Egypt’s FDI Boom: A New Economic Chapter Amid Wider Trade Deficit
Egypt experienced a remarkable surge in foreign direct investment (FDI) inflows, reaching an unprecedented $46.1 billion in the fiscal year 2023/2024, as reported by the Central Bank of Egypt (CBE). This is a significant leap from the $10 billion recorded the previous year, reflecting a robust inte»»»
Arab leaders convene for the ‘Second Arab Conference’
by Amal Saeed The Second Arab Conference began last Sunday in Cairo, organised by the Arab Federation for Human Resources Development in cooperation with the Arab Urban Development Institute, with the participation of 70 Arab countries. Ayman El Gendy, director-general of the Union, said: “The conf»»»
Pakistani media outlets cite sources connected to the negotiations: Next few days will be crucial in determining the course and outcome of the Iranian-American negotiations - Al-Manar TV Lebanon
Secretary's SpeechLebanon PalestineZionist EntityRegional and International International More Video Language Ar En Fr EsSubscribe for Weekly Updates Subscribe Pakistani media outlets cite sources connected to the negotiations: Next few days will be crucial in determining the course and outcome of »»»
Saudi Arabia backs Bahrain’s security measures
RIYADH: Saudi Arabia on Sunday expressed support for measures taken by Bahrain to safeguard its security and preserve its sovereignty, the Kingdom’s Foreign Ministry said on Sunday. “The Ministry of Foreign Affairs expresses the Kingdom of Saudi Arabia’s support for the sovereign measures taken by »»»
Rubio to visit Rome, meet Pope Leo after Trump row
ROME: US Secretary of State Marco Rubio will meet Pope Leo on a trip to Rome this week, in the wake of the pontiff’s clash with President Donald Trump, a Vatican source said Sunday. The source confirmed Italian media reports about the meeting, which newspapers said would take place on Thursday in a»»»
Al-Nassr slip to defeat against Al-Qadsiah as title hopes take a hit
DAMMAM: Al-Nassr suffered their first Saudi Pro League defeat since January after a 16-game winning run that had taken them to the top of the table with a five-point cushion, as Al-Qadsiah earned a 3-1 victory at the Prince Mohammed bin Fahad Stadium on Sunday. Brendan Rodgers’ Al-Qadsiah became th»»»
Rubio to visit Rome, meet Pope Leo after Trump row
ROME: US Secretary of State Marco Rubio will meet Pope Leo on a trip to Rome this week, in the wake of the pontiff’s clash with President Donald Trump, a Vatican source said Sunday. The source confirmed Italian media reports about the meeting, which newspapers said would take place on Thursday in a»»»
Islamic Resistance fighters targeted a gathering of Israeli enemy army vehicles and soldiers in the town of Al-Bayyada with artillery shells, achieving confirmed hits: statement 10 - Al-Manar TV Lebanon
Secretary's SpeechLebanon PalestineZionist EntityRegional and International International More Video Language Ar En Fr EsSubscribe for Weekly Updates Subscribe Islamic Resistance fighters targeted a gathering of Israeli enemy army vehicles and soldiers in the town of Al-Bayyada with artillery shell»»»
Al-Shaibani, al-Shaar discuss investment and cooperation with Egyptian businessmen
Cairo, May.3 (SANA) Minister of Foreign Affairs and Expatriates Asaad Hassan al-Shaibani and Minister of Economy and Industry Nidal al-Shaar discussed in Cairo with a number of Egyptian businessmen ways to enhance economic and investment cooperation between Syria and Egypt. The meeting focused on a»»»
Experts: German-Syrian forum boosts technology transfer, skills development
Damascus, May 3 (SANA) Two economic experts stressed that the German-Syrian Economic Cooperation Forum represents an important opportunity to transfer technology and develop human resources, while strengthening economic ties between Damascus and Berlin. They noted that the forum provides a platform»»»
Al-Shaibani, Al-Shaar discuss with Syrian businessmen in Egypt investment in Syria
Cairo, May.3 (SANA) Minister of Foreign Affairs and Expatriates Asaad Hassan al-Shaibani and Minister of Economy and Industry Nidal al-Shaar met with a number of Syrian businessmen in Egypt. The meeting discussed challenges facing investment in Syria and the opportunities available, with emphasis p»»»
Germany’s Merz says not ‘giving up on working with Donald Trump’
BERLIN: German Chancellor Friedrich Merz said Sunday he would not give up on working with US President Donald Trump, despite a spat between the leaders over the war in Iran. “I am not giving up on working on the transatlantic relationship,” Merz told public broadcaster ARD in an interview set to ai»»»
