Developing nations must adapt to withstand global economic shocks, says Egypt’s PM Mostafa Madbouly

DUBAI: Egypt is responding to recent global economic turmoil by encouraging private sector investment, exploring new technologies, prioritizing the green transition, and shaking up its governance model, Egyptian Prime Minister Mostafa Madbouly has said. The Arab world’s most populous country, home to more than 110 million people, has been almost uniquely vulnerable to the economic … Read more

Party begins as Ivory Coast rally to beat Nigeria 2-1 and win Africa Cup of Nations

Arab Women’s Sports Tournament looks to welcome more Saudi involvement, says event director RIYADH: The Arab Women’s Sports Tournament in Sharjah, which ends on Feb. 12, saw four Saudi clubs — Capital, Al-Ittihad, Al-Khaleej, and Al-Thuqbah — take part in the seventh edition of the event. The largest female-only sporting event in the Arab world … Read more

Arab nations see 9.8% surge in public expenditure, reaching $957.5bn in 2022: report 

RIYADH: Arab countries witnessed a 9.8 percent increase in total public expenditure, reaching $957.5 billion in 2022, compared to $878.9 billion in 2021, according to a recent analysis.  The 43rd edition of the Arab Monetary Fund’s Joint Arab Economic Report disclosed that combined current expenditures in these nations jumped 9.9 percent to $824.6 billion in … Read more

World Cup finalist France, Euro 2020 winner Italy, Belgium and Israel drawn in Nations League group

Ibrahimović once again helping AC Milan mount improbable Serie A title challenge MILAN, Italy: Zlatan Ibrahimović could once again be helping AC Milan mount an improbable title challenge.AC Milan host defending champion Napoli this weekend while eight points behind Serie A leader Inter Milan, which have a game in hand. They would take an unlikely … Read more

Arab League chief calls on nations to maintain support for UN relief agency in Gaza

BEIRUT: Israeli bombing in southern Lebanese border areas on Wednesday left one person dead and caused major damage to water supply networks. A civilian was killed, and two other people injured, one critically, when a missile struck a house in the village of Khiam. And in a separate incident, an Israeli drone attack hit pumping systems … Read more

From hope to despair: Arab nations disappoint at continental showpieces in Asia, Africa

PGA Tour strikes $3 billion deal with Fenway-led investment group. Players to get equity ownership PEBBLE BEACH, California: The PGA Tour is getting a $3 billion investment from Strategic Sports Group in a deal announced Wednesday that would give players access to more than $1.5 billion as equity owners in the new PGA Tour Enterprises. … Read more

Hakimi misses penalty as South Africa knock Morocco out of Cup of Nations

Heartache for Saudi Arabia as late equalizer and penalty shootout dash Asian Cup dreams DOHA: After 120 minutes of intense football action ended in a 1-1 draw, Saudi Arabia’s Asian Cup campaign came to end in heartbreaking fashion on Tuesday with a 4-2 penalty shootout defeat at the hands of South Korea. In was a … Read more

Algeria crash out of Cup of Nations as Cameroon qualify for last 16

ABIDJAN: Former champions Algeria crashed out of the Africa Cup of Nations in the group stage on Tuesday after a shock defeat against Mauritania, but Cameroon secured a last-16 place with a dramatic victory over Gambia. Algeria won their second AFCON title in Egypt in 2019 but were then sent packing in the group stage … Read more

Salah will miss two Africa Cup of Nations games — Egypt federation

MUNICH, Germany: Germany said an emotional goodbye to Franz Beckenbauer on Friday, former teammate Uli Hoeness crediting the football legend with making Germans “proud” again.Beckenbauer died on January 7 in Austria and was laid to rest in a private ceremony in Munich five days later.Friday’s ceremony, which featured leading lights of German football and politics, … Read more