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Arab Finance – Investment discusses developments in the Deme Hyport hydrogen production project in Egypt worth 24 billion euros


Investment is examining the developments of the Deme Hyport hydrogen production project in Egypt worth 24 billion euros

Arab Finance: Engineer Hassan Al-Khatib, Minister of Investment and Foreign Trade, met with Giuseppe Stefani – General Manager of Deme Hyport Energy, where the meeting discussed investment opportunities and components in the Egyptian market, as well as developments in the company’s project in Egypt to produce green hydrogen and green ammonia, according to a description. statement cabinet.

The Minister stressed the keenness of the Ministry and its affiliated agencies to provide all aspects of support for the company’s project in Egypt to produce green hydrogen, its derivatives, and green ammonia in the Jarjoub region. This project represents great importance to the Egyptian state, and comes within the framework of its current trends to expand green energy projects.

For his part, Mr. Giuseppe Stefani – General Manager of Deme Hyport Energy, stressed the company’s keenness to be present and expand in the Egyptian market as it is one of the main investment destinations in the region, noting that the investment cost of the first phase of the company’s project in Egypt amounts to 3 billion euros, bringing the investment cost of the project as a whole to 24 billion. Euros for the three project phases.

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Virat, Rahul, Sarfaraz… Rohit's 5 stalwarts were out for zero, New Zealand tore the threads of Team India in this style

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New Delhi. When Rohit Sharma and company took the field against New Zealand on Thursday, it was expected that the Indian team would set a huge score against the Kiwis at the Chinnaswamy Stadium in Bengaluru. On the contrary, Team India's threads were unraveled by the team captained by Tom Latham. Be it Virat Kohli or KL Rahul, Sarfaraz Khan or Ravindra Jadeja and Ravichandran Ashwin, all of them disappointed the Indian fans. No one would have expected that not one or two but five players from India would be out on zero in their own home.

The entire Indian team was all out for 46 runs. Matt Harry took five wickets while William Oruke also got four wickets. India had lost three wickets as soon as it reached 10 runs. Rohit Sharma was out after scoring just two runs while Virat Kohli was caught by Glenn Phillip after facing 9 balls. In the very next over, Sarfaraz Khan was also out for zero after playing 3 balls. Team India's bad times did not stop here. Aggressive batsman Yashasvi Jaiswal, who was playing after scoring only 13 runs after facing 63 balls, also got caught out in the very next over.



US Yemen Houthi Rebels Attack; Joe Biden B2 Stealth Bombers | America attacked Houthi rebels in Yemen: destroyed 5 weapons depots, used B-2 bomber aircraft for the first time


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Manufacturing of B-2 Spirit bomber has stopped in America. At present it is said to be the deadliest aircraft in the world. footage file

The US Air Force bombed Houthi rebel positions in Yemen on Wednesday night. Aljazeera quoted US Defense Secretary Lloyd Austin as saying that a B-2 stealth bomber carried out a precise attack on 5 targets near Yemen's capital Sanaa.

Austin said Houthi rebels had hidden deadly weapons underground. They used it to attack other countries and target ships in the Red Sea and the Gulf of Aden.

The US Defense Minister said that these attacks were carried out on the instructions of President Biden. He said that it is clear from our answer that no matter how deep the enemy hides his weapons underground, we will find them and destroy them.

Houthi rebels have also confirmed the attack. However, he did not give any information about the amount of loss incurred.

According to CNN, this is the first time that America has used B-2 bomber in Yemen. Before this, the US Army had been using fighter jets in Yemen. Just a month ago, America had deployed B-2 stealth bomber at the secret military base Diego Garcia located in the Indian Ocean.

America has 19 B-2 stealth bombers According to reports, B-2 stealth bomber is considered to be America's deadliest weapon. During the Cold War, America and Russia were engaged in a dangerous arms race. Then it was prepared in America. The B-2 stealth bomber was manufactured from 1987 to 2000.

America had set a target of manufacturing 132 units of B-2 stealth bomber but only 21 could be manufactured. Two B-2 aircraft met with accidents in 2008 and 2022. America now has only 19 B-2 stealth bombers left.

The B-2 aircraft is capable of carrying more bombs than a fighter jet. It can also carry nuclear weapons. According to some reports, B-2 aircraft is no longer manufactured due to high budget. America has not sold this aircraft to any country till date.

Why did America attack the hideout of Houthi rebels? Israel has been attacking Gaza since October 7. In response, Houthi rebels are targeting ships of Israel's allies in the sea. According to CNN, till now Houthi rebels have attacked more than 100 ships in the sea.

Yemen's Houthi rebels are pressuring Israel to end the war.

Yemen's Houthi rebels are pressuring Israel to end the war.

Who are the Houthi rebels?

