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 »»»

On 29 July, a drone struck a floating American storage and regasification unit at Damietta Port on Egypt’s Mediterranean coast, setting it ablaze. The fire spread to a Greek-owned LNG tanker anchored nearby. The port is central to Cairo’s plan to turn Egypt into an energy hub for the Eastern Medite»»»

Arab Finance: Modon Misr and Mwasalat Misr signed an investment and shareholders’ agreement to establish Mwasalat Modon Misr, a company to operate smart and sustainable transportation systems across Egypt’s new urban cities, as per a statement. Modon Misr is affiliated with the New Urban Communitie»»»

The left-wing Democratic upstart set to contest a critical US Senate seat in November's mid-term elections is a charismatic 41-year-old who once said he would have been a cab driver in Egypt but for an "accident of history." Abdul El-Sayed on Wednesday sealed the Democratic Party's nomination to ru»»»

Egypt and Greece on Wednesday called for a peaceful settlement and a comprehensive agreement between the United States and Iran, saying such a deal is essential to reduce tensions and prevent the regional conflict from widening as negotiations continue over the reopening of the Strait of Hormuz. Th»»»

Arab and Islamic foreign ministers agreed on Wednesday to launch a joint operational mechanism to document Israeli violations in Jerusalem, warning that escalations at holy sites could provoke a religious conflict with global repercussions. Meeting in Amman at the invitation of Jordan, the Arab Min»»»

The ministers of water resources and irrigation, industry, and military production have held an expanded meeting to develop an integrated framework for sustainable water management in Egypt’s industrial sector, with a focus on improving water-use efficiency and localising technologies for industria»»»

Egypt and Europe today are closer than geography or trade balances suggest. Gaza, the energy crisis, migration, climate change, and disrupted supply chains reveal, almost daily, that Egypt’s stability and Europe’s security are two sides of the same coin. This convergence now rests on a clear instit»»»

Egypt’s Minister of Health and Population, Khaled Abdel Ghaffar, and Minister of State for Military Production Salah Gomblat held a meeting to review progress on jointly implemented national healthcare projects, with both sides pledging to accelerate completion of ongoing works and expand future co»»»

Amman: The meeting of the Arab Ministerial Committee tasked with mobilizing international action in response to illegal Israeli policies and measures in occupied Jerusalem, held in Jordan on Wednesday, issued a joint statement following the meeting. The statement read as follows: At the invitation »»»

AMMAN: The meeting of the Arab Ministerial Committee tasked with mobilizing international action in response to illegal Israeli policies and measures in occupied Jerusalem, held in Jordan on Wednesday, issued a joint statement following the meeting. The statement read as follows: At the invitation »»»

RIYADH: ADNOC Distribution expects its acquisition of Shell Downstream South Africa’s portfolio to begin contributing to the company’s financial flows after the deal closes in the first half of 2027, according to CEO Bader Saeed Al-Lamki. Completion of the deal will proceed in line with procedures »»»

Amman: The State of Qatar participated in the meeting of the Arab Ministerial Committee tasked with mobilizing international action in response to illegal Israeli policies and measures in occupied Jerusalem, held Wednesday in Amman, Jordan. Prime Minister and Minister of Foreign Affairs HE Sheikh M»»»

AMMAN: Prime Minister and Minister of Foreign Affairs HE Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani met with Minister of Foreign Affairs, International Cooperation, and Egyptians Abroad in the Arab Republic of Egypt HE Dr Badr Abdelatty, on the sidelines of the meeting of the Arab Minister»»»

AMMAN: The State of Qatar participated in a meeting of the Arab Ministerial Committee tasked with international action to confront illegal Israeli policies and measures in occupied Jerusalem, held in the Jordanian capital, Amman. The Qatari delegation was headed by Prime Minister and Minister of Fo»»»

Egyptian President Abdel Fattah Al-Sisi held a phone call on Wednesday with Greek Prime Minister Kyriakos Mitsotakis, expressing Egypt’s solidarity with Greece over the devastating wildfires while discussing bilateral cooperation and regional developments. According to the Egyptian presidency, Al-S»»»

Diamond Motors–Mitsubishi Motors Egypt has partnered with automotive marketplace Eltawkeel.com, making Mitsubishi’s new vehicle lineup available for online purchase through the platform as part of efforts to expand digital sales channels in the Egyptian market. The partnership allows customers to b»»»

Amman: Prime Minister and Minister of Foreign Affairs HE Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani, met with the Minister of Foreign Affairs, International Cooperation and Egyptian Expatriates of the Arab Republic of Egypt HE Dr. Badr Abdelatty. The meeting took place on the sidelines of »»»

MANCHESTER: Mohamed Salah was greeted by cheering Trabzonspor fans in Istanbul on Wednesday as he closed in on a move to the Turkish club. The Liverpool icon wore the team’s blue and burgundy striped shirt after flying in on a private jet to complete the deal. Earlier he was filmed aboard the jet p»»»

Dubai: Planning a holiday could expose travellers to more than just flight delays and lost luggage. Cybersecurity experts are warning that scammers are increasingly targeting people booking flights, hotels and transport online, using fake websites and apps that mimic trusted travel brands to steal »»»

"The Russian Export Center (REC, VEB.RF Group) has expanded its overseas network by opening an official representative office in Brazil. The office is located in Rio de Janeiro and is headed by Anton Kaunov," the REC press release stated. The new division is designed to accelerate the entry of Russ»»»

Dubai: Employees of the Arab Monetary Fund and their families will receive access to discounts at luxury hotels, gyms, sports academies and other leisure and service providers through a new agreement with Nirvana Travel & Tourism. Sign up for our daily business newsletter, Cheques & Balances.Nirvan»»»

Prime Minister Mostafa Madbouly reviewed efforts by the Sovereign Fund of Egypt (TSFE) to maximize returns on state-owned assets, reaffirming the government’s commitment to transforming underutilized public assets into sustainable investment opportunities through strategic partnerships with the pri»»»

Doha, Qatar: Al Markhiya Gallery opened yesterday the ‘Networks Part 4’ exhibition at the Katara Cultural Village. Organised in partnership with Hafez Gallery in Jeddah, Saudi Arabia, the exhibition showcases artworks by 13 visual artists from Qatar and across the Arab world. The lineup includes ho»»»

Dubai: ADNOC Distribution reported a record net profit of $568 million for the first half of 2026, up 59% from a year earlier, supported by higher fuel sales, network expansion, inventory gains and growth across its non-fuel retail business. Sign up for our daily business newsletter, Cheques & Bala»»»

ISTANBUL: Mohamed Salah is in “transfer negotiations” with Trabzonspor and is expected to arrive in Turkiye on Wednesday for talks, the Black Sea club said Tuesday. The Egyptian star left Liverpool at the end of last season after an illustrious nine-year spell at Anfield, during which he won the Ch»»»