A Serbian bird-watching group uses crowdfunding to buy and preserve a woodland habitat
PLANDISTE: The merry chirping of birds echoed through towering trees in a small woodland in northeastern Serbia. Down on the ground, animal tracks could be seen imprinted in the moist grass and moss. The 5-acre (2-hectare) piece of land, dubbed the Nightingale’s Forest, is a rare patch of thick gre»»»
What We Are Reading Today: ‘Introduction to Topology and Geometry’ by Ciprian Manolescu
Topology and geometry are branches of mathematics with applications in fields ranging from physics and chemistry to computer science and economics. This textbook offers a rigorous yet accessible approach to the subject that integrates key concepts while providing a robust toolkit that can serve as »»»
Germany’s Merz says not ‘giving up on working with Donald Trump’
BERLIN: German Chancellor Friedrich Merz said Sunday he would not give up on working with US President Donald Trump, despite a spat between the leaders over the war in Iran. “I am not giving up on working on the transatlantic relationship,” Merz told public broadcaster ARD in an interview set to ai»»»
UAE e-invoicing deadline looms: What businesses must do before July 1
Dubai: UAE businesses are entering a critical preparation phase as the country moves toward mandatory e-invoicing, with July 1, 2026 set as the first key deadline. By that date, companies must select an accredited service provider (ASP) to prepare for the system’s phased rollout. Get updated faster»»»
Four killed in Colombian border city as violence spikes ahead of vote
Four people were killed Sunday in the Colombian border city of Cucuta, authorities said, amid a wave of violence just weeks before presidential elections in the South American country. The attack took place around 2am local time (0700 GMT) when two armed men on a motorcycle opened fire on a group a»»»
Al-Shaibani, al-Shaar discuss economic cooperation with Egypt’s Chambers of Commerce
Damascus, May.3 (SANA) Minister of Foreign Affairs and Expatriates Asaad Hassan al-Shaibani and Minister of Economy and Industry Nidal al-Shaar discussed in Cairo with Chairman of the Federation of Egyptian Chambers of Commerce Ahmad al-Wakil ways to enhance economic and trade cooperation between S»»»
Armed men abduct a former minister and junta critic in Mali, his family says
BAMAKO: A former Malian minister and critic of the ruling junta was abducted from his home by armed, hooded men, one of his family members told The Associated Press Sunday, as fallout spreads from a wave of armed attacks against the government in the conflict-battered West African nation. Mountaga »»»
Man Utd beat Liverpool to secure Champions League place
Manchester, United Kingdom: Manchester United secured Champions League football next season as Kobbie Mainoo's strike earned a thrilling 3-2 victory over old rivals Liverpool on Sunday. United were 2-0 up inside 15 minutes through Matheus Cunha and Benjamin Sesko, but imploded after the break to al»»»
Three die on Atlantic cruise ship from suspected hantavirus: WHO
Three people have died on a cruise ship in the Atlantic, the WHO said Sunday, one a confirmed case of hantavirus -- an illness usually transmitted to humans from rodents. The outbreak occurred on the MV Hondius, travelling from Ushuaia in Argentina to Cape Verde. Get updated faster and for FREE: Do»»»
Iran says that U.S. has responded to its peace proposal - UPI.com
The United States on Sunday responded to Iran's latest proposal to end the U.S.-Isreali war there, which has led to tankers like the pictured Indian-flagged carrier unable to transit the Strait of Hormuz. File Photo by Divyakant Solanki/EPA May 3 (UPI) -- Iran said on Sunday that it is reviewing th»»»
'Hot Wheels Speed City' event concludes with over 75,000 visitors
DOHA: Qatar Calendar concluded its Hot Wheels Speed City event, the first of its kind in Qatar, after 34 days of thrilling activities that welcomed over 75,000 visitors.Qatar Tourism confirmed in a statement that this family-oriented event offered a diverse mix of interactive zones, including Spe»»»
Sheikha Hind celebrates a year of achievement and witnesses the largest graduation cohort at Hamad Bin Khalifa University
Doha: Her Excellency Sheikha Hind bint Hamad Al Thani, Vice Chairperson of Qatar Foundation and Chairperson of the Board of Trustees, Hamad Bin Khalifa University, attended the commencement ceremony of Hamad Bin Khalifa University’s Class of 2026. This year's graduation marked a significant milesto»»»
Tourism emerges as key driver of investment and economic activity in Syria
