Cairo, Egypt -- Egypt and Qatar are sponsoring a new round of negotiations to start Thursday in Cairo aimed at achieving "calm" in Gaza as well as a hostage release deal, an Egyptian official said. A Hamas source with knowledge of the matter confirmed the Palestinian group had agreed to the...

Doha, Qatar-- Qatar and Egypt are looking to boost trade and economic ties between the two countries, besides exploring ways to encourage investors from Qatar to widen their investment in Egypt. In this regard, Qatar Chamber First Vice-Chairman Mohamed bin Ahmed bin Twar Al Kuwari's met with Vice President of...

Hamas has for more than a week mulled the deal drawn up in its absence at Paris talks, as international pressure mounts to end the four-month war. Hamas said the proposal was aimed at "ending the aggression against our people, securing relief and shelter, reconstruction, lifting the siege on the...

Palestinian Territories - US Secretary of State Antony Blinken was due to fly to Egypt on Tuesday as part of a Middle East crisis tour seeking a new truce and "an enduring end" to the Israel-Palestine war. In Cairo, Blinken is scheduled to meet Egyptian President Abdel Fattah El-Sisi, the...

Five listings, mainly in the energy and logistics sectors, contributed 58 percent towards the total IPO proceeds raised, said the EY MENA IPO Eye Q4 2023 report. During Q4 2023, 19 IPOs raised $4.9 billion in proceeds. ADES Holding Company raised the most funds.

The Gaza health ministry said that at least 127 people were killed in Israeli strikes in the previous 24 hours in the territory. A kindergarten where families were sheltering was hit in Rafah, which is teeming with Palestinians displaced by the war, ahead of another visit to the region by...

JERUSALEM - When Fatima, an Arab Israeli married to a Palestinian from the Gaza Strip, fled Israel's bombardment of the territory, she was terrified they would run out of fuel. "We feared that the gas wouldn't be enough. The road was deserted. All the way along, we saw devastated houses,"...

Since Hamas fighters stormed across the border on October 7, Israeli forces have targeted structures in Gaza within a kilometre (0.6 miles) of the border, said Adi Ben Nun, a professor at Hebrew University of Jerusalem who has carried out an analysis of satellite imagery.

Cairo, Egypt - Egypt's antiquities ministry said on Saturday it was setting up a committee to review the restoration of Giza's Menkaure Pyramid after a public outcry over the project. A week ago, the head of Egypt's Supreme Council of Antiquities, Mostafa Waziri, posted a Facebook video showing workers setting blocks...

A Hamas source had told AFP the three-stage plan would start with an initial six-week halt to the fighting that would see more aid deliveries into Gaza. Only "women, children and sick men over 60" held by fighters would be freed during that stage in exchange for Palestinian captives in...

With inflation up at 35 percent, and amid a severe foreign currency crunch, the Egyptian pound is plunging and the US dollar has become hard to come by. The country's highly import-reliant economy, dominated by military-linked enterprises and with a fondness for infrastructure mega-projects, has been hit hard by a...

Doha, Qatar - Iran are "following our dreams" in trying to win the Asian Cup for the first time in 48 years, winger Alireza Jahanbakhsh said on the eve of Wednesday's last-16 clash with Syria. Three-time champions Iran face Syria in Qatar with a quarter-final against Bahrain or pre-tournament favorites Japan...

Taher al-Nunu, a senior Hamas official, said his group wanted a "complete and comprehensive ceasefire, and not a temporary truce." Speaking to AFP, he said that once the fighting stopped "the rest of the details can be discussed" including a hostage release. Qatar, Egypt and the US have led mediation...

Hong Kong -- The Egyptian government is mulling over the possibility of issuing bonds for the first time denominated in Emirati dirhams, Indian rupees, and Hong Kong dollars. The move is part of the ministry's pursuit of a diversified financing strategy, encompassing multiple markets, investors and financing tools. In a...

French authorities were also in touch with these four countries with the aim of negotiating a halt to hostilities between Israel and the Palestinian militant group Hamas in the besieged territory, the sources said. A security source on Friday told AFP that CIA chief William Burns would meet his counterparts...

