Egypt Financial News

ruler of Judea when Jesus of Nazareth was born, King Herod attempts to find and kill the baby after hearing that the ‘King of the Jews’ has just been born. Tricked by the Magi, the wise men whom he had sent to determine where the infant was, a raging Herod decreed that all children two and under who live near Bethlehem are to be killed. The Gospel of Matthew contains the famous account of this “slaughter of the innocents” and of Mary, Joseph and Jesus’s flight to Egypt. Interestingly, King Herod’s storyline is not found in any other biblical texts nor in Roman records. So, who was the real King Herod?

UK Foreign Secretary David Cameron has branded Iran «a thoroughly malign influence in the region and in the world» in an interview published Sunday in which he also pledged stepped-up deterrence towards Tehran. The former British prime minister's warning echoes accusations by the United States Friday that Iran is involved in attacks on commercial ships by Yemen's Huthi rebels, providing drones, missiles and tactical intelligence.

The world of football is witnessing a remarkable fusion of sports and digital innovation with the upcoming FIFA Club World Cup Saudi Arabia 2023™. In a groundbreaking move, FIFA+ Collect, in collaboration with the technology firm Modex, is set to release an exclusive digital collectible series. This initiative marks the beginning of a new partnership that melds the excitement of football with the cutting-edge realm of digital collectibles.

Emmanuel Macron will be the Chief Guest come January 26 after the European country accepted India's invitation to be a part of India's Republic Day celebrations, becoming the sixth French leader to attend the event US President Joe Biden reportedly declined India's invitation to be the Republic Day chief guest, citing reasons believed to be influenced by the State of the Union address, his re-election bid, and Washington's increasing focus on the Hamas-Israel conflict. Ties between India and France have grown steadily in recent years. In July, Prime Minister Narendra Modi participated in the Bastille Day parade as the guest of honour during the French National Day celebrations.

COVID LIVE UPDATES A report by Moneycontrol mentioned that the Serum Institute of India (SII) currently offers a vaccine against the XBB1 variant of Covid-19, which is "similar" to the JN.1 variant. The spokesperson told the business website that SII would share the documents with the public once they are submitted to the regulators. Mint could not officially verify the report.

struck al-Ahli hospital in Gaza City. Thousands of civilians had been sheltering there, alongside the sick. Palestinian officials say that hundreds died.

of 2023, the latest World Bank data reveals. The cost of remitting money can be high, particularly via banks, the report further shows. Besides India, other top remittance recipient countries are Mexico ($67 billion), China ($50 billion), Philippines ($40 billion), and Egypt ($24 billion) Here, we explain an array of alternatives through which one can remit money to India from overseas: 1.

Investing.com-- Oil prices fell in Asian trade on Thursday as momentum in a recent rally was culled by data showing an unexpected build in U.S. inventories, while talks over a potential ceasefire in the Israel-Hamas war dented bets on more supply disruptions.

Asian buyers, who are scrambling for cheaper alternatives, particularly as New Delhi is unlikely to lift the curbs before general elections next year. The world's biggest exporter of onions banned shipments on Dec. 8 after domestic prices more than doubled in three months following a drop in production. Now retail shoppers from Kathmandu to Colombo are struggling with high prices, since traditional Asian buyers, such as Bangladesh, Malaysia and Nepal, and even the United Arab Emirates, rely on imports from India to bridge domestic gaps.

energy transition over the next decade isn’t technology or politics. It’s money. Reconfiguring the world’s power systems to eliminate carbon emissions is going to be a multi-trillion dollar investment project.

FIFA Club World Cup 2023 final in Saudi Arabia after defeating Japanese club Urawa Red Diamonds. The reigning Premier League and UEFA Champions League champion will face Brazilian club Fluminese in the summit clash. Ahead of the FIFA Club World Cup 2023 final, there will be a third-place match between Al Ahly and Urawa Red Diamonds. That match will take place on Friday, December 22 at 9.30 am (ET).