Damascus, May 3 (SANA) Syria’s tourism sector is increasingly positioning itself as a major engine for stimulating markets and attracting investment, amid ongoing economic transformations across the country. The sector is no longer limited to leisure activities but has evolved into an integrated in»»»
Jerusalem Christians worried but not surprised by attack on nun
JERUSALEM: Footage of an attack on a Catholic nun in Jerusalem shocked the world when it went viral this week, but for worshippers attending Sunday mass at Saint Stephen’s Basilica, it was just the latest example of mounting religious hostility. The attack on Tuesday was captured by CCTV and shared»»»
Kimi Antonelli wins the Miami Grand Prix for his third straight F1 victory
MIAMI GARDENS: Kimi Antonelli won the Miami Grand Prix on Sunday for his third consecutive Formula 1 victory as the 19-year-old Mercedes drivers continued to show he’s a legitimate championship contender. Antonelli started from the pole but had a slick start on a damp surface at the Miami Internati»»»
Jerusalem Christians worried but not surprised by attack on nun
JERUSALEM: Footage of an attack on a Catholic nun in Jerusalem shocked the world when it went viral this week, but for worshippers attending Sunday mass at Saint Stephen’s Basilica, it was just the latest example of mounting religious hostility. The attack on Tuesday was captured by CCTV and shared»»»
Evans caps Berlin double-header with victory after Muller wins Saturday thriller
BERLIN: Mitch Evans claimed victory in Sunday’s Berlin E-Prix, the eighth round of the Formula E season, as the Jaguar driver delivered a perfectly timed late charge to win the second race of the double-header at Tempelhof Airport Street Circuit. Evans spent much of the race managing energy outside»»»
MOI inaugurates Traffic Week 2026
Doha: The Traffic Week 2026 kicked off Sunday through a traffic awareness exhibition organized by the Ministry of Interior (MOI), represented by the General Directorate of Traffic, at Place Vendome Mall, with the participation of relevant entities. The event aims to enhance road safety and promote »»»
5 mega projects transforming Dubai
Dubai is rewriting its future in the language of innovation — where the word “impossible” has no place in its urban lexicon. As major global cities pursue expansion, Dubai chooses reinvention. The emirate is witnessing a new construction boom driven by five transformative mega projects that are red»»»
Man Utd beat Liverpool to secure Champions League place
MANCHESTER: Manchester United secured Champions League football next season as Kobbie Mainoo’s strike earned a thrilling 3-2 victory over old rivals Liverpool on Sunday. United were 2-0 up inside 15 minutes through Matheus Cunha and Benjamin Sesko, but imploded after the break to allow Arne Slot’s »»»
Where We Are Going Today: Place Restaurant in Jeddah
During the weekend, a friend invited me to discover a new burger spot, Place, located on Prince Sultan Road in Jeddah. Upon stepping inside, the restaurant gives off a grab-and-go vibe, though there is a dine-in area on the second floor. The interior follows a minimalist style designed in white and»»»
Riyadh governor receives Uzbekistan FM
RIYADH: Riyadh Gov. Prince Faisal bin Bandar received Minister of Foreign Affairs of Uzbekistan Bakhtiar Saidov in his office at the Al-Hakam Palace on Sunday. During the reception, they exchanged cordial talks and discussed a number of topics of common interest, the Saudi Press Agency said in a re»»»
Saudi project clears 1,009 explosive devices in Yemen
RIYADH: Members of Saudi Arabia’s Masam project removed 1,009 explosive devices from various regions of Yemen last week. These include 928 unexploded ordnances, 78 anti-tank mines, and three anti-personnel mines, according to a recent report. The explosives were planted indiscriminately across the »»»
Hayy Jameel hosts diverse arts, community initiatives in Jeddah
RIYADH: In April, Art Jameel presented a diverse cultural and artistic program at Hayy Jameel, reflecting the vibrancy of Jeddah’s creative scene. The program combined artistic performances, practical training and community initiatives. It strengthened the presence of contemporary arts and deepened»»»
Syrian, Egyptian officials discuss regional security in Cairo
LONDON: Syrian Foreign Minister Asaad Al-Shaibani and his Egyptian counterpart Badr Abdelatty held official talks in Cairo on Sunday to discuss various aspects of bilateral cooperation. Al-Shaibani and Abdelatty were joined by Syrian Minister of Economy and Industry Nidal Al-Shaar and Egyptian Mini»»»
German fertilizer makers and farmers struggle with Iran war fallout