Cairo, Egypt-- Egypt has enough reserves of wheat to last it for many months, according to Dr. Ali Al-Moselhi, the Egyptian Minister of Supply and Internal Trade. The minister said the country's reserves of wheat are sufficient for 4.2 months, oil for 5.3 months, and sugar for 5.4 months. He...

The exchange came as the head of the CIA is to meet in Europe with his counterparts from Israel and Egypt and the prime minister of Qatar with the goal of negotiating a truce and the release of the remaining hostages in the Israeli-Hamas war, US media reported. Biden also...

According to Axios, Israel has offered Hamas a two-month pause in fighting in Gaza in exchange for the release of all hostages. Vowing to crush Hamas, Israel has launched a relentless military campaign that has killed at least 25,900 people in the Palestinian territory, mostly women and children, according to...

Israel responded with a military offensive that has killed at least 25,105 people in Gaza, mostly women and children, according to the health ministry in Hamas-run Gaza. The healthcare system has almost entirely collapsed, with hospitals overwhelmed and doctors having to treat a growing number of casualties with dwindling resources.

When the first bombs rang out in Sudan, Amjad, Fatima and Mazin abandoned their paintbrushes, musical instruments and studios, leaving behind the lives they knew for unfamiliar shores. Now in Egypt, they have sought to bring back the sights and sounds of a long-lost home to an audience of about...

In a press conference with his Egyptian counterpart Sameh Shoukry, Chinese foreign minister Wang Yi said, "It is necessary to insist on the establishment of an independent, fully sovereign state of Palestine on the 1967 borders, with east Jerusalem as its capital." A joint statement from the two ministers urged...

The two will acquire 40.5% stake in the Egyptian firm.

Rafah, Palestinian Territories - Surrounded by family and friends, clapping and cheering, Gaza woman Afnan Jibril beams a brilliant smile on her wedding day, determined to celebrate even as war rages. "We are a people that love life, despite death, murders and destruction," said her father, Mohamed Jibril. Relatives were gathered...

Cairo, Egypt - Nestled in the heart of the historic capital here, a cultural center synonymous with the city's art scene has been razed, the latest heritage site torn down for contentious development projects. Authorities have been aggressively remaking parts of Cairo, a longtime cultural beacon of the Arab world, to...

Cairo, Egypt - Egypt Saturday said that navigation movement in the canal is regular from both directions, Chairman of the Suez Canal Authority Lieutenant General Osama Rabie denied allegations of any temporary suspension of navigation due to the situation in the Bab al-Mandab.‏ ‏In a statement, the Chairman of the...

They will buy 40.5% stake in TMG Holding’s hospitality business.

Manama, Bahrain – Morocco became the fifth country to join the UAE, Jordan, Egypt and Bahrain at the fourth meeting of the Higher Committee of the Industrial Partnership for Sustainable Economic Development which began on Thursday here. The Executive Committee of the now five country partnership held meetings with officials,...

As Blinken wrapped up a whistlestop tour of the region, the International Court of Justice (ICJ) heard arguments in a landmark case accusing Israel of breaching the United Nations Genocide Convention. South Africa told the top UN court that Israel's bombing campaign of the besieged Gaza Strip justified a plausible...

RIYADH, SAUDI ARABIA – The Ministry of Industry and Mineral Resources has signed four Memorandums of Understanding (MoUs) with the Democratic Republic of Congo (DRC), Egypt, Morocco, and Russia. One of the aims of these MoUs is to foster international cooperation in minerals between Saudi Arabia and these countries. According...

Cairo, Egypt -- The Egyptian government signed an agreement yesterday with a consortium led by the Saudi company ACWA Power for the largest wind energy production project in the Middle East.With investments reaching up to $1.5 billion, the project will be established in the Gulf of Suez and Jebel El-Zeit...

The man-made waterway - which officially opened in 1869 - is crucial for Egypt, earning it $9.4 billion in transit fees in the fiscal year 2022/23. Since the Iran-backed Houthis began attacking ships in response to Israel's bombardment of the Gaza Strip, companies have opted for the far longer route...

Wang's overseas travel will coincide with another trip abroad by a top Chinese official, Premier Li Qiang, this week. Li will from Sunday to Wednesday visit Switzerland, the foreign ministry said, where he will attend the World Economic Forum Annual Meeting 2024 and carry out a state visit.

