attention after reports revealed a lack of publicly available documentation on its legal status, financing and operations. According to investigative reporting by Átlátszó, the academy appears to function as part of Hungary’s»»»
Egypt, Afreximbank discuss expanding partnership to support startups
Minister of Planning and Economic Development Ahmed Rostom held talks with Afreximbank Executive Vice President Haytham al-Maayergi on strengthening cooperation under the strategic partnership between Egypt and the African Export-Import Bank. The meeting, held in Cairo, was attended by Amr al-Abd, »»»
Will World Cup failure usher in moment of reckoning for Saudi football?
RIYADH: As the clock ticked down on Saudi Arabia’s 0-0 draw with Cabo Verde, and on their 2026 World Cup campaign, the online backlash was in full swing. A toothless display against the first-time participants meant the national team would be packing and heading home at the end of the tournament’s »»»
Hyksos-era settlement and cemetery complex uncovered in Egypt's Ismailia
Dubai: Egyptian archaeologists have uncovered a Second Intermediate Period settlement comprising tombs, homes, storage facilities and industrial installations in the Tell El Koa archaeological site in Ismailia Governorate, offering fresh insights into life in the eastern Nile Delta during the Hykso»»»
USD/EGP exchange rates continue falling on June 28th Arab Finance For Information Technology
Arab Finance: The exchange rates between the USD and EGP declined on Sunday, June 28th, hitting EGP 49.37 for buying and EGP 49.47 for selling at the National Bank of Egypt (NBE) and Banque Misr. Meanwhile, the US dollar traded at EGP 49.25 for purchase and EGP 49.35 for sale at the Commercial Inte»»»
Bokra, Geidea partner to expand digital savings access for merchants in Egypt Arab Finance For Information Technology
Arab Finance: Bokra has partnered with digital payments provider Geidea to offer digital savings products to more than 200,000 merchants across Geidea's network in Egypt, as per an emailed press release. The partnership will enable merchants to access Bokra's digital savings solution, which allows »»»
NBE pens €50M financing agreements with AFD to boost agricultural sector Arab Finance For Information Technology
Arab Finance: The National Bank of Egypt (NBE) signed two financing agreements totaling €50 million with the French Development Agency (AFD), along with a €4 million grant, under the Sustainable Agricultural Finance Program (SASME 2). The signing, which took place on the sidelines of the celebratio»»»
EGX sees temporary listings of 4 state-owned firms under state IPO program Arab Finance For Information Technology
Arab Finance: Egypt has temporarily listed four state-owned companies on the Egyptian Exchange (EGX), including three from the petroleum sector, as part of the state's initial public offering (IPO) program aimed at broadening private-sector participation, as per a statement. The four companies are »»»
Egypt, Rwanda discuss strengthening cooperation on digital transformation
Raafat Hindi, Egypt’s Minister of Communications and Information Technology, received Paula Ingabire, Rwanda’s Minister of ICT and Innovation, to discuss ways of strengthening cooperation between the two countries in the fields of digital transformation, artificial intelligence (AI) and digital cap»»»
Arab African Advisers concludes Egypt’s Clusters Regulatory Framework Support project under EU-funded programme
Arab African Advisers has completed the Clusters Regulatory Framework Support project in Egypt, a key pillar of the EU-funded EuroMed Clusters Forward programme. The initiative, implemented by ANIMA Investment Network in partnership with Berytech, spans seven Southern Mediterranean countries–Egypt,»»»
AOI medical subsidiary secures international ISO certification to boost local manufacturing, exports
The Arab Organization for Industrialization (AOI) announced that its subsidiary, the Arab African Medical Industries Company, has obtained the internationally recognized ISO 13485:2016 certification for medical device quality management systems, marking a significant milestone in Egypt’s efforts to»»»
Farid says Egypt to revamp startup funding, considers new sovereign fund mechanism to bridge financing gap
Egypt is developing its startup financing ecosystem by updating regulations for convertible securities and improving company valuation methodologies, while the Sovereign Fund of Egypt studies a new investment mechanism to support late-stage startups, the country’s investment and foreign trade minis»»»
Egypt calls for global partnership on non-conventional water
Egypt’s Minister of Water Resources and Irrigation, Hani Sewilam, called for a global partnership on non-conventional water resources and increased financing for water projects in developing countries during a preparatory meeting for the 11th World Water Forum, scheduled to be held in Riyadh in Mar»»»
Egypt calls for joint Arab water projects, expands cooperation with Saudi Arabia
Egypt’s Minister of Water Resources and Irrigation, Hani Sewilam, called for jointly financed Arab water and climate projects to strengthen regional water security, while holding talks with Saudi officials to expand bilateral cooperation in water management. According to a ministry statement, Sewil»»»
Egypt coordinates with Somali and Yemeni officials to free sailors on hijacked MT Eureka