Israel-Gaza War Day 73: Israel faces new calls for truce after killing of hostages raises alarm. 10 updates Meanwhile, President Isaac Herzog indicated that Israel was willing to undertake a fresh truce in the coming days for recovery of hostages.

Egyptian President Abdel Fattah el-Sissi has won reelection to a third, six-year term in office

Here are top 10 updates on Israel-Hamas war, 1) Hamas released a short video on Monday showing three elderly Israeli hostages whom the Islamist group seized during its October 7 rampage. Israel denounced it as a “criminal, terrorist video", Reuters reported.

By Ahmad Ghaddar

This was met by a sense of déjà vu among delegates of the Alliance of Small Island States (Aosis), an intergovernmental organisation representing the nations most vulnerable to climate change. In her post-summit statement, Aosis lead negotiator Anne Rasmussen expressed confusion that the UAE Consensus, COP28's final agreement, was approved when representatives from small island developing states (or Sids were not in the room. While some delegates hailed the consensus as «beginning of the end» of the fossil fuel era, Aosis countered that the document contained a «litany of loopholes» which did little to advance the key actions needed to stave off climate breakdown and deliver justice to islands and low-lying states facing the gravest consequences of the climate crisis. Aosis member states came to COP28 to build on the momentum of their victory in the final moments of COP27 a year earlier in Egypt, when delegates agreed to establish a loss and damage fund which would pay developing nations for the unavoidable and extreme consequences of climate change. The group had fought over 30 years in climate negotiations for this fund. Additionally, Aosis identified fundamental areas required to save Sids from impacts such as sea-level rise, desertification and climate migration.

India stands out as the top remittance recipient, showcasing the evolving dynamics in this financial landscape. Remittances to LMICs grew by an estimated 3.8% in 2023, totaling USD 669 billion. Resilient labor markets in advanced economies and Gulf Cooperation Council (GCC) countries played a crucial role in supporting migrants' ability to send money home. Want to know if you qualify for immigration? Click here The report suggests a potential risk of a decline in real income for migrants in 2024 due to global inflation and low growth prospects. In South Asia, remittance flows to India experienced notable growth, contributing to the region's overall positive trend.

Libya and Tunisia are principal departure points for migrants risking dangerous sea voyages in hopes of reaching Europe, via Italy. More than 153,000 migrants arrived in Italy this year from Tunisia and Libya, according to the United Nations refugee agency. Italy's far-right Prime Minister Giorgia Meloni won elections last year after vowing to stop illegal migration.

Maersk Tankers is to insist its fleet of fuel carriers have the option to avoid the Red Sea following an escalation in attacks on merchant ships in the area. The decision, set out in a notice seen by Bloomberg, doesn’t mean Copenhagen-based Maersk Tankers ships will dodge the area — and by extension Egypt’s Suez Canal — but it gives the firm discretion to do so. Houthi militants, aligned with Iran, are attacking vessels with ties to Israel when they pass through the Red Sea, causing insurance costs to increase. Maersk’s notice opens the door to a practice — extending voyages by thousands of miles to sail around Africa — that could disrupt energy flows were it to be widely adopted in the market. Ships that detour would burn hundreds of tons more fuel and deliver their cargoes days later. Maersk Tankers is what’s known in the shipping industry as a pool operator, meaning it commercially manages tankers for numerous owners, listing a 131-strong fleet on its website. The firm is separate to A.P.

In a Facebook post in early November, Dr. Gerges Ambarak wrote passionately about what he felt was a racially motivated attack on the teen at her school in Lewisporte.“This is only racism and discrimination which no one of you can tolerate or accept,” he wrote.

Here are top 10 updates on Israel-Hamas war, 1) Hunger was worsening among Palestinians in the besieged Gaza Strip, aid agencies said, as the United Nations General Assembly prepared to vote on Tuesday on an immediate humanitarian ceasefire in the two-month-old conflict between Israel and Hamas. 2) Most of Gaza's 2.3 million people have been driven from their homes and residents say it is impossible to find refuge or food in the densely populated coastal enclave.