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Asharq Al-Awsat
2 hours ago
- Asharq Al-Awsat
Egypt Registers Record Primary Surplus of 629 billion Pounds in 2024-25 Fiscal Year
Egypt registered a record primary surplus of 629 billion Egyptian pounds ($13 billion) in the 2024-2025 fiscal year, equal to 3.6% of the country's gross domestic product, the presidency said in a statement on Saturday, Reuters reported. The primary surplus came 80% above that in the 2023-2024 fiscal year.


Arab News
8 hours ago
- Arab News
Designated banks stay open today as Pakistan receives Hajj applications on final day
ISLAMABAD: Designated banks across Pakistan are open today for the receipt of Hajj applications from intending pilgrims under the government scheme, according to the Pakistani religious affairs ministry. Pakistan has a Hajj quota of 179,210 pilgrims. Of this, 129,210 seats have been allocated for the government scheme and the rest for private tour operators. The religious affairs ministry this week said it had received 91,000 applications under the government scheme. The religious affairs ministry said the State Bank of Pakistan accepted its request and issued orders to keep open branches of 14 designated banks for the receipt of Hajj applications on the final day. Pakistan began receiving Hajj applications on Aug. 4. 'Bookings will be closed once the required number of applicants is reached,' the ministry said. 'Hajj applications received on a first-come, first-served basis will be considered valid.' It urged Hajj applicants to obtain a computerized receipt from the bank and check their details on the ministry's online portal or Pak Hajj 2026 app. 'In case of any mistake, get it corrected immediately by the concerned bank,' the ministry added. Under the government scheme, pilgrims can choose between a long Hajj package (38–42 days) and a short package (20–25 days). The estimated cost of the government Hajj package ranges between Rs1,150,000 and Rs1,250,000 (approximately $4,050 to $4,236). 'It is mandatory to submit the first installment of Rs500,000 or Rs550,000 along with the application according to the package,' the ministry said this week. 'The second installment of Hajj dues will be collected from November 1.' Saudi Arabia approved the same overall quota for Pakistan in 2025, but a significant portion of the private allocation went unused due to delays by tour operators in meeting payment and registration deadlines, while the government fulfilled its share of over 88,000 pilgrims. Private operators blamed the shortfall on technical issues, including payment processing and communication problems.


Asharq Al-Awsat
8 hours ago
- Asharq Al-Awsat
Magnitude 4.9 Quake Strikes Near East Coast of Australia
A magnitude 4.9 earthquake struck near the east coast of Australia on Saturday, the European Mediterranean Seismological Center (EMSC) said. The quake was 10 km (6.2 miles) deep, Reuters quoted the EMSC as saying. It earlier said the quake, which hit Queensland state, was of 5.7 magnitude. There was no threat of tsunami to Queensland, Australia's weather forecaster said in an alert on its website. A spokesperson from state-run energy distribution company Energex told the Australian Broadcasting Corp that around 11,000 properties were without power after the quake. More than 9,000 people reported feeling the quake, according to the federal agency Geoscience Australia, which recorded the epicenter as the rural town of Kilkivian, about 170 km (110 miles) northwest of the state capital Brisbane.