Egypt targets 5.4% growth as Suez Canal revenue rebounds 23%: minister
CAIRO: Egypt is aiming for economic growth of at least 5.4 percent in fiscal year 2026/27, with manufacturing, technology and a recovering Suez Canal expected to drive the expansion, according to the country’s planning minister. “What we should watch next is our continuing the momentum of our growt»»»
Visit Qatar brings Power Slap to Doha for the first time
Doha, Qatar: Visit Qatar will welcome Power Slap to Doha for the first time on November 19, as Power Slap 27: Quinones vs. Godfrey, presented by Monster Energy, takes over Ali Bin Hamad Al Attiyah Arena (ABHA Arena) with two championship titles on the line. Held in partnership with Visit Qatar, the»»»
Nepal ends search and rescue after flood, focuses on rehabilitation
KATHMANDU: Nepal has ended the search and rescue operation for those still missing after the devastating flood in August that killed at least 1,455 people, officials said on Monday. At least 5,285 people were still missing after the August 26 flood originating at Nepal’s border with China’s Tibet »»»
Everyone can use AI. The winners will build what comes next
As AI tools become more available, the real advantage will be capability built around them Dubai: William Gibson famously observed that "the future is already here — it's just not very evenly distributed." It is a useful lens through which to view artificial intelligence. Because AI is already here»»»
The diversification trap: Why owning more investments may not reduce risk
COMMENTYour job, property, investments, savings can expose you to risks without you realising it Many investors believe they are diversified because they own multiple funds, properties or asset classes. But true diversification extends beyond a portfolio and into a family’s entire financial life. E»»»
Euro plummets against US dollar: has the next crisis begun?
BusinessEuropeEuro plummets against US dollar: has the next crisis begun?Arthur SullivanThe euro has fallen to a 17-month low against the dollar. That will make inflation worse in the EU, where political worries and concern over French debt are already troubling investors. Is a fiscal crisis at han»»»
Bulgaria and 16 Other EU Member States Call for Cohesion Policy Funding to Be Maintained in New EU Budget for 2028–2034
Prime Minister Rumen Radev and the leaders of 16 European Union Member States called for the preservation of funding for the EU’s Common Agricultural Policy and Cohesion Policy in the next 2028–2034 Multiannual Financial Framework (MFF), the Council of Ministers said in a press release on Monday. I»»»
Rubio visits Iceland as US boosts Arctic presence
Washington, United States: US Secretary of State Marco Rubio lifted off for Iceland Monday to continue pressing US interests in the Arctic, two weeks after Washington sealed a security pact on Greenland. Rubio will meet with officials in Reykjavik "to discuss economic and security collaboration," t»»»
New policy set to strengthen CSR sector in Saudi Arabia
RIYADH: As corporate social responsibility continues to become a pivotal part of the Kingdom’s Vision 2030 landscape, particularly by bringing together the public, private and nonprofit sectors, its focus on measurable impact is growing. Speaking to Arab News on the sidelines of the Global CSR Foru»»»
Can NRIs really earn more from dollar deposits? Here’s where the risk begins
RBI’s FCNR push offers higher dollar returns, but leverage changes the risk Dubai: Every investment opportunity comes with a trade-off. At one end of the spectrum sit traditional bank deposits, valued for safety, liquidity and capital preservation. At the other end sit equities, private markets and»»»
Gold rises in Syrian market as global bullion reaches $4,160 an ounce
Damascus, Oct. 5 (SANA) Gold prices rose in the Syrian market Monday, with a gram of 21-karat gold gaining 100 Syrian pounds from Sunday’s level, according to the General Authority for Precious Metals Management. The selling price of 21-karat gold stood at 16,250 Syrian pounds ($133.20)per gram, wh»»»