WITTENBERG: As Iran’s closure of the Strait of Hormuz roils the global economy, one German town has been scrambling to help make up the shortfall in essential supplies of fertilizers. Wittenberg is home to a chemical plant founded in 1915, in the midst of WWI. At that time, the aim was to produce n»»»
Three die after virus outbreak on Atlantic cruise ship
Three die after virus outbreak on Atlantic cruise ship Just nowShareSaveAdd as preferred on GoogleTinshui Yeung BBCThe MV Hondius was sailing from Argentina to Cape Verde Three people have died after a suspected virus outbreak on a cruise ship sailing in the Atlantic, the World Health Organization »»»
Relatively hot to moderate weather expected tonight
Doha: Weather inshore until 6am on Monday will be relatively hot to moderate, the Department of Meteorology said in its daily weather report. Offshore, conditions will be fine, the report added. Winds inshore will be northeasterly to northwesterly at 03 to 13 knots. Offshore, winds will be northeas»»»
U.S. hits crude oil export record as war keeps Strait of Hormuz closed - UPI.com
As the price market price of a barrel of oil has increased significantly since the U.S.-Israeli war in Iran started two months ago and Iran blocked the Strait of Hormuz in response, the United States has become the world's biggest exporter of oil. File Photo by John Angelillo/UPI | License Photo Pr»»»
Troops raid more towns in West Bank
PRISTNA: Israeli forces on Sunday carried out a series of incursions into several towns and villages north of Tulkarm, in the occupied West Bank, including the towns of Saida, Attil, Ellar, and Deir Al-Ghusun. Local sources said the forces stormed and searched dozens of homes, damaging contents and»»»
Monterra Developments launches EGP 25bn Monterra Bay in Egyptian-Russian partnership
Monterra Developments has entered Egypt’s real estate market through an Egyptian-Russian partnership, launching its first project, Monterra Bay, on the North Coast with investments estimated at EGP 25bn. CEO Mohamed Maamoun said the partnership combines financial investment with technical expertise»»»
Egypt, Syria discuss boosting bilateral ties, reject Israeli violations
Egyptian Foreign Minister Badr Abdelatty and Syrian Foreign Minister Asaad Al-Shaibani discussed strengthening bilateral ties and coordinating on regional developments during talks in Cairo, with Egypt reaffirming support for Syria’s unity and rejecting Israeli violations of its sovereignty. In a s»»»
K Developments launches EGP 1.5bn Palencia Plaza in Shorouk City
K Developments has launched Palencia Plaza, a mixed-use project in Shorouk City, east Cairo, with investments estimated at EGP 1.5bn. The development forms part of the company’s expansion strategy in commercial, administrative, and medical real estate. Chairperson Omar El-Fayoumi said the project r»»»
Arady Misr commences AI-powered ‘Masri’ for Egypt’s land market analysis
Arady Misr for Planning and Project Management has announced the launch of “Masri”, an artificial intelligence agent designed to organize and analyze Egypt’s land market. According to the company, the system aims to move the market away from fragmented information and individual assessments toward »»»
Trump casts doubt on Iran proposal despite renewed push to end conflict
US President Donald Trump said he will review Iran’s latest proposal to end the war but voiced strong scepticism over its prospects, signalling that significant differences remain despite renewed diplomatic efforts to contain the escalating regional conflict. Speaking to reporters in Florida, Trump»»»
Egypt’s economic trajectory reassuring and balanced, finance minister says
Egypt’s economic trajectory is “reassuring” and maintains a strict balance between stimulating production and exports while ensuring fiscal discipline, Minister of Finance Ahmed Kouchouk said. Speaking at a new round of the Egyptian-European economic dialogue in Cairo, Kouchouk said the government »»»
Livingyards unveils EGP 30bn portfolio, eyes revenues above EGP 50bn
Livingyards has announced that the total investment value of its project portfolio has exceeded EGP 30bn, with targeted revenues projected to surpass EGP 50bn in the coming years. As part of its growth strategy, the company appointed Abdullah Lotfy as Managing Director to strengthen operations and »»»
Sovereign Fund of Egypt selects EFG Hermes to manage 20% Misr Life Insurance stake sale
The Sovereign Fund of Egypt has selected investment bank EFG Hermes to manage the offering of an approximate 20% stake in state-owned Misr Life Insurance on the Egyptian Exchange. The target date for executing the offering is before the end of the second half of this year, according to estimates fr»»»