
Qatar Airways resumes flights
Basant Ahmed
Qatar's Civil Aviation Authority said air traffic in the country's airspace has resumed, after taking the necessary measures in coordination with the relevant authorities.
Kuwait, Bahrain, and the Emirate of Dubai also announced the resumption of air traffic after a temporary suspension following Iran's missile attack on the US Al Udeid base in Qatar.
read more
Gold prices rise, 21 Karat at EGP 3685
NATO's Role in Israeli-Palestinian Conflict
US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria
Shoukry Meets Director-General of FAO
Lavrov: confrontation bet. nuclear powers must be avoided
News
Iran Summons French Ambassador over Foreign Minister Remarks
News
Aboul Gheit Condemns Israeli Escalation in West Bank
News
Greek PM: Athens Plays Key Role in Improving Energy Security in Region
News
One Person Injured in Explosion at Ukrainian Embassy in Madrid
News
China Launches Largest Ever Aircraft Carrier
Sports
Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer
Lifestyle
Get to Know 2025 Eid Al Adha Prayer Times in Egypt
Videos & Features
Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall
Business
Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War
Arts & Culture
Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies
News
Flights suspended at Port Sudan Airport after Drone Attacks
Videos & Features
Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream
News
Shell Unveils Cost-Cutting, LNG Growth Plan
Technology
50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


See - Sada Elbalad
3 hours ago
- See - Sada Elbalad
US, Pakistan Reaffirm Commitment to Middle East Stability
H-Tayea Pakistani Prime Minister Muhammad Shehbaz Sharif held a telephone conversation with US Secretary of State Marco Rubio, during which both leaders reaffirmed their commitment to advancing bilateral cooperation and regional peace. Prime Minister Sharif expressed his appreciation for the bold and decisive leadership of US President Donald Trump in brokering the recent ceasefire between Iran and Israel. He also thanked Secretary Rubio for the United States' constructive role in facilitating the ceasefire between Pakistan and India. The two leaders agreed to intensify efforts to strengthen Pakistan–U.S. ties, particularly through increased trade and economic collaboration. In discussing recent developments in the Middle East, Prime Minister Sharif reiterated Pakistan's commitment to playing a constructive role in supporting regional peace and stability. Secretary Rubio welcomed Pakistan's diplomatic efforts and conveyed the US interest in working closely with Pakistan to promote security and peace across the region. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean


See - Sada Elbalad
5 hours ago
- See - Sada Elbalad
Gold Remains Calm Amid Escalating Middle East Tensions
Waleed Farouk Despite mounting geopolitical tensions in the Middle East and an exchange of strikes between Israel and Iran, gold has remained remarkably calm, holding just below the $3,400 per ounce mark — an unusual reaction from the traditional 'crisis safe haven.' In a scene fraught with serious developments, Israeli and U.S. strikes targeted Iranian nuclear facilities, including the heavily fortified Fordow reactor. Iran responded with what were described as attacks near Israel's Dimona nuclear facility in the Negev. Yet, despite the political and military uproar, gold prices showed little reaction, moving modestly from $3,250 to $3,450 per ounce — falling short of any significant rally. Deterrence, Not War Markets interpreted the strikes as acts of mutual deterrence, not a full-scale war. While the escalation was undoubtedly serious, it lacked signs of further escalation or a direct threat to global economic stability — depriving gold of the fear-driven momentum it typically thrives on. Instead, investor attention turned to energy markets, where oil stole the spotlight as the asset most sensitive to geopolitical risk. Gold, by contrast, faced stiff competition from more liquid safe havens such as the U.S. dollar, Swiss franc, and Japanese yen — all favored in a tight monetary environment for their rapid exit potential. Gold had already seen a gradual price increase in anticipation of mounting tensions, meaning the military action itself didn't catch the market off guard. Traders responded with the classic strategy of "sell the news" — buying on rumors and selling on confirmation. U.S. Interest Rates: Gold's Real Rival The recent implementation of U.S. tariffs reignited inflation, diminishing hopes for near-term interest rate cuts. As the Federal Reserve continues to enforce tight monetary policy, gold loses its edge to higher-yielding assets like U.S. Treasury bonds. No Global Panic, No Gold Surge Historically, gold's strongest rallies have come during periods of global financial panic — such as the 2008 financial crisis, the 2020 COVID-19 pandemic, or the 2022 Ukraine invasion. In contrast, the Fordow strike, while symbolically nuclear, remained regionally contained and did not disrupt global supply chains or paralyze economies. Quiet Coordination Behind the Scenes Speculation of backchannel coordination among major powers also helped ease market fears. It appeared that global actors were aiming to de-escalate, not escalate — calming investor nerves and muting the instinctive rush to gold. What Could Trigger a Gold Surge? The most likely trigger for a sharp spike in gold would be: The closure of the Strait of Hormuz, threatening global energy shipping, or A full-scale confrontation between the U.S. and Iran, involving strategic military bases across the Gulf region. Only then might gold reclaim its status as the ultimate safe haven and guardian of wealth. Until such a spark ignites the markets, however, gold is likely to remain subdued, quietly waiting for a larger geopolitical shock to fuel a true breakout rally. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean


See - Sada Elbalad
5 hours ago
- See - Sada Elbalad
Sisi & UK Prime Minister Welcome Israel-Iran Ceasefire, Call for Diplomatic Resolution
H-Tayea President Abdel Fattah El-Sisi received a phone call today from UK Prime Minister Keir Starmer, during which both leaders expressed satisfaction with the recently declared ceasefire between Israel and Iran and emphasized the urgent need to return to diplomatic negotiations. According to Presidential Spokesperson Mohamed El-Shenawy, the two leaders reaffirmed the strength of bilateral relations between Egypt and the United Kingdom and their mutual commitment to enhancing cooperation across multiple sectors, particularly in economics and investment. Prime Minister Starmer conveyed his anticipation of President El-Sisi's visit to London following an invitation extended by King Charles III. In response, President El-Sisi reiterated Egypt's invitation for the British Prime Minister to visit Cairo later this year. During the call, both leaders welcomed the de-escalation of tensions between Israel and Iran, stressing the importance of adhering to the ceasefire and prioritizing peaceful dialogue over military solutions to preserve regional stability and protect the interests of their respective populations. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean