Standard Chartered Forecasts EGP49 Dollar Rate by the end of 2026
CAIRO — Egypt’s economic outlook received a vote of confidence from Standard Chartered, which expects the Egyptian pound to strengthen to around EGP49 per US dollar by the end of 2026, supported by ongoing economic reforms, resilient capital inflows and easing external pressures. The forecast, high»»»
Anwar Gargash calls UAE-India relations a diplomatic success story, highlighting booming trade, investment and tech partnership
Dubai: The strategic development of relations between the UAE and India over the past decade represents an unprecedented diplomatic success story, Dr. Anwar Mohammed Gargash, Diplomatic Adviser to the UAE President, said. In a post on his X account, Gargash attributed the transformation to the ambi»»»
China Sanctions Philippine Defense Chief for 'Irresponsible Remarks'
China announced on Thursday sanctions against the Philippines' defence minister over "irresponsible remarks", escalating tensions between Beijing and Manila as they grapple with maritime disputes. Gilberto Teodoro and his spouse and child will be banned from entering China's mainland, Hong Kong and»»»
Somali referee barred from US receives hero’s welcome at home (VIDEO)
Omar Artan, who was set to become the first Somali to referee a FIFA World Cup match but was denied entry by the US, has been honored as a national hero upon his return home. The 34-year old was detained for some 11 hours by US immigration officials before being sent back to Istanbul, despite havin»»»
Health sleuths are watching for disease threats during the World Cup
WASHINGTON: While millions of soccer fans cheer or groan over World Cup matches spanning North America, health officials will be on high alert for germs. A heat wave may be the most obvious health threat. But infectious diseases can spread in a crowd, and experts are set to scrutinize wastewater, h»»»
China sanctions Philippine defense chief for ‘irresponsible remarks’
BEIJING: China announced on Thursday sanctions against the Philippines’ defense minister over “irresponsible remarks,” escalating tensions between Beijing and Manila as they grapple with maritime disputes. Gilberto Teodoro and his spouse and child will be banned from entering China’s mainland, Hong»»»
Syrian finance minister, Islamic Development Bank discuss development financing
Damascus, June 11 (SANA) Syrian Finance Minister Mohammed Yisr Barnieh met representatives of the Islamic Development Bank (IsDB) to discuss financing for development projects and potential support for the government’s “Syria Without Camps” initiative, the Finance Ministry said on Thursday. The tal»»»
French Vendée Globe champion Charlie Dalin dies at 42
France's Charlie Dalin has died from cancer at the age of 42, his family announced on Thursday, one year after he sailed to a spectacular victory in the Vendée Globe. Dalin won the round-the-world race weeks after being diagnosed with a rare form of gastrointestinal cancer. Renowned French yac»»»
Sheikh Hamdan approves new digital economy initiatives
Dubai: Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, Chairman of The Executive Council of Dubai, and Chairman of the Higher Committee for Future Technology Development and the Digital Economy, chaired a meeting of the Committee.»»»
Hegseth has said that US military will be “hitting Iran hard” tonight
The US has carried out strikes in Iran for the second consecutive day as President Donald Trump seeks to pressure Tehran into accepting his peace terms. Explosions and impacts were reported across southern and central Iran hours after US Secretary of Defense Pete Hegseth said US Central Command (CE»»»
US and FIFA officials targeting Arab and Muslim World Cup players and fans, community leaders tell Arab News
CHICAGO: Arab and Muslim American leaders have accused the Customs and Border Protection agency and FIFA World Cup officials of targeting players from the Arab and Muslim worlds. Even before the tournament began, the US began denying entry to prominent players and referees from Arab and Muslim nati»»»
UAE firms count $500,000 losses from operational disruption
Dubai: A majority of UAE organisations have lost more than $500,000 from operational disruptions over the past two years, exposing gaps between confidence in business continuity plans and actual recovery performance. Sign up for our daily business newsletter, Cheques & Balances.New research from Op»»»
The endgame: Can Trump bomb Iran into a peace deal?