US withdraws all bomber aircraft from UK airbase
WASHINGTON: The United States confirmed that it had withdrawn all B-1 bombers from the British airbase of RAF Fairford, reportedly due to “new threats,” with Britain’s government insisting on Monday the site is safe. Police were called to the base in southwest England on September 27 after a local »»»
Dubai steps up diesel and LPG inspections after unlicensed storage and transport cases
Inspections uncovered diesel stored and traded at unlicensed facilities in Dubai Dubai: The Dubai Supreme Council of Energy (DSCE) emphasised the significance of maintaining safety and compliance standards across petroleum products trading activities and fostering safe operating practices among com»»»
Dubai offers 9.2 million international seats in both directions during October
Dubai offered 4.6 million departing seats in October, 450,000 more than Heathrow Dubai: Dubai International Airport ranked first worldwide for scheduled international airline seat capacity in October, offering 4.6 million departing seats, or 9.2 million seats in both directions, according to data f»»»
‘Israel’ Tightens Grip on Al-Khalil Old City with New Iron Gates as Settler Attacks Sweep West Bank - Al-Manar TV Lebanon
Secretary's SpeechLebanon PalestineZionist EntityRegional and International International More Video Language Ar En Fr EsSubscribe for Weekly Updates Subscribe ‘Israel’ Tightens Grip on Al-Khalil Old City with New Iron Gates as Settler Attacks Sweep West Bank 05-10-2026 16:37 PM Israeli occupation »»»
UAE regulators join forces to fight financial crime in crypto
MoU strengthens intelligence sharing as UAE steps up oversight of virtual assets Abu Dhabi: The UAE Financial Intelligence Unit (UAE FIU) and Dubai’s Virtual Assets Regulatory Authority (VARA) have signed an agreement to strengthen cooperation and information sharing in the fight against financial »»»
Skills, experience and AI literacy key to graduate success
Early self-reflection, practical exposure, continuous learning can boost career readiness A degree may open the door to a career, but what candidates can do with their knowledge can determine whether they stand out, highlighted experts during a panel at Gulf News Edufair. Speakers said employers in»»»
Spain’s PM calls snap election after housing bill defeat
Defeat was just the latest political setback for the Socialist premier Pedro Sanchez Madrid: Spain’s prime minister on Monday called a snap election for November 29, after parliament rejected housing relief measures proposed by his minority government amid nationwide protests. The defeat on Friday »»»
GCC Secretary-General: Developing electricity and water systems and bolstering GCC interconnection represent strategic priority to support resource security and sustainability
Manama: Secretary General of the Gulf Cooperation Council (GCC) HE Jasem Mohamed Albudaiwi, underlined that the electricity and water sectors represent a strategic priority and a cornerstone of joint GCC action, given their pivotal role in advancing resource sustainability, securing the needs of me»»»
Saudi Water Authority reviews $1.2bn Aseer water projects
RIYADH: Saudi Water Authority President Abdullah Al-Abdulkareem inspected water projects in Aseer region, where 78 projects worth SR4.5 billion ($1.2 billion) are underway, to assess progress, SPA reported on Monday. Al-Abdulkareem met Amr Al-Omari, acting CEO of the Aseer Region Development Author»»»
ADNOC signs LNG deal to supply 2 million tonnes to Thailand from 2027
UAE energy giant expands Thailand partnership as it targets 47m tonnes of LNG by 2035 Abu Dhabi: ADNOC will supply about 2 million tonnes of liquefied natural gas (LNG) to Thailand over a multi-year period from 2027, expanding its trading relationship with Gulf Group as the UAE energy company build»»»
Pakistan fuel relief: Who gets cheaper petrol and how much?
