Author: Steven Sahiounie

RIYADH: Saudi Arabia’s Tadawul All Share Index closed at 12,555.72 points on Monday, losing 62.90 points or 0.50 percent.  

In addition to the effect on tourism, attacks on Red Sea shipping have jeopardised another of the main sources of hard currency for Egypt’s struggling economy – receipts from traffic through the Suez Canal

The value of Egyptian exports hit $3.48 billion last December, down by 23% YoY from $4.52 billion

The meeting came within the framework of the ministry’s plan to achieve green transition, reduce carbon emissions, access European markets, and scale exports up

The meeting focused on the economic and commercial relations between both countries, the investment climate, and opportunities in sectors like ICT, digitalization, cybersecurity, and communication technology

This new approach was utilized to determine the Q4 2023 results and the annual figures for the same year, marking a significant shift from the previous fixed base year methodology

Egypt’s primary budget surplus will rise to above 3.5% in the fiscal year that will begin on July, finance minister Mohamed Maait said

US President Joe Biden stressed that Israeli Prime Minister Benjamin Netanyahu’s actions towards Gaza are detrimental to “Israel”, causing more harm than benefit and leading to a global backlash against the occupation entity. “He [Netanyahu] has the right to defend Israel, the right to continue to pursue Hamas, but he must, he must, he must pay more attention to the innocent lives being lost as a consequence of the actions taken,” Biden said in an interview to the MSNBC broadcaster, adding that in his opinion, Netanyahu “is hurting Israel more than helping Israel by making the rest of the world” to go against…

The US Central Command announced on Sunday that the United States had dispatched a ship carrying initial equipment to establish a temporary dock to deliver humanitarian supplies to the Gaza Strip. The US Central Command announced in a statement on X that the US Army ship General Frank S. Beeson left Joint Base Langley-Eustis and is on its way to the Eastern Mediterranean. Earlier this week, according to The Economist, US President Joe Biden announced, during his State of the Union, address that he has directed his military to lead a mission that would establish a temporary pier that will bring humanitarian aid into the Gaza Strip.…

The foreign ministers of Iran and Qatar discussed political efforts to settle the Gaza crisis and stop the Israeli genocidal crimes in Palestine. In a telephone conversation on Saturday evening, Iranian Foreign Minister Hossein Amirabdollahian and his Qatari counterpart Sheikh Mohammad bin Abdul Rahman Al Thani discussed the latest bilateral issues as well as the regional developments, including the crisis in Gaza. The two top diplomats underlined the need for the continuation of the growing trend of relations and implementation of the bilateral agreements. They also talked about the latest developments in Gaza and the initiatives that have been put…