Author: Lutfi Hanon

In Expo 2025 at Osaka, Kuwait’s pavilion with a “Visionary Lighthouse” theme has proved itself a unique experience, guiding guests along a story that connects the countries deep history with its visionary outlook. When first entering, visitors experience a range of deliberate displays, multimedia installations, and interactive experiences that paint a picture of Kuwait’s extensive past, its astonishing evolution, and its future prospects. The engaging attraction showcases the vibrancy of culture and revolutionary spirit of this Gulf country, showing it to be rooted in tradition while ever moving forward. Before leaving the attraction, guests are offered the chance to taste…

Read More

Today in history, Kuwait has seen a variety of crucial events molding its course in time. In 1952, Sultan Ibrahim Al-Klaib passed away aged 63 years. He was a distinguished individual who sat on the Al-Maaref council and municipal council alike. 38 years later, throughout the beginning of Iraq’s 1990 occupation, Iraqi authorities sent civilians from allied countries to several deliberate locations all over Kuwait and Iraq. Meanwhile, the United Nations Security Council urged Iraq to allow non-Iraqis to depart securely and not to put them in harm’s way. Then, in 1992, a defense treaty was signed in Paris between…

Read More

After a dire bus crash in Algiers, Kuwait shared its sympathies and support with Algeria for the vehicle that fell into the Oued El Harrach riverbed, causing several deaths and injuries. Kuwait’s solidarity with the Algerian people was reiterated by the Ministry of Foreign Affairs.  As Air Vice Marshal Sabah Jaber Al-Ahmad Al-Sabah, Vice Chief of Staff of the Kuwaiti Army, convened with Lieutenant General Theyab bin Saqr Al Nuaimi, Chief of Staff of the Bahrain Defense Force in Bahrain, the pair discussed mutual cooperation and reinforcing two-way defense partnerships.  Simultaneously, in Cairo, Dr. Mohammad Mustafa, the Prime Minister of…

Read More

The announcement of the annual personnel movement for 2025 by the Ministry of Interior in Egypt has encompassed the promotion of various seasoned security executives within attempts to improve policing ability as a direct counter to present social and economic obstacles. Notably, Colonel Muhammad Fatah Allah Ghazi Ibrahim was elevated to the position of Assistant Minister for Economic Security. This promotion gives merit to his vast history in tackling sensitive tasks, specifically those relating to the administration of goods and anti-hoarding campaigns. His part in market supervision and price policing have made Colonel Fatah Allah a eminent figure for his…

Read More

In a decision imparted by the Minister of Interior, Mahmoud Tawfiq, Colonel Muhammad Fatah Allah Ghazi Ibrahim has been promoted to Assistant Minister for the Economic Security Sector, with this being consequent of his prominent recent achievements. In particular, he has opposed covetous traders, countered commodity stockpiling, and apprehended hundreds of tons of goods by pursuing wheat thieves. Of the most effective measures taken by specialized food security police in upsetting black markets and combating price inflation were field operations conducted across various governorates, especially amidst the country’s current monetary strife. This was not limited to food alone, as these…

Read More

In line with official statistics, 10 trillion Egyptian pounds have been dedicated to update and improve Egypt’s infrastructure over the past ten years. This considerable investment focused on several areas like transportation systems, power grids, and public utilities. Government representatives have signified the strategic allocation of these funds to raise living standards and promote prolonged economic growth spanning the entire country.

Read More

As per the words of Mehmet Simsek, Turkey’s Minister of Finance, the country returned to a ‘positive phase’ after a period of economic turbulence during March. A palpable market disturbance, entailing a spike in interest rates and a drop in foreign exchange reserves, was consequent of the arrest of Ekrem Imamoglu, the mayor of Istanbul, on the 19th of March. The central bank of Turkey lowered its key interest rate to 43% this week, dropping 300 basis points, and thus re-initiating a pattern of rate reduction that was disturbed in March. Indicative of this, Turkey’s credit rating was elevated to…

Read More

The Minister of Planning, Economic Development, and International Cooperation in Egypt conducted a bilateral conference with their South African equivalent throughout the G20 ministerial development meetings. Discussions revolved around boosting collaboration between both parties within South Africa’s G20 presidency with the aim of reforming international financial frameworks. The Egyptian minister underlined the significance of concerted endeavors to generate a just financial system capable of propping up weaker economies. The aim of this cooperation is to bolster multilateral agreements and encourage inclusive economic development internationally.

Read More

Al-Mal Special Report spotlighted a study conducted by the Islamic Economics Center at Al-Azhar University, which questioned Islamic countries incapability to meet various obligations resulting from international pressures by organizations like the International Monetary Fund, World Bank, World Trade Organization, amongst others.  This study stressed necessity for the creation of an Islamic economic pact to counteract globalization. Such a partnership is said to be able to placate unwanted effects of global economic trends while helping engineer a robust Islamic economy with the capacity to compete at the highest international economic level through reform.  Also overviewed in the report were various…

Read More

Dr. Bilal Shaib, a specialist in economics, accentuated the consequence of transportation and infrastructure ventures in mobilizing economic growth in Egypt, telling that “It must be noted that Egypt’s efforts in the transport and communications sector form a fundamental pillar for national economic growth, as these projects significantly contribute to attracting investments and creating an environment conducive to the private sector.” Over 10 trillion Egyptian pounds have been set by the government for infrastructure betterment and expansion, counting transportation, which is a major part of this sector. Dr. Shaib elaborated via phone call interview with Extra News channel, “Since 2013,…

Read More