Dubai: Fresh exchanges of fire between the United States and Iran have pushed the conflict into its most dangerous phase yet and raised a question that goes far beyond the latest battlefield developments: Can President Donald Trump bomb Iran into accepting a peace deal? The Trump administration app»»»
Why Bahrain has long been in Iran's crosshairs
The latest Iranian attacks on Kuwait and Bahrain are part of a wave of cautious escalation between the United States and Israel on one side and Iran on the other, even as Washington and Tehran appear close to agreeing on a final formula to halt the war, at least according to US President Donald Tru»»»
Trump vows 'very hard' strikes on Iran, seizure of oil facilities
President Donald Trump on Thursday said the U.S. would hit Iran "VERY HARD TONIGHT," threatening in a social media post to "assume total control" of Iran's oil and gas industries, including the key Kharg Island, in the "not too distant future." The post come after the U.S and Iran traded strikes fo»»»
Carbon dioxide removal slow to take off, alarming scientists
Milan, Italy: Carbon dioxide removal experts have sounded the alarm in Milan this week over a shortfall in research and investment in the nascent sector viewed as essential for mitigating climate change. Still marginal and costly, CO2 removal, known as CDR, consists of extracting the greenhouse gas»»»
Government press conference: PM Magyar on anti-corruption reforms, EU funds, public services, meeting Zelensky, obstructing opposition
Hungarian Prime Minister Péter Magyar launched a sharp attack on Fidesz and the KDNP during Thursday’s official government press conference, accusing the former governing parties of obstructing anti-corruption reforms and jeopardising billions of euros in European Union funding. The press conferenc»»»
Global investors turn to UAE markets as foreign trading rises in Abu Dhabi and Dubai
Dubai: Global investors are increasing their focus on UAE capital markets as Abu Dhabi and Dubai report stronger trading activity, higher foreign participation and sustained demand for listed opportunities despite regional volatility. Sign up for our daily business newsletter, Cheques & Balances.Fo»»»
Rashid Villages vision moves closer to reality
Dubai: Sheikh Mohammed bin Rashid bin Mohammed bin Rashid Al Maktoum, Chairman of the Supervisory Committee of Rashid Villages, chaired the second meeting of the Supervisory Committee of Rashid Villages, reviewing progress on the project and follow-up work across its different phases. The meeting f»»»
Aoun says will not pull out of negotiations despite pressure
President Joseph Aoun said Thursday that he would always choose the state and that Lebanon will not pull out of negotiations with Israel despite pressure. "Our choice remains the State, as it protects us all, and we must be convinced that we are a sovereign nation," Aoun said. "We will continue (to»»»
Kremlin Says Concerned About New Round of Escalation Around Iran, Calls for Restraint
MOSCOW (Sputnik) - Russia is concerned about a new round of escalation around Iran and calls on the parties to exercise restraint, Kremlin spokesman Dmitry Peskov said on Thursday. "We are concerned about this, and we call on all parties to this conflict to exercise restraint," Peskov told reporter»»»
Russia Plays Key Role in Middle East De-Escalation – Bahraini Foreign Minister
MOSCOW (Sputnik) - Russia holds a pivotal position in international endeavors to defuse the Middle East conflict and uphold state sovereignty, Bahraini Foreign Minister Abdullatif bin Rashid Al Zayani said on Thursday. "We attach great importance to international efforts aimed at de-escalation and »»»
Work underway to clear up sticking points before Washington talks, report says
The U.S. supports the Lebanese demands in direct talks with Israel in Washington, a senior political source said. The source told Nidaa al-Watan newspaper, in remarks published Thursday, that the U.S. pressured Israel to retract a previously proposed draft declaration of intent, in favor of the Leb»»»
Musk's SpaceX IPO holds both promise and peril
BusinessUnited States of AmericaMusk's SpaceX IPO holds both promise and perilSrinivas MazumdaruElon Musk’s rocket and AI company presents potential for investors. But its futuristic, unproven plans also carry significant financial risks. https://p.dw.com/p/5F9CkSpaceX's ultimate goal is to coloniz»»»
Saudi Arabia has confidence of global investment community, banking event told
RIYADH: Saudi Arabia has secured the confidence of the global investment community despite ongoing regional volatility, a major banking conference heard this week. Speaking at HSBC’s GCC Exchanges Conference in London, senior executives from the Kingdom’s financial sector said investors remain comm»»»
