Author: Faheem al-Yacoub

Travel off Path said that Egypt is one of the trendiest destinations in the world right now. In its view, the number of US tourists and western arrivals to Egypt will continue to increase because the epidemic prevention and control restrictions have been lifted, international flights have been resumed and the important reason is that country is a completely safe destination to visit. Egypt is set for a further increase of 28 percent in the number of visitors throughout 2023, Travel off Path expected. In its new article, it noted that travel demand for Egypt has been increasing steadily since…

The top envoys for Saudi Arabia and Iran will meet in Beijing on Thursday, an Iranian official and a Saudi-owned newspaper said, as the two regional rivals work to hash out next steps of their diplomatic rapprochement amid a China-brokered deal. The meeting between Prince Faisal bin Farhan Al Saud and his Iranian counterpart, Hossein Amirabdollahian, will be the first formal meeting between Saudi Arabia and Iran’s most senior diplomats in more than seven years. After years of hostility that had fuelled conflicts across the Middle East, Tehran and Riyadh agreed to end their diplomatic rift and re-open embassies in…

Kenes Rakishev is one of the most influential people in Kazakhstan. Kenes is also a respected advisor to the government of Kazakhstan. Both he and his wife, Aselle Tasmagambetova are involved in philanthropy work and investments in the tech sectors. Kenes distinguished himself to help develop innovative projects. His investments included Solarin, the new handphone developed by Sirin Labs, which was founded by Rakishev and his business partners. It integrates data encryption systems for calls. Rakishev also invested in Mobli and NetElement. This tech-savvy serial investor was born on July 14, 1979, in the city of Almaty to a working-class family. His father, Hamit Koshanovich Rakishev was a prominent statesman of Kazakhstan. Kenes is a lawyer and…

National Finance House Group has reported 2.5 per cent growth in net profit at BD1.34 million for the year ended December 31, 2022 when compared with BD1.31m in 2021. Total shareholders’ equity increased by 4.6pc from BD16.22m in 2021 to BD16.96m in 2022, with basic earnings per share rising to Bahraini fils 17.9 compared with17.5 fils the previous year. The net profit for the last quarter of the fiscal year ending on December 31, 2022 amounted to BD90,000, compared to BD98,000 in the last quarter of the year 2021. In view of the favourable performance of the group for the…

This is stated in an extract from the system of registers of shareholders The share of businessman Kenes Rakishev in the Fincraft investment house decreased to 9.9%. This is stated in an extract from the system of registers of shareholders of Fincraft Investment House JSC as of March 7, 2023, posted on the website of the Kazakhstan Stock Exchange (KASE), the correspondent of the Kapital.kz business information center reports. According to KASE, as of January 1, 2023, the share of businessman Kenes Rakishev in the company was 40%. According to this extract of shareholders, the total number of declared ordinary shares of the…

Muscat: A new focus report shines a spotlight on investment opportunities opening up in the industry, logistics and energy as efforts to diversify the economy intensify. The report explores the developments taking place in the Sultanate of Oman’s special economic zones and free zones in an easy-to-navigate and accessible format, supported by key data and infographics. Oxford Business Group (OBG) produced the analysis in partnership with Oman’s Public Authority for Special Economic Zones and Free Zones (Opaz) and Centralised Utilities Company, Marafiq. It provides detailed coverage of how fiscal incentives, infrastructure projects and robust connectivity to external markets are combined to…

US provider’s innovative solutions to aid region’s education technology boom amid sector-wide digital transformation Dubai, UAE: PowerSchool (NYSE: PWSC), the leading provider of cloud-based software for K-12 education in North America, has outlined plans to accelerate its international expansion by opening a Middle East & Africa (MEA) office in Dubai. PowerSchool’s first office in the Middle East will serve the education technology (ed-tech) provider’s extensive network of existing MEA region customers, including Al Ittihad National Private Schools, Liwa Education, Aldar Education, ESOL and the American School Abu Dhabi, lead customer efforts in target territories, and support the company’s expanding customer…