DP World ILT20 Season 3 merchandise finds new purpose in Madagascar through Gulf for Good partnership - Middle East Business News and Information
The DP World International League T20 Season 4 will begin on Tuesday, 2 December – UAE National Day (Eid-Al-Etihad) with a blockbuster opening, the six-team, 34-match tournament will conclude with the final on Sunday, 4 January 2026
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Egypt Independent
an hour ago
- Egypt Independent
Egypt's government plans to borrow from citizens through retail bonds
Economic expert Mohamed Fouad, the head of the al-Adl Center for Public Policy Studies, commented on the announcement by Finance Minister Ahmed Kouchouk of the issuance of retail bonds for individuals to help them find new savings methods. Kouchouk has said that the government is considering launching Egyptian pound-denominated sukuk and bonds for individuals during the current fiscal year. These instruments 'will provide additional liquidity through the new notes and provide a new savings mechanism for citizens,' he noted. Fouad said via his X account that 'The idea is excellent. The government is borrowing from savings, since the majority of banks' investments are in government debt instruments.' 'Citizens are accustomed to certificates (of deposits), while investing in debt instruments is limited to companies and higher-income individuals. The outcome of the proposal will be higher returns for individuals and less funding for the government. Win-win, not in vain.' Retail bonds are a government debt instrument aimed at financing the state's general budget. These bonds are available to individuals and institutions and feature a specific maturity period and a periodic return known as a coupon. Edited translation from Al-Masry Al-Youm
Daily News Egypt
2 days ago
- Daily News Egypt
Egypt's FM delivers Al-Sisi message to Niger's leader, seeks deeper security ties
Egyptian Foreign Minister Badr Abdelatty met with Niger's leader, General Abdourahamane Tchiani, in Niamey on Wednesday and delivered a written message from President Abdel Fattah al-Sisi aimed at strengthening security and economic ties, Egypt's foreign ministry said. In a statement, the ministry said Abdelatty's visit came as part of a push to enhance cooperation, with the minister conveying Sisi's greetings and stressing that the trip was aimed at supporting Niger based on the historical ties between the two nations. Abdelatty highlighted the strategic importance of Niger's stability for Egypt's national security, describing the Sahel region as a 'natural extension of Egypt's strategic neighbourhood.' He said that growing terrorist threats and the spread of armed groups across the continent necessitated enhanced security cooperation and the exchange of expertise between Egypt and Niger. The talks also focused on expanding economic partnerships. The foreign minister noted that he was accompanied by a high-level delegation of 30 Egyptian business leaders to participate in the first Egyptian-Nigerien Business Forum. The forum aims to boost economic, trade, and investment cooperation, particularly in the energy, infrastructure, construction, and mining sectors. The statement said the discussions covered existing cooperation in combating terrorism and extremist ideology. Abdelatty highlighted the role of Cairo-based institutions, including Al-Azhar, which provides training for Nigerian imams and scholarships for students, as well as the Cairo International Center for Conflict Resolution and the Egyptian Agency for Partnership for Development (EAPD), which offer capacity-building programmes for Nigerian personnel. For his part, President Tchiani asked Abdelatty to convey his greetings and appreciation to President Sisi, expressing his country's gratitude for Egypt's support in facing its security and development challenges. He also praised Egypt's leading regional and international role and the support provided by Al-Azhar in religious education. The two officials also discussed regional issues, including developments in the Sahel and West Africa and the security challenges posed by the spread of terrorist organisations.
Daily News Egypt
2 days ago
- Daily News Egypt
Egyptian foreign minister delivers Al-Sisi message to Mali's Goïta
Egyptian Foreign Minister Badr Abdelatty met with Mali's leader, Assimi Goïta, in Bamako on Thursday, delivering a written message from President Abdel Fattah al-Sisi aimed at strengthening security and economic ties, the Egyptian foreign ministry said. In a statement, the ministry said Abdelatty conveyed Sisi's greetings and stressed that the visit reflected Egypt's commitment to providing technical, logistical, and institutional support to Mali to help it achieve security and stability, given the country's pivotal role in its region. The foreign minister highlighted the recent Egyptian-Malian Business Forum, noting that he was accompanied by a high-level delegation of 30 Egyptian business leaders from both public and private sectors. He said this reflected Egypt's interest in pushing economic, trade, and investment ties with Mali into 'broader horizons,' particularly in infrastructure, pharmaceuticals, construction, energy, and mining. The talks also covered security cooperation, with Abdelatty stressing Egypt's capacity-building efforts. He noted that more than 100 Malian officials had benefited from Egyptian training programmes this year, including a workshop in Bamako on post-conflict reconstruction organised by the Cairo International Center for Conflict Resolution, Peacekeeping and Peacebuilding. Abdelatty also pointed to the key role of Cairo's Al-Azhar in countering extremist ideology through its religious envoys in Mali. The two officials also discussed regional issues, including the situation in the Sahel and Sahara region. For his part, Mali's President Goïta asked Abdelatty to convey his greetings and appreciation to President Sisi, expressing his country's gratitude for Egypt's leading role in supporting the African continent and its firm support for stability and development in Mali, the statement said.