EGX Slides as Investors Shift Focus to Egyptian Debt
Equity Market Retreats as Treasury-Bill Demand Highlights Confidence in Egypt’s Macroeconomic Outlook Cairo — Egyptian equities posted their sharpest decline in weeks on Wednesday as widespread selling pressure erased much of the market’s recent gains, even as foreign investors continued to increas»»»
Saudi debt offerings rise to $4.29bn in Q1
RIYADH: Completed debt offerings reached SR16.13 billion ($4.29 billion) in Saudi Arabia in the first quarter of 2026, marking an annual rise of 22 percent according to the Capital Market Authority’s quarterly statistical bulletin. The figure for the first three months of the year also represented »»»
SpaceX IPO holds both promise and peril
BusinessUnited States of AmericaSpaceX IPO holds both promise and perilSrinivas MazumdaruElon Musk’s rocket and AI company presents potential for investors. But its futuristic, unproven plans also carry significant financial risks. https://p.dw.com/p/5F9CkSpaceX's ultimate goal is to colonize and e»»»
Saudis trade $64.5bn in US markets in Q1 2026
RIYADH: Saudi investors’ trading in US stocks through financial institutions licensed by the Capital Market Authority grew during the first quarter of this year, marking the seventh consecutive quarter of year-on-year growth. According to the financial analysis unit of Al-Eqtisadiah newspaper, base»»»
Private jets, Bentleys, sex parties and a $100m fraud case: Indian-origin US financier held
Dubai: An Indian-origin financier living a luxury lifestyle of private jets, designer clothing and high-end cars has been arrested in the United States on allegations that he defrauded a bank out of nearly $100 million by falsifying insurance records and misleading lenders. Mahender Makhijani, 44, »»»
MP Angel Georgiev Describes Case Against Him as Politically Motivated
Vazrazhdane MP Angel Georgiev on Thursday accused prosecutors of pursuing a politically motivated case against him after Acting Prosecutor General Vanya Stefanova requested the continuation of criminal proceedings related to allegations that he assaulted a protected public official. Speaking to rep»»»
Egypt tourism revenues rise 14.9% to $14.4bn in first 9 months of fiscal year
RIYADH: Tourism revenues in Egypt recorded an annual rise of 14.9 percent during the first nine months of the fiscal year, reaching approximately $14.4 billion, the country’s prime minister revealed. Speaking at a weekly cabinet meeting Mostafa Madbouly also revealed remittances from Egyptians work»»»
Israeli strikes kill 12 in Lebanon as Netanyahu urges fight against Hezbollah
Lebanon's health ministry said Israeli airstrikes in southern Lebanon killed 12 people on Wednesday, as Israeli Prime Minister Benjamin Netanyahu urged Lebanese citizens to join Israel's fight against Hezbollah. A border town said two municipal employees detained by Israeli forces were later releas»»»
Digital dependency and social media: How screen time shapes users’ daily life and productivity
Doha, Qatar: As we enter an increasingly digital age, almost everyone has a social media account. Different platforms cater to a wide range of professions and interests, spanning from entertainment and leisure to politics and news. As daily life becomes more digitalised and even the simplest forms »»»
'I am a prisoner of conscience': Ali Karimli, the opposition figure defying Azerbaijan’s regime
Azerbaijan’s opposition leader Ali Karimli, a former secretary of state, goes on trial in Baku on Wednesday for an alleged "attempted coup". Karimli spoke to FRANCE 24 from prison, where he slammed the charges against him as "entirely fabricated and politically motivated" and warned that he risked »»»
Iran says water supply restored to thousands cut off after US strikes
TEHRAN: Water supply to villages in southern Iran have been restored after US strikes hit reservoirs, state television reported on Thursday, in what Iranian officials described as a “war crime.” Water and desalination facilities, particularly in southern Iran and across its Gulf neighbors, have bee»»»
Economic Ministerial Group reviews reform program, inflation trends
Prime Minister Mostafa Madbouly chaired a meeting of the Economic Ministerial Group at the government headquarters in the New Capital on Tuesday, June 10, 2026, to review a number of priority economic issues and developments. The meeting was attended by Deputy Prime Minister for Economic Affairs Hu»»»
Timur Turlov’s Freedom Holding Corp: From a niche broker to a global fintech player
