Author: Suhaib Jabbour

Foreign Minister Sameh Shoukry rejected as “inaccurate” claims that Egypt had kept the only border crossing with Gaza not controlled by Israel closed. “As far as we’re concerned, the Rafah crossing on our side is officially open,” Shoukry told the BBC on Tuesday. He said aid lorries were awaiting guarantees of “safe conditions” after the crossing was “subjected to four aerial bombardments that have made the crossing inaccessible”. In a separate interview with CNN, Shoukry said one of the strikes came as “we were trying to repair damage, and four Egyptian workers were injured”. Gaza has nearly run out of…

Kuwait-listed Heavy Engineering Industries and Ship-building Company (HEISCO) said on Tuesday it is planning to set up steel manufacturing project in Saudi Arabia. The company said in a bourse statement that its affiliated firm in Saudi Arabia has signed a contract with the Royal Commission for Jubail and Yanbu (RCJY) for leasing 200,000 square metres of land for the project in the Eastern port of Ras Al-Khair at an annual rental value of nearly 900,000 Saudi riyals ($240,000). The “conditional investment agreement” is for the purpose of manufacturing of structured steel, the company said without providing further details. Source: Zawya

Qatar Museum’s Year of Culture program and Indonesia’s Ministry of Education, Culture, Research and Technology are trying to secure UNESCO recognition for the historical and cultural treasure Spice Route. The partners are looking to gather enough evidence for their submission to UNESCO by the upcoming year. The Qatar-Indonesia 2023 Year of Culture and Indonesia Launch Residency Program to Explore Historical and Cultural Links Between Ancient Arabia and Nusantara announced the partnership on Tuesday. The Spice Route, an ancient trade network that seamlessly linked Nusantara with India, China, Europe, Africa, and the Middle East, is celebrated for the profound influence it…

Ahmet Burak Daglioglu, Head of the Investment Office of the Turkish Presidency, said that the cumulative foreign direct investment from the United Arab Emirates to Turkiye has surged to $5.6 billion (AED 20.6 billion) from 2002 through August 2023. Speaking exclusively to the Emirates News Agency (WAM) during the eighth edition of the World Investment Forum in Abu Dhabi, Daglioglu reported that, as of the first half of this year, around 600 UAE companies have been actively operating in Turkiye. Daglioglu further highlighted that the UAE currently stands as Turkiye’s 13th largest trade partner for exports and the 15th largest…

Saudi Arabia and the United Arab Emirates (UAE) plan to renew their deposits with the Central Bank of Egypt (CBE) that amount to more than $10bn and are due next year, sources close to the matter told Daily News Egypt on Saturday. The sources, who requested anonymity, said that the deposits are short-term and include about $5bn from Saudi Arabia and $5bn from the UAE. They said that an agreement has been reached between the two Gulf countries and Egypt to extend the deposits. The sources added that the renewal of the deposits comes at a time when Egypt faces…

Kenes Rakishev, star investor, international entrepreneur, philanthropist and former special envoy of the Kazakhstan government, meets star chef, Gordon Ramsay and star manufacturer, Borealis Foods to change the international food market. When Kenes Rakishev embarked on the establishment of Oxus SPAC, a specialized entity aimed at acquiring and subsequently taking companies public on the American stock market, experts were filled with anticipation and conjecture regarding his targeted investments. Renowned for his diverse interests spanning robotics, battery technologies, communications, and groundbreaking concepts, Kenes Rakishev’s decision left everyone startled, as he delved into an exceedingly unforeseen realm: the food sector. Kenes Rakishev…

Saudi diplomacy has gone into overdrive these days. Saudi Arabia’s Crown Prince Mohammed bin Salman (MBS) is in France to participate in the Summit for a New Global Financial Pact to be held in Paris next week. He will be in France for around 10 days and hopes to drum up support for Saudi Arabia’s candidacy to host the Expo 2030 world’s fair. Earlier this month, US Secretary of State Anthony Blinken was in Riyadh trying to re-establish engagement with the Saudis after US President Joe Biden’s not-so-successful visit last year. Meanwhile, the Saudis have continued their engagement with Russia…

A U.S. Army soldier pleaded guilty Wednesday to attempting to assist the Islamic State terror group on how to ambush his fellow soldiers in the Middle East during conversations in which he believed he was speaking with a terrorist. Cole Bridges, 22, entered pleas in a Manhattan federal court to trying to provide material support to terrorists and trying to kill U.S. military service members. Bridges, of Stow, Ohio, was assigned to the Third Infantry Division in Fort Stewart as a cavalry scout at the time of the crime, the Justice Department said. He joined the Army in September 2019. “As he admitted in…

ABU DHABI – Tomorrow, the UAE will celebrate Kuwait’s 62nd National Day, highlighting the strong and long-standing relations between the two nations. The relationship between the UAE and Kuwait serves as a model for successful bilateral relations, spanning political, diplomatic, economic, and cultural cooperation. Each year, the UAE hosts a range of activities and events celebrating Kuwait’s National Day on February 25th. The strategic partnership between the two countries continues to strengthen under the leadership of President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Highness Sheikh Nawaf Al Ahmed Al Jaber Al Sabah, the Amir of Kuwait. The…

Despite the difficulties they have endured in the last few weeks, Real Madrid proved that they are still the king of football world. Since last October, Real Madrid did not look like an unbeatable team. The team that won almost nearly everything in 2021-2022 season are struggling. Luka Modric and company are losing a lot of ground to their arch-rival in LaLiga, Barcelona. Real Madrid lost their position on the top of the league table with a 2-3 loss at the hand of Rayo Vallecano. Things went worse for Carlo Ancelotti’s team. Another defeat in the match against Villarreal and…