Live updates: Follow the latest on Israel-Gaza
Egyptian President Abdel Fattah El Sisi arrived in Doha on Sunday, where he was received by Qatar’s Emir Tamim bin Hamad Al Thani.
The visit, part of a broader Gulf tour including Kuwait, is aimed at strengthening bilateral relations with Gulf countries and addressing pressing regional issues, particularly Israel’s war in Gaza, according to Mr El Sisi’s spokesman.
Mr El Sisi is also scheduled to meet a delegation of Qatari business leaders to discuss expanding economic co-operation between the two countries.
The leaders will “discuss avenues to enhance co-operation across various sectors, alongside key regional developments”, the Egyptian presidency said. However, central to their discussions will be the continuing conflict in Gaza and efforts to return to a ceasefire in the embattled Palestinian enclave.
Gaza diplomacy
Egypt, Qatar and other international players have previously worked together to mediate between Israel and Palestinian factions. After a fragile ceasefire signed in January held for two months, recent escalations have reignited violence, with Israel resuming air strikes and ground operations in Gaza, and the number of casualties rising.
Mr El Sisi’s visit to Doha aims to reinvigorate diplomatic efforts to stabilise the situation, ensure the flow of aid and prevent further humanitarian catastrophes in the region.
Beyond political discussions, the visit is expected to bolster economic ties between Egypt and Qatar at a time when Egypt’s economy is facing uncertainty and rising inflation. Mr El Sisi’s trip comes two days after Egypt's government raised fuel prices, part of a larger wave of subsidy cuts that started last year.
Trade ties
Trade relations between the two nations have become stronger in recent years. In December, Qatar exported $4.4 million of goods to Egypt, primarily cars, ethylene polymers and construction vehicles. Meanwhile, Egypt exported $12.2 million of produce to Qatar, with citrus fruit, video displays and tomatoes leading the list.
While Qatar’s exports to Egypt underwent a 20.3 per cent decline year-on-year, imports from Egypt increased significantly by 72.7 per cent, reflecting opportunities for expanded trade.
Following his visit to Qatar, Mr El Sisi will continue his Gulf tour with a stop in Kuwait, for talks on the same matters. His visit to Doha marks only his third trip to Qatar since the two countries reconciled after a years-long rift.
The dispute between the countries has gradually healed since the 2021 AlUla Declaration. Relations have since improved significantly, with Qatar's Emir visiting Cairo several times, including as recently as March 4, when he participated in an Arab League summit on Gaza.
Zidane's managerial achievements
La Liga: 2016/17
Spanish Super Cup: 2017
Uefa Champions League: 2015/16, 2016/17, 2017/18
Uefa Super Cup: 2016, 2017
Fifa Club World Cup: 2016, 2017
Tewellah by Nawal Zoghbi is out now.
GIANT REVIEW
Starring: Amir El-Masry, Pierce Brosnan
Director: Athale
Rating: 4/5
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Company profile
Name: Tharb
Started: December 2016
Founder: Eisa Alsubousi
Based: Abu Dhabi
Sector: Luxury leather goods
Initial investment: Dh150,000 from personal savings
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UAE currency: the story behind the money in your pockets
Top investing tips for UAE residents in 2021
Build an emergency fund: Make sure you have enough cash to cover six months of expenses as a buffer against unexpected problems before you begin investing, advises Steve Cronin, the founder of DeadSimpleSaving.com.
Think long-term: When you invest, you need to have a long-term mindset, so don’t worry about momentary ups and downs in the stock market.
Invest worldwide: Diversify your investments globally, ideally by way of a global stock index fund.
Is your money tied up: Avoid anything where you cannot get your money back in full within a month at any time without any penalty.
Skip past the promises: “If an investment product is offering more than 10 per cent return per year, it is either extremely risky or a scam,” Mr Cronin says.
Choose plans with low fees: Make sure that any funds you buy do not charge more than 1 per cent in fees, Mr Cronin says. “If you invest by yourself, you can easily stay below this figure.” Managed funds and commissionable investments often come with higher fees.
Be sceptical about recommendations: If someone suggests an investment to you, ask if they stand to gain, advises Mr Cronin. “If they are receiving commission, they are unlikely to recommend an investment that’s best for you.”
Get financially independent: Mr Cronin advises UAE residents to pursue financial independence. Start with a Google search and improve your knowledge via expat investing websites or Facebook groups such as SimplyFI.
Specs
Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request
UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
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F1 2020 calendar
March 15 - Australia, Melbourne; March 22 - Bahrain, Sakhir; April 5 - Vietnam, Hanoi; April 19 - China, Shanghai; May 3 - Netherlands, Zandvoort; May 20 - Spain, Barcelona; May 24 - Monaco, Monaco; June 7 - Azerbaijan, Baku; June 14 - Canada, Montreal; June 28 - France, Le Castellet; July 5 - Austria, Spielberg; July 19 - Great Britain, Silverstone; August 2 - Hungary, Budapest; August 30 - Belgium, Spa; September 6 - Italy, Monza; September 20 - Singapore, Singapore; September 27 - Russia, Sochi; October 11 - Japan, Suzuka; October 25 - United States, Austin; November 1 - Mexico City, Mexico City; November 15 - Brazil, Sao Paulo; November 29 - Abu Dhabi, Abu Dhabi.
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
