The Iraqi protesters who briefly suspended their activities in Baghdad's Tahrir Square last week to watch their national football team playing Iran on a large television screen erupted with joy as their players finally secured a 2-1 win over Iran to (...)
Sources at the Arab League say that Saudi Arabia has decided to postpone the date of the Arab-African summit, set to be held on 25 November in Riyadh.
An official source at the General Secretariat of the Arab League said that the Kingdom, as the (...)
The International Theatre Without Fund Festival (TWFF) opened its 10th edition on Sunday at the Bibliotheca Alexandrina's grand hall with a short documentary and a music performance.
"The philosophy of the festival is imagination, not money," said (...)
Kuwait's caretaker prime minister Sheikh Jaber al-Mubarak declined to be reappointed as premier on Monday, the state news agency KUNA reported, rebuffing the offer from the ruling emir after submitting the government's resignation last week.
The (...)
Kuwait's prime minister has submitted his cabinet's resignation to the ruling emir of the Gulf Arab state, a government spokesman said on Thursday.
The resignation came after Kuwaiti lawmakers on Tuesday submitted a motion for a no-confidence vote (...)
The national football teams of Saudi Arabia, the UAE and Bahrain will participate in the upcoming Gulf Cup to be held in Qatar from 24 November to 6 December, according to separate statements published overnight by the Saudi, UAE and Bahrain (...)
The West celebrated 9 November the 30th anniversary of the fall of the Berlin Wall, an event that was a turning point in the post-World War II era. The division of Europe between East and West came to an end, and two years later the former Soviet (...)
There has hardly been any positive news coming out of Iraq in nearly four decades and after the bloody eight-year war with Iran (1980-1988) that left millions of Iraqis killed, injured or missing in one of the bloodiest and longest wars of the 20th (...)
It was confirmed this week by the Iranian media, quoting a Foreign Ministry spokesman, that Iranian President Hassan Rouhani has sent letters to the leaders of the Gulf Cooperation Council (GCC) countries and Iraq, officially proposing plans (...)
The 11th Edition of FTTH Council MENA Conference highlighted the importance of fiber optic infrastructure and its role at 5G deployment to homes, businesses, and institutions.
In return, this will significantly contribute to fostering the economic (...)
Kuwaiti investment holding company (Ekuity) has acquired a 30 percent stake in Egypt's Nile Aluminum and Metals Company (AluNile), from the Ezdehar Egypt Mid-Cap Fund.
"Ekuity is on the continuous lookout for quality investment opportunities in the (...)
Chairman of the Administrative Control Authority (ACA) Sherif Seif El-Din emphasized on Wednesday that Egypt-France relations are witnessing remarkable development, particularly in anti-corruption field thanks to shared visions on issues of common (...)
The Arab countries investments in the Egyptian market have increased to $ 444.4 million at the end of June 2019, compared to $ 316.8 million at the end of March growing $ 127.6 million, according to the Central Bank of Egypt.
Qatar topped the Arab (...)
Egypt ranked 114th among the 190 countries surveyed by the World Bank's annual Doing Business Report this year, which is six places higher than last year. It is also among the 42 countries that introduced regulatory reforms that have facilitated (...)
Saudi Aramco aims to announce the start of its initial public offering (IPO) on November 3, three people with direct knowledge of the matter told Reuters, after delaying the deal earlier this month to give advisers time to secure cornerstone (...)
Kuwait Fund for Arab Economic Development (KFAED) signed an agreement worth KD26 million ($85.3 million) with Egypt to finance the a tunnel road in Sharm El Sheikh.
The scope of works includes the construction of a road running about 350 km long to (...)
Political uncertainty and volatile oil prices are hindering economic growth in the Middle East this year, but trends should reverse next year, according to a new report released Monday by the International Monetary Fund.
The IMF's regional outlook (...)
Emirates NBD Egypt has granted Farm Frites Egypt a short-term loan worth $28 million to open a new factory in 10th of Ramadan City.
The factory, spanning an area of 9,300 square metres, has a production capacity of 50,000 tonnes per year with total (...)
Egypt has jumped six places to 114th out of 190 countries in the World Bank's 2020 business rankings, from 120th in the 2019 report.
"The Arab Republic of Egypt made starting a business easier by abolishing the requirement to obtain a certificate of (...)
Oil was little changed Tuesday as lingering worries over a global economic slowdown that could hurt oil demand offset some signs of progress in U.S.-China trade talks.
Brent crude oil futures were down 6 cents, or 0.1 percent to $58.90 a barrel by (...)
Egypt's Prime Minister Moustafa Madbouly and Kuwaiti counterpart Sheikh Jaber Al Mubarak Al Hamad Al Sabah on Monday witnessed the signing of a $1 billion deal to fund the second phase of Sinai development programme.
The two premiers also witnessed (...)
The international community needs to revise its deterrence strategies and examine whether economic solutions are the correct way to address political problems, many commentators say. It needs to look for alternative policies to replace the existing (...)
A government plan to impose a 10 per cent tax on capital gains on stock-exchange trades in May 2020 is soon to be reviewed by the cabinet and parliament. The plan was temporarily shelved in 2015 and 2017.
The Egyptian Capital Market Association (...)
Oil eased on Monday amid persistent concerns about the global economic outlook and the impact on oil demand, while Russia again missed its target to cut oil output last month.
Global benchmark Brent crude oil futures fell by 10 cents, or 0.2 (...)
The total volume of Kuwaiti investments has exceeded 9 billion Egyptian pounds ($554.7 million) with 1100 companies operating in the Egyptian market, Adel Nasser, Secretary General of the Federation of Chambers of Commerce.
The companies are working (...)
