Egypt Financial News

The U.S. Navy’s top Mideast commander says Iran is “very directly involved” in ship attacks by Yemen’s Houthi rebels during Israel’s war against Hamas

Gaza Strip in the deadliest attack on Israel's forces since the October 7 Hamas raid that triggered the war, the military said Tuesday, a major setback that could add to mounting calls for a cease-fire. Prime Minister Benjamin Netanyahu mourned the soldiers but vowed to press ahead with the offensive until «absolute victory» over Hamas. He has also promised to return over 100 hostages held captive in Gaza.

Moody’s Analytics has found 21 million “red flags” associated with shell companies that could be used to enable financial crimes, from ancient directors to dubious addresses.

Alba Wheels Up International founder Salvatore Stile breaks down the impact that Houthi rebel attacks have had on international and domestic business.

Gaza, at meetings with the top diplomats from the two sides and key Arab states in Brussels. The surprise Hamas attack on October 7 on Israel and the subsequent devastating military response from Israel has plunged the Middle East into fresh turmoil and sparked fears of a broader conflict.

United Arab Emirates and Bahrain in September 2020. Sudan normalised relations with Israel the following month and Morocco in December 2020. Negotiations between Israel and Saudi Arabia were disrupted by the war between Israel and Hamas which began in October 2023.

DUBAI—The U.S., Egypt and Qatar are pushing Israel and Hamas to join a phased diplomatic process that would start with a release of hostages and, eventually, lead to a withdrawal of Israeli forces and an end to the war in Gaza, diplomats involved in mediating the talks said. Neither side in the conflict has agreed to the terms of the new proposal—which includes steps at odds with the stated positions of Israel and Hamas. Taher Al-Nono, a media adviser to Hamas, said there was no real progress, and Israeli officials didn’t respond to a request for comment.

Global South. Echoing India's thought Russia wants to project BRICS as non-Western and not anti-Western concept. “BRICS is not targeted against anyone…it offers alternative instruments, which are supposed to be safe from the politicised Western architecture, including in the context of de-dollarisation.

Loss and Damage Fund (LDF) at COP28 has fulfilled a long-standing demand of developing countries. Many countries announced their contributions to the fund, cumulatively amounting to about $700 million. The term 'loss and damage' refers to: Stretched limits Impacts that go beyond the limits of adaptation and mitigation efforts, such as economic losses (damage to infrastructure and productive systems) and non-economic losses (loss of lives, livelihoods, cultural heritage and biodiversity). Slow and furious Slow-onset events like sea-level rise and ocean acidification, as well as extreme weather events like floods, droughts and storms. The decision to create LDF was taken at COP27 at Sharm el-Sheikh, Egypt.

Africa Cup of Nations after facing challenging initial matches. Ghana suffered a setback in their first game as Cape Verde secured a shocking victory with a 92nd-minute winner from Garry Rodrigues. Despite Alexander Djiku's equalizer, Jamiro Monteiro's opener gave Cape Verde the lead. Meanwhile, Egypt managed to salvage a point in their opening game against Mozambique, with Liverpool star Mo Salah converting a 97th-minute penalty after Mozambique took a 2-1 lead.

Senior Humanitarian and Reconstruction Coordinator for Gaza visited Al-Arish, Egypt, on Wednesday in efforts to scale-up assistance to the Gaza Strip. Sigrid Kaag went on to Rafah, one of two crossing points for aid into Gaza, located roughly 40 kilometres from Al-Arish, according to UN News.

WASHINGTON (Reuters) — The wife of U.S. Senator Bob Menendez on Monday sought to sever the government's corruption case against her from her husband, according to a court document.

China's top diplomat warned Sunday that any steps towards Taiwan's independence would be «harshly punished», after the self-ruled island defied Beijing's warnings and chose pro-sovereignty candidate Lai Ching-te as president. Voters on the island spurned Beijing's repeated calls not to vote for Lai, delivering a comfortable victory for a man China's ruling Communist Party sees as a dangerous separatist.

Sugarcane features prominently in Pongal and other Indian festivals at the start of the year. My early memories of Pongal in Chennai are mostly about waiting for the two tall stalks my grandmother tied outside the front door to be chopped up, so we could chew it for the juice.

Maritime Institute of Technology instructor Capt. James Staples, who has personally responded to pirates, breaks down the Houthi Red Sea attacks on 'The Claman Countdown.'

By David Lawder

By Luc Cohen

WASHINGTON (Reuters) — U.S. Senator Bob Menendez took to the Senate floor on Tuesday to declare his innocence on charges that he used his influence to help a businessman seek an investment from the Qatari government and conspired to act as an unregistered agent for Egypt.

Mohamed Salah's beaming face appeared on British television screens. Salah always has the slightly ruffled appearance of a man who has not slept desperately well, but he was in distinctly good cheer. His Liverpool team had just dismantled Newcastle United to move 3 points clear at the top of the Premier League. He had played wonderfully: scoring two goals, creating one and missing a penalty so as to foster the illusion of drama in what was otherwise a hopelessly one-sided sporting contest. There was, though, a bittersweet tinge to the jubilation.

By Ari Rabinovitch, Simon Lewis and Nidal al-Mughrabi

Januhairy', an initiative that challenges women to not use their razors for the month. Despite its name, the message is everlasting and the official Instagram account of the campaign, with more than 40,000 followers, has pictures of women, who are celebrating their body hair throughout the year for normalizing it.