Egypt Financial News

Next has warned supplies of its products could be delayed if disruption to shipping in the Red Sea continues. Attacks by Houthi rebels on vessels in one of the world's busiest shipping lanes have resulted in firms avoiding the area and taking longer routes.

Menendez, is accused by federal prosecutors of accepting racing car tickets and other gifts from Qatar as part of a corruption plot, as reported by CNN. The Gulf State is the second foreign government the Democrat from New Jersey is accused of aiding while in office, along with Egypt.

telecom tariffs are amongst the lowest in the world as a percentage of per capita gross national income (GNIpc), and the country's telcos have enough headroom to raise prices by at least 1.5x over the next 4-5 years, industry executives and analysts said. GNIpc is the dollar-value of a country's final income in a year divided by its population.

ALSO READ: BRICS Summit 2023 Highlights HERE "Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates joined BRICS as new full members which is a strong indication of the growing authority of the association and its role in international affairs," the Russian president said. 1. In a statement on the start of Russia's BRICS Chairmanship, Putin said in the statement published on the Kremlin website that the Russian 2024 BRICS Chairmanship will "focus on positive and constructive cooperation with all countries concerned".

BRICS bloc of top emerging economies, including India, Russia and China, has announced induction of five full members into it as part of an attempt to expand its strategic heft against the backdrop of Western dominance in world affairs. As Moscow assumed the presidency of BRICS, Russian President Vladimir Putin said on Monday that the grouping has become a 10-nation body now with Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates joining it as new members.

Israel, causing alarm as the new year began. Sirens had been heard across various cities including Ashdod, and Sderot, as well as in Rehovot, Ness Ziona, Holon, Lod, and Modiin. There have been no injuries reported.

In the coming year, we will see not greater multipolarity, but greater bipolarity. China has replaced Russia as America’s main competitor in a new cold war that is less about ideology and more about markets and technology. The $18 trillion Chinese economy has already overtaken that of all 27 European Union countries combined, and China is the largest trading partner to more than 120 countries.

To gain a glimpse of the kind of strains many countries will face in 2024, it can help to focus on the challenges facing a single country. Consider Egypt’s recent experience. When Russia invaded Ukraine in February 2022, the sharp global increase in grain and fertilizer prices disrupted the Egyptian economy, which was already worn down by the covid-19 pandemic, water shortages, and debt.

(Reuters) -New Zealanders were among the first in the world to celebrate the arrival of 2024 with a fireworks display in Auckland on Monday. The fireworks illuminated the cloudy night sky and were accompanied by a laser light and animation show.

By Nidal al-Mughrabi, Arafat Barbakh and Dan Williams

Gaza on Saturday, as the Biden administration approved a new emergency weapons sale to Israel despite persistent international cease-fire calls over mounting civilian deaths, hunger and mass displacement in the enclave. Even a brief halt in fighting seems out of reach. A senior Hamas official told The Associated Press in Beirut on Saturday that the group has not budged from its position that a permanent cease-fire has to be the starting point for any further releases of Israeli and foreign hostages the group holds, which runs counter to a recent proposal by Egypt for a staged end to the war. It's a demand Israel is bound to reject. Israel has said it will pursue its unprecedented air and ground offensive until it has dismantled Hamas, a goal viewed by some as unattainable because of the militant group's deep roots in Palestinian society. The United States has shielded Israel diplomatically and has continued to supply weapons.

organisations have so far confirmed to be partners for the upcoming Vibrant Gujarat Global Summit (VGGS) 2024, the state government said on Saturday. The 10th edition of VGGS, based on the 'Gateway to the Future' theme, will be organised in Gandhinagar from January 10 to 12.

(Bloomberg) — Membership of the BRICS group of emerging-market nations is set to double, with Saudi Arabia, Iran, the United Arab Emirates, Ethiopia and Egypt to join its ranks on Jan. 1, South Africa’s envoy to the bloc said. 

food. The celebration will be extravagant in Jardines del Humaya (Humaya Gardens), which is the country’s most visually spectacular burial ground. It is in the north-western state of Sinaloa, a hub of Mexican drug gangs, which started off growing marijuana before turning to cocaine trafficking and, more recently, fentanyl.

Deal or no deal? In the early days of Israel’s counteroffensive against Hamas, the terrorist group begged for a breather. It released 105 hostages for a seven-day pause and some low-level prisoners. But Hamas has since turned down two offers for a pause in the fighting, each one more generous than the last.

missiles, which it claimed were launched by the Iran-backed Houthis. There was no damage to ships in the area or injuries reported, the US Central Command (CENTCOM) said. «U.S. assets, to include the USS LABOON (DDG 58) and F/A-18 Super Hornets from the Eisenhower Carrier Strike Group, shot down twelve one-way attack drones, three anti-ship ballistic missiles, and two land attack cruise missiles in the Southern Red Sea that were fired by the Houthis over a 10 hour period which began at approximately 6:30 a.m.

Israel-Hamas war, Egypt has put forward a proposal that include a ceasefire, a phased hostage release and the creation of a Palestinian government of experts who would administer the Gaza Strip and occupied West Bank, said a report by AP citing a senior Egyptian official and a European diplomat. The proposal has been presented to Israel, Hamas, the United States, and the European governments, said the report. According to the report, the proposal calls for an initial ceasefire of up to two weeks during which Palestinian militants would free 40 to 50 hostages, among them women, the sick and the elderly, in return for the release of 120-150 Palestinians from Israeli prisons.

By Ahmed Mohamed Hassan and Nidal al-Mughrabi

Jerusalem, a town that is seeing the atrocities of Israel's aerial bombing campaign and ground attacks in the Gaza Strip. Bethlehem fell silent on Monday, with no Christmas tree, no caroling, as the ongoing attack by Israel in West Bank left hotels, restaurants and souvenir shops deserted. Bethlehem, considered the birthplace of Jesus, is now in the middle of a war zone.

The sources of their woes are very different, but similarly acute. Houthi militants, in a show of support of Hamas in its war with Israel, are attacking merchant ships as they sail past Yemen en route to — or from — Egypt’s Suez Canal.

India has invited French President Emmanuel Macron to be the chief guest at the country’s national day celebrations next month