Author: Steven Sahiounie

HC Securities and Investment is expecting the Central Bank of Egypt (CBE) to keep interest rates unchanged at its upcoming Monetary Policy Committee (MPC) meeting on July 18th

Egypt and Saudi Arabia have so far implemented 60% of their joint electrical interconnection project, with the first phase of operation to kick off in July 2025 at a cost of $1.8 billion

Minister of Petroleum and Mineral Resources Karim Badawi met with the UAE Ambassador to Cairo Mariam AlKaabi to explore ways to bolster cooperation

Egypt’s Finance Minister, Ahmed Kouchouk, reaffirmed the government’s dedication to tax stability and unveiled plans for a comprehensive tax reform strategy

Muscat: The broad money supply in Oman witnessed a growth of 12 percent on an annual basis, reaching about OMR23.6 billion by the end of April 2024.

Kuwait’s budget is projected to show a deficit of 5.6 billion dinars ($18.33 billion) for the 2024-2025 fiscal year, with expenses estimated at 24.5 billion dinars

The Syrian government stressed that massacres in the Gaza Strip are being committed before the eyes of the United States and Western countries, and denounced that so-called initiatives to stop such atrocious acts only seek to give more time to the criminal Zionist government to complete their dirty goal of exterminating the Palestinian people. “The criminal Israeli forces committed more than five massacres against the Palestinian people today, resulting in the martyrdom of more than 112 Palestinians, most of whom are children, women, the elderly and the disabled,” Ministry of Foreign Affairs and Expatriates said in a statement. It added…

The new British foreign secretary called for an immediate ceasefire in Gaza during a visit to Israel and the Palestinian territories on Sunday, his second international trip since Labour’s resounding victory in elections earlier this month.David Lammy said the ongoing war in Gaza is “intolerable” and stressed in meetings with Israeli and Palestinian leadership that Britain wants to assist with diplomatic efforts “securing a ceasefire deal and creating the space for a credible and irreversible pathway toward a two-state solution.”Lammy met Sunday in Jerusalem with Israeli Prime Minister Benjamin Netanyahu and in the West Bank city of Ramallah with Palestinian…

Türkiye on Saturday condemned Israel’s attack on Palestinians in the Al-Mawasi area of Khan Younis, Gaza, which had been designated a “safe zone,” killing dozens of civilians, displaced persons seeking shelter from relentless Israeli attacks. In a statement, the Turkish Foreign Ministry called the incident “a phase of the Netanyahu government’s effort to annihilate the Palestinians entirely.” “The fact that Israel once again opted for bloodshed when it was expected to respond to Hamas’ positive response to the cease-fire (proposal) is evidence that the Netanyahu government is trying to prevent negotiations for a permanent cease-fire,” the ministry said. Türkiye urged…

One Syrian soldier was killed in an Israeli aggression targeting several army sites around the capital Damascus early Sunday, state media SANA reported, citing a military source. “The aggression was launched from the direction of the occupied Syrian Golan, targeting several of our military sites in the southern region and a residential building in the Kafr Sousa area in Damascus,” the source said. Despite their large number of missiles, Syrian air defenses intercepted a significant number of them, the source added as per SANA. Local radio station Sham FM reported “an explosion in an ammunition depot” around the capital due to the Israeli strikes, adding…