Abu Dhabi, UAE-- Stock markets across the Middle East posted record highs in 2023, with combined gains of $493 billion, propelled by strong performances in the UAE and Saudi Arabia. The UAE led the charge, adding $117.5 billion to its market value, reaching $990.6 billion by the end of last...

King Abdullah, in a meeting Sunday with US Secretary of State Antony Blinken, called on the United States to press Israel for an "immediate ceasefire" and to put an end to the humanitarian crisis brought by the Gaza war. King Abdullah had also warned Blinken against "the catastrophic repercussions of...

The firm plans to incorporate one-to-one tutoring services.

Annalena Baerbock will hold talks with Israel's new Foreign Minister Israel Katz, as well as President Isaac Herzog, foreign ministry spokesman Sebastian Fischer told a regular press conference on Friday. She will also meet with Palestinian Authority president Mahmud Abbas and foreign minister Riyad al-Maliki.

Cairo, Egypt--AD Ports Group (AD Ports) has signed a contract with Egypt to build, develop, operate and maintain terminals for passengers and cruise lines at the Red Sea ports of Hurghada, Safaga and Sharm El Sheikh. The contract will also commit AD Ports Group to develop yacht and cruise ship...

Rafah, Palestinian Territories--Hunger is everywhere at Rafah zoo, in Gaza's far south, as internally displaced Palestinians seek shelter from the war between cages and animals die of starvation. "The situation is very tragic, there's no food, water, medicine, or anything," its owner Ahmed Jumaa said, a parrot perched on his shoulder....

The Al Wasl field is its first oil discovery in Egypt.

Riyadh, Saudi Arabia - Saudi Arabia, through its Ministry of Human Resources and Social Development (MHRSD), has initiated the first phase of the Skill Verification Program (SVP) in Egypt. The collaborative effort with the Egyptian Ministry of Manpower aims to improve the proficiency of professional labor and raise the standard...

Cairo, Egypt – ADIB-Egypt has launched its exclusive portfolio of Private Banking Services, providing a Shariah-compliant banking proposition for its high-net-worth clients. This personalized proposition is designed to offer a premium range of wealth management services catering to clients with account balances starting from EGP 20 million ($64 million) upwards, or...

The production started at the first well in the Gulf of Suez.

The Hamas-run health ministry here said that at least 21,672 people have been killed in the territory since the war with Israel erupted on October 7. A ministry statement said 165 Gazans were killed over the past 24 hours, while 56,165 others have been wounded in the fighting.

DUBAI, UAE – Egypt stands as the most populous Arab country with 113 million people, marking it the 14th largest population worldwide, according to a recent overview by the World Population Review and Worldometer. The data, highlighting population sizes of various countries worldwide, pointed out that the global population has...

UN chief Antonio Guterres on Friday reiterated his call for "an immediate humanitarian ceasefire", while the World Health Organization (WHO) warned of the growing threat of the spread of infectious diseases among Gazans. Hamas-run Gaza's health ministry says the Israeli military campaign since then has killed at least 21,507 people,...

Sources close to Hamas say Cairo's three-stage plan provides for renewable ceasefires, a staggered release of hostages held by Hamas in exchange for Palestinian prisoners in Israel, and ultimately a ceasefire to end the war sparked by the deadly October 7 attack on Israel. It also provides for a Palestinian...

Abu Dhabi, UAE – ADQ, an Abu Dhabi-based investment and holding company, on Thursday announced the signing of a multi-year sponsorship agreement with Pyramids Football Club (Pyramids FC), an Egyptian Premier League professional sports club. As part of the agreement, ADQ will be the Official Partner of Pyramids FC. Since its...

The Israel-Hamas war is pushing Gaza towards famine, the United Nations warned ahead of an expected Security Council vote on a resolution to boost aid to the Palestinian territory but not call for a ceasefire. Separate diplomatic efforts were also underway for a fresh pause in the worst-ever Gaza war.

Cairo, Egypt – The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has kept the current key interest rates unchanged in its final meeting of 2023.  The decision leaves the overnight deposit rate at 19.25 percent, the overnight lending rate at 20.25 percent, the main operation rate...

"Twelve martyrs and dozens of wounded, including women and children, were recovered from under the rubble when a house and a mosque were targeted hundreds of meters from Kuwaiti hospital," Gaza's health ministry.