Egypt’s Ministry of Foreign Affairs is coordinating with authorities in Somalia and Yemen to secure the release of Egyptian sailors held aboard the hijacked transport vessel MT Eureka off the Somali coast. Foreign Minister Badr Abdelatty has directed daily monitoring of the incident, instructing th»»»
Industry minister discusses Schneider Electric’s expansion plans, local manufacturing strategy
Egypt’s Minister of Industry, Khaled Hashem, met with Sebastien Riez, CEO of Schneider Electric for North East Africa and the Levant, to discuss the company’s current and future expansion plans in the Egyptian market, as well as opportunities to deepen local manufacturing and increase the domestic »»»
Private sector to account for 59% of total investment in FY2026/27: Planning minister
Ahmed Rostom, Minister of Planning and Economic Development, said on Monday that the government adopted an economic and social development plan for the 2026/27 fiscal year that targets increasing the private sector’s share of total investment to around 59%. Rostom made the remarks during the launch»»»
Egypt, Switzerland sign $1.7m grant for e-waste recycling project
Egypt and Switzerland have signed a 1.4m Swiss franc ($1.7m) grant agreement to launch a project aimed at building a national system for the sustainable management of electronic waste, supporting the country’s transition to a circular economy and expanding green industries. The agreement was signed»»»
Opinion | Dividends and Divides: Appraising the Social Aspect of Egypt’s New Fiscal Budget
In the coming weeks, a new two-pound coin and revised one-pound coin will enter circulation, marking the latest update to the Livre Égyptienne. Intended to minimise minting costs, streamline fare collection and curb metal melting, the reforms appear modest when set against a state budget projected »»»
Qatar wins several awards at Arab Women in Diplomacy forum
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»»»
Seven voices from Arab world captivates audiences at Cineteca Nacional de las Artes theatre
Tribune News Network Mexico City and Doha This month, the main theatre of Cineteca Nacional de las Artes served as a window onto contemporary Arab cinema. The Doha Film Institute (DFI) presented a curated selection of seven films it has supported in recent years, a programme that brought together p»»»
Doha Film Institute backs 48 bold new voices in 2026 Spring Grants cycle
Tribune News Network Doha Doha Film Institute (DFI) has announced the recipients of its 2026 Spring Grants cycle, reaffirming its commitment to championing independent cinema and empowering the next generation of filmmakers shaping the future of global storytelling. The latest cycle supports 48 pro»»»
DR Congo beat Uzbekistan and fly to World Cup round of 32
Congo defeated Uzbekistan 3–1, securing a place in the World Cup knockout stage. The victory means nine of the tournament's ten African teams have advanced to the next round, joining South Africa, Morocco, Senegal, Ivory Coast, Cape Verde, Egypt, Algeria and Ghana. For some teams, including Congo, »»»
Turkey police detain dozens at LGBT+ Pride event in Istanbul
Turkish police on Sunday detained at least 50 people, including a journalist, during a LGBT+ Pride event in Istanbul that went ahead despite a ban by local authorities. Homosexuality is not illegal in Turkey, but since 2015, the annual Pride march has been almost systematically banned and supp»»»
Turkey police detain dozens at LGBTQ+ Pride event in Istanbul
Turkish police on Sunday detained at least 50 people, including a journalist, during a LGBTQ+ Pride event in Istanbul that went ahead despite a ban by local authorities. Homosexuality is not illegal in Turkey, but since 2015, the annual Pride march has been almost systematically banned and sup»»»
30/04/2017 Tenders
Utomobiles & Auto Parts Client : Petroleum Gases Company “Petrogas” Address : 140, Toman Bey Street, Zaitoun, Cairo Tender : General tender No. 184/2016/2017 for supply of rubber tyres of different sizes Tender documents : EGP2,000 A bid bond of EGP90,000 to be submitted Opening envelopes : 3-5 -20»»»
Golden Harvest: Egypt's Mango Season in Focus Arab Finance For Information Technology
As temperatures rise each summer, the arrival of mango season becomes one of the most anticipated times of the year in Egypt. Renowned for their rich flavor, vibrant colors, and refreshing taste, mangoes are a seasonal favorite enjoyed by households across the country. Beyond their cultural and cul»»»
England, Portugal eye top spots as World Cup group stages wrap up
Los Angeles, United States: England and Portugal will aim to finish on a high as the World Cup group stages draw to a close on Saturday with the final places in the knockout rounds up for grabs. Both nations have been inconsistent in the opening rounds of the tournament, alternating between laboure»»»
African countries see SMRs as key to future nuclear development
A growing number of African countries are viewing the SMR technology as a way to expand electricity access and support long-term economic development, says analyst. What: SMRs are increasingly being seen as the future of nuclear power in Africa. Why: The rise of SMRs could help African countries cl»»»
Egypt coach optimistic about Salah
Seattle: Egypt coach Hossam Hassan said he was optimistic about the health of Mohamed Salah despite the star striker's second-half exit during his country's 1-1 World Cup draw with Iran. The result meant Egypt qualified for the knock-out last-32 round at the World Cup by finishing second in Group G»»»