Motorcyclists, rickshaw drivers and small-car owners get direct subsidies Dubai: Millions of Pakistanis who depend on motorcycles, rickshaws and small cars for their daily commute or livelihood are being offered subsidised petrol under a special relief scheme introduced by Prime Minister Shehbaz Sh»»»
Post-study work options key to choosing overseas education destinations
Y-Axis CEO says students need a long-term plan when choosing courses and countries Students planning to study abroad need to consider what happens after graduation before choosing a country or course, said Xavier Augustin, CEO, Y-Axis, Platinum Sponsor of Gulf News Edufair. With immigration policie»»»
Qatar Stock Exchange Index closes higher
Doha, Qatar: The Qatar Stock Exchange Index closed higher on Monday, up 99.62 points, or 1.08 percent, to 9,285.05. A total of 169,438,752 shares changed hands during the session, with trading value reaching QR 432,944,217.698 through 27,380 transactions across all sectors. Shares of 42 companies r»»»
Filip & Company assists Mozaik Investments on acquisition of several fitness centres
These transactions form part of Mozaik Investments’ strategy to develop the Urban Fitness network, a low-cost fitness concept based on the high value, low price (HVLP) model. Through these acquisitions, together with other clubs currently under development, the Urban Fitness network will grow to 15»»»
Qatar partakes in second Global CSR Forum in Saudi Arabia
Riyadh: The State of Qatar, represented by the Ministry of Social Development and Family, is participating in the second Global CSR Forum, held under the theme "From Commitment to Impact." The forum opened on Monday in Riyadh, Saudi Arabia, bringing together ministers, officials, experts, and speci»»»
Macron laments the EU’s nosedive like he’s not one of the pilots
So, big bad US President Donald Trump just successfully strong-armed French President Emmanuel Macron and the EU into dumping their precious ‘rainy day’ diesel from strategic reserves. Why? Because Trump, threatening a disastrous cutoff of diesel exports to Europe altogether, wanted to keep domesti»»»
Qatar highlights social responsibility efforts at Global CSR Forum in Riyadh
RIYADH: The State of Qatar, represented by the Ministry of Social Development and Family, is participating in the second Global CSR Forum, held under the theme 'From Commitment to Impact'. The forum opened on Monday in Riyadh, Saudi Arabia, bringing together ministers, officials, experts, and speci»»»
Global Payments Analysis: Romania accelerates in electric mobility
The expansion of charging infrastructure comes amid continued growth in Romania’s electric vehicle fleet. According to data from the General Directorate for Driving Licences and Vehicle Registrations (DGPCI), more than 7,000 new fully electric passenger cars were registered in Romania in the first »»»
Egypt, South Africa explore deeper automotive manufacturing ties Arab Finance For Information Technology
Arab Finance: Egyptian Minister of Industry Khaled Hashem and South African Trade, Industry, and Competition Minister Parks Tau discussed expanding industrial cooperation, focusing on automotive manufacturing and components, according to a statement. Building on the results of the African Automotiv»»»
Enok: Serbia among leaders in terms of oil supplies and preparedness for energy crisis
VIENNA - Preparedness for the energy crisis is more than having emergency oil stocks - Serbia, Montenegro and North Macedonia are the leaders in this regard as they already have the legislation in place and have already established physical stocks with decent volumes in terms of days of stocks, say»»»
PayPo, 4 years of BNPL in Romania: Nearly 300,000 users and over 1,000 merchants in the network
Romania was the first market into which PayPo expanded outside Poland, with the company launching its regional expansion in 2022. In the four years since it established a local presence, the number of users has increased approximately 12-fold, whilst the merchant network exceeded the 1,000 mark by »»»
Iraq approves $2.7b financing package to stimulate economy
RIYADH: Iraqi Prime Minister Ali Faleh Al-Zaidi has directed a financing package and measures totaling 3.5 trillion Iraqi dinars ($2.7 billion), aimed at stimulating the economy, financing projects, supporting the real estate, industrial and agricultural sectors, as well as settling dues owed to co»»»
Hungarian FM: Viktor Orbán’s influence still entrenched as government dismantles former system
Foreign Minister and Deputy Prime Minister Anita Orbán says Hungary is undergoing a profound transformation, but the legacy of former Prime Minister Viktor Orbán remains deeply rooted in the economy, institutions and society. FM Orbán gave an interview Hungary is undergoing a major political transf»»»
Ukraine’s Public Debt has Quadrupled under Zelensky
Ukraine's public debt had climbed to $215.55B by the end of August 2026, compared with $47.1B when Vladimir Zelensky assumed office in May 2019, according to data from Ukraine's Finance Ministry and Sputnik's calculations. International financial institutions and foreign governments now supply the »»»
Anytime Romania announces EUR 30 million investments in the next 5 years
