Cairo: In the past few days, the value of the US dollar against the Egyptian pound has increased to 49.25 Egyptian pounds.Egyptian economic experts attributed the growth to recent regional developments.“The biggest factor affecting the value of the dollar against the pound is remittances from Egypt,” said economic expert Dr. Ala Ali said.“If it increases, … Read more
RIYADH: The board of directors of the Prince Mohammed bin Salman Royal Reserve Development Authority announced the launch of the reserve's integrated development management plan, the Saudi Press Agency reported on Thursday. The plan is a roadmap to global standards covering the environmental, economic, social, tourism and cultural aspects of the 24,500 square kilometer reserve. … Read more
London: US e-commerce platform Etsy is doing business with dozens of shops located in illegal Israeli settlements, a new report has revealed. Published jointly by the Institute for Journalism and Social Change, Global Justice Now, and War on Want, the report identified at least 44 Etsy stores operating in 16 different settlements deemed illegal by … Read more
Sana'a: A Yemeni official said on Wednesday that 30 people were killed and hundreds displaced after flooding in the southern city of Hodeida following days of heavy rain. Hodeidah Governor Mohamad Kahim told Houthi rebel-controlled Masirah TV that the floods displaced 500 homes. He said that five people are missing. Hodeidah, the southwestern city of … Read more
Boeing's Starliner astronauts could return to SpaceX capsule in February 2025, NASA says WASHINGTON: Two astronauts sent to the International Space Station by Boeing's Starliner in June could return to SpaceX's Crew Dragon in February 2025 if the Starliner is still deemed unsafe to return to Earth, NASA officials said Wednesday.The US space agency is … Read more
Tokyo: A 6.9-magnitude earthquake followed by a 7.1-magnitude earthquake hit southern Japan on Thursday, according to the US Geological Survey. Tsunamis of up to one meter were expected to hit or hit some coastal areas on the islands of Kyushu and Shikoku, broadcaster NHK reported. According to the USGS, the first earthquake occurred at a … Read more
RIYADH: Stock markets in the Middle East rebounded after a “black Monday” as global indexes fell on worries of a possible US recession triggered by a weak jobs report from the world's biggest economy. Saudi Arabia's Tadawul Al Share index closed up 50.55 points, or 0.43 percent, at 11,729.71 on Wednesday. Total trading volume of … Read more
BEIRUT: The head of Iran-backed Hezbollah's anti-tank rocket unit — two killed — one civilian and another, seven wounded in renewed Israeli hostilities in several towns in southern Lebanon on Wednesday, according to the Israeli military. An Israeli drone targeted a motorcycle in the city of Jouiya in the afternoon and hit a passing car, … Read more
Cairo: Egypt's annual urban consumer price inflation fell to 25.7 percent in July from 27.5 percent in June, a faster rate of decline than analysts had expected, the country's statistics agency Capmass showed on Thursday. Month-on-month, prices fell 0.4 percent in July, down from 1.6 percent in June. Food prices fell 0.3 percent in July, … Read more
BAGHDAD: Rights advocates are concerned about a bill introduced in Iraq's parliament that, they fear, will roll back women's rights and increase child marriage in a deeply patriarchal society. The bill would allow citizens to choose a religious authority or civil judiciary to decide family matters. Critics fear it will reduce rights in inheritance, divorce … Read more