Who is Timur Turlov? Where did his billions come from? And how did he turn a small brokerage firm into a transnational financial ecosystem? Freedom Holding Corp. is a Kazakhstan-born international fintech company listed on the Nasdaq and valued at nearly $9 billion. In recent years, the company - w»»»
Middle East conflict and energy shock slow growth across EBRD regions
The economic fallout from the conflict in the Middle East is expected to slow growth across emerging Europe, Central Asia and parts of Africa and the Mediterranean, as higher energy costs reignite inflation, weaken industrial competitiveness and strain already fragile public finances, the European »»»
South Korea’s Lee, EU leaders reject North Korea nuclear status - UPI.com
South Korean President Lee Jae Myung (C) is walking with Ursula von der Leyen (R), president of the European Commission, and Antonio Costa, president of the European Council, ahead of their summit in Brussels on Wednesday. Photo by Yonhap SEOUL, June 11 (UPI) -- South Korean President Lee Jae Myung»»»
Dubai Basketball fall in game 3, remain a win away from historic ABA League title
DUBAI: Game 3 of the 2025-26 ABA League Finals saw Dubai Basketball suffered an 84-70 defeat by Partizan in Belgrade on Wednesday night. Despite the loss, however, Dubai Basketball continue to lead the best-of-five finals series 2-1 and remain just one victory away from securing their first ABA Lea»»»
India's many territorial disputes and their impact on its economic potential
For much of the 26 years since the beginning of the millennium, India has aimed at becoming a rising economic power by way of first becoming a service centered hub and gradually shifting towards becoming a centre of manufacturing. However, many of these ambitions have hit the wall of geop»»»
Vodafone Qatar launches ‘Business WiFi Pro’
Doha: Vodafone Qatar announced the launch of Business WiFi Pro, a managed WiFi solution designed to deliver enterprise-grade connectivity to small and medium-sized businesses (SMBs) across Qatar. Business WiFi Pro is designed to simplify how businesses set up and operate their networks. The service»»»
EU’s new asylum regime begins amid delays, legal risks and fears of mass detention
New EU asylum rules come into force on Friday (12 June), spanning 10 legislative files that have taken years to develop, as far-right forces gain momentum amid a wider backlash against migration. The European Commission has framed the package as a major policy achievement, despite uneven implementa»»»
France target third title with star-studded squad
Doha, Qatar: As the 2026 FIFA World Cup gets underway, two-time world champions France are heading to the tournament with high expectations. The Les Bleus have built a reputation for consistently competing at the highest level and once again arrive as one of the favourites to lift football’s bigges»»»
Iran Says US Strikes Render Ceasefire 'Meaningless,' Talks on Funds Mechanism Still on Track
Iran's foreign ministry condemned on Thursday the latest US strikes on the country, saying the attacks rendered the nearly two-month ceasefire "practically meaningless.” In a statement, the ministry said "the illegal and criminal attacks perpetrated by the United States in recent hours not only con»»»
From tears of glory to tears of heartbreak: Story behind every FIFA World Cup final
Doha, Qatar: From Uruguay captain Jose Nasazzi becoming the first man to lift the Jules Rimet Trophy in Montevideo in 1930 to Lionel Messi fulfilling his lifelong dream beneath the lights of Lusail Stadium in Qatar in 2022, FIFA World Cup finals have produced some of the most unforgettable moments »»»
Gymnasts from Kyrgyzstan win medals at Aerojack International Tournament - | 24.KG
Young athletes from Kyrgyzstan successfully competed at the Aerojack International Aerobics and Aerobic Gymnastics Competition in Novosibirsk, winning gold, silver, and bronze medals in individual and group events. According to team coach Amalia Akhtyamova, more than 300 athletes from Russia, Kazak»»»
Argentina ready for title defence
Doha, Qatar: Argentina head into the 2026 FIFA World Cup aiming to defend the title they won so memorably in Qatar four years ago, carrying the confidence of a team that has enjoyed one of the most successful periods in its football history. La Albiceleste arrive as reigning world champions after l»»»
The EU's enlargement dilemma
The European Union is edging towards the biggest rethink of its enlargement policy in decades as Russia’s war in Ukraine, fears of institutional paralysis and growing frustration in the Western Balkans force European leaders to confront a question once considered largely theoretical: how to expand »»»