Since the start of operations, more than two million insurance quotes have been generated through Anytime, including via its digital channels and insurance aggregators, reflecting strong consumer interest in simple and accessible ways to explore and purchase motor insurance. “The results achieved s»»»
Aramco CEO says oil inventories could take two years to rebuild
London, Oct. 5 (SANA) Global oil inventories could take as long as two years to rebuild even after the Strait of Hormuz fully reopens, Saudi Aramco Chief Executive Amin Nasser said on Monday, warning that the world’s oil supply buffer had become dangerously thin. “The system is already under strain»»»
President Says Technological Sovereignty Should Be Priority for Bulgaria
Technological sovereignty should be a priority for Bulgaria as a member of the European Union, President Iliana Iotova said on Monday in Varna, on the Black Sea, where she officially opened the international Black Sea Technology Forum. Iotova said technological sovereignty does not mean that Europe»»»
Ex-prince Andrew seeks to ‘quash’ Epstein search warrants
Andrew was arrested on February 19 on suspicion of misconduct in public office London: Disgraced ex-prince Andrew Mountbatten-Windsor has launched a legal challenge over search warrants for his royal homes issued before his February arrest, Britain’s judiciary confirmed Monday, in an unprecedented »»»
Yemen’s Rashad Al-Alimi announces all-out military campaign to retake Houthi-held areas
AL-MUKALLA: Yemen’s Presidential Leadership Council Chairman Rashad Al-Alimi on Sunday announced the launch of military operations to retake all Yemeni territory controlled by the Iran-backed Houthis, as government forces engaged in fierce fighting with the group around the strategic city of Taiz. »»»
UAE, Kuwait PMI holds firm as Egypt, Qatar private sectors weaken
RIYADH: Non-oil private-sector conditions diverged across the Middle East in September, with the UAE holding at a 20-month high and Kuwait extending its expansion for a third month, while Egypt and Qatar remained in contraction. According to the latest Purchasing Managers’ Index reports by S&P Glob»»»
The end of ERP software as we know it: Why agentic AI ERP is the most practical evolution
Intelligence, automation and adaptability are layered on top of the existing ERP system On average, large enterprises now manage more than 660 software applications, and ERP (enterprise resource planning) software remains tightly coupled to proprietary ecosystems. According to Deloitte, nearly half»»»
Japan’s Nikkei jumps more than 2% to three-month high
Tokyo, Oct. 5 (SANA) Japan’s Nikkei share average jumped more than 2% to a three-month high on Monday, led by gains in AI and chip-related stocks after a strong finish on Wall Street. The Nikkei rose 2.53% to 70,037.61 by the midday break, its highest level since early July, while the broader Topix»»»
OK, comrade: The American AI dream sounds a lot like digital communism
Donald Trump and major tech leaders from OpenAI, Anthropic, Nvidia, SpaceX, Meta and other tech companies gathered for a meeting at the White House to reach a deal on what Trump described as an “AI constitution” to ensure that frontier models do not pose catastrophic, unintended risks. In the cours»»»
Latakia Port handles more than 3.7 million tons of cargo through September
Latakia, Oct. 5 (SANA) Latakia Port handled more than 3.7 million tons of cargo in the first nine months of 2026, as vessel and cargo operations continued around the clock, the General Authority for Borders and Customs said Sunday. The port received 532 vessels through the end of September, includi»»»
Merz’s Kiev trips are political ‘pilgrimages’, ex-Austrian Foreign Minister Karin Kneissl says
German Chancellor Friedrich Merz’s repeated trips to Kiev resemble political “pilgrimages” rather than substantive policy at a time when people at home are losing trust in him, former Austrian Foreign Minister Karin Kneissl has said. Merz’s personal approval has hit a record low, with just 10% of r»»»
Romania awaits new PM nomination after S&P keeps investment-grade rating but warns on fiscal risks
Romanian President Nicușor Dan is expected to nominate a new candidate for prime minister on Monday evening, just days after S&P Global Ratings kept Romania at investment grade despite the prolonged political deadlock, while warning that further delays in forming a government could put fiscal conso»»»
Aramco chief: Hormuz oil squeeze may last two years
Aramco CEO says nearly 3b barrels lost as depleted global oil stocks face a long rebuild Dubai: The global squeeze on crude oil and refined fuel supplies is set to worsen, while rebuilding stockpiles depleted during the Strait of Hormuz crisis could take up to two years, Saudi Aramco Chief Executiv»»»
UAE Floating Hospital receives 12 new Gaza patients in Al Arish
Operation Chivalrous Knight 3 brings Gaza patients to UAE Floating Hospital in Egypt Al Arish: The UAE Floating Hospital in the Egyptian city of Al Arish has received 12 new patients and injured people from the Gaza Strip for medical care and treatment, continuing the UAE's humanitarian and medical»»»
Japanese Prime Minister pledges to cut consumption tax
Tokyo: Japanese Prime Minister Sanae Takaichi pledged, in a policy speech delivered on Monday, to cut the consumption tax on food products without issuing new bonds, in an effort to win the confidence of the markets. At the opening of the extraordinary session of parliament (the Diet), which will l»»»