  • Civil war started in Yemen in 2014. Its root is the Shia-Sunni dispute. The two communities have been at loggerheads since the beginning of the Arab Spring in 2011, which escalated into civil war, the Carnegie Middle East Center reports. In 2014, Shia rebels opened a front against the Sunni government.
  • This government was led by President Abdrabbhu Mansour Hadi. Hadi seized power in February 2012 from former President Ali Abdullah Saleh, who had been in power for a long time after the Arab Spring. Hadi was struggling to bring stability to the country amid change. At the same time, the army split and the separatist Houthis mobilized in the south.
  • In the race for dominance in Arab countries, Iran and Saudi Arabia also jumped into this civil war. On one hand, Houthi rebels got support from Shia dominated country Iran. So the government of the Sunni majority country Saudi Arabia.
  • Within no time, the rebels known as Houthi captured a large part of the country. In 2015, the situation had become such that the rebels had forced the entire government to go into exile.
  • Thanks to the support they are getting from Iran, the Houthi rebels have turned into a trend fighting group. The Houthi rebels have modern weapons and even their own helicopters.

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Ballistic missile of Houthi rebels reached Central Israel for the first time: Target hit from a distance of 2600km

Houthi rebels attacked Israel with ballistic missiles for the first time. According to CNN, even Israel's air defense system Iron Dome could not stop this attack. A military target in Jaffa was attacked with a hypersonic ballistic missile from a distance of 2600 kilometers. Read the full news here…

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Now waiting tickets can be booked 60 days in advance


Indian Railways has changed the rules of waiting tickets. Now instead of 120 days, you will be able to book tickets 60 days in advance.

Pakistan vs England, 2nd Test Day 3, Live Score Updates: Pakistan Off To Rocky Start Despite 1st Innings Lead

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Pakistan vs England, 2nd Test Day 3, Live Updates© AFP




Pakistan vs England 2nd Test Day 3, Live Updates: Pakistan stumbled to 43/3 at Lunch on Day 1, despite taking the first innings lead. Openers Abdullah Shafique and Saim Ayub, as well as skipper Shan Masood, were dismissed by Shoaib Bashir in the first session. Earlier, a 7-fer by Sajid Khan helped Pakistan gain a first innings lead of 75, as England were bundled out for 291. (Live Scorecard)

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Nestle India Q2 Results 2024 Update; Share Price | Earning And Net Profit | Nestle India profits at ₹986.4 crore in July-September quarter: up 8.6% YoY, revenue at ₹5,104 crore; Shares fell 12% this year


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  • Nestle India Q2 Results 2024 Update; Share Price | Earning And Net Profit

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Nestle India, a company making consumer goods like Maggi, chocolate, coffee, has made a profit of Rs 986.4 crore in the second quarter of the financial year 2024-25. There has been an increase of 8.6% on annual basis. The company had made a profit of Rs 908 crore in the same quarter a year ago.

The company generated standalone revenue of Rs 5,104 crore in the July-September quarter. Last year in July-September it was Rs 5,037 crore. There has been a slight increase of 1.34% on annual basis.

Nestle India's profit increases by 8% in Q2 FY25

on an annual basis

Nestle India FY25 (July-September) FY24 (July-September) Change (%)
operational revenue ₹5104 ₹5037 1.33%
other income ₹6.9 ₹33.3 -79.27%
total income ₹5111 ₹5070 0.81%
total expense ₹4090 ₹3954 3.44%
net profit ₹986 ₹908 8.59%
EBITDA ₹1,168 ₹1,225 4.7%
EBITDA Margin 22.9% 24.2% 130bps

Note – Figures in crores of rupees…

Nestle India's total income increased by 5% on quarterly basis.

Nestle India FY25 (July-September) FY25 (April-June) Change (%)
operational revenue ₹5104 ₹4814 6.02%
other income ₹6.9 ₹39 -82.31%
total income ₹5111 ₹4853 5.32%
total expense ₹4090 ₹3844 6.40%
net profit ₹986 ₹747 32%

Note – Figures in crores of rupees…

Nestle India's shares have risen less than 2% in a year

After the Q2FY25 results, the company's stock is down by 3.46% today (Thursday, October 17) and is trading at Rs 2377. The company's stock has fallen 6.67% in the last one month, 3.47% in six months and 13.16% this year (January 1 to date). At the same time, it has increased only 1.91% in the last one year.

Nestle India shares are trading at Rs 2388, down more than 3% at 12:51 pm on Thursday. The market capitalization of the company is Rs 2.29 lakh crore.

Nestle India shares are trading at Rs 2388, down more than 3% at 12:51 pm on Thursday. The market capitalization of the company is Rs 2.29 lakh crore.

Nestle India was established in 1959

Nestle India Limited is the Indian subsidiary of the multinational company Nestle. Its headquarters is in Gurgaon, Haryana. The company manufactures products like food, beverages, chocolate and confectionery.

Nestle India was formed on 28 March 1959. Parent company Nestle has more than 60% stake in Nestle India. Nestle India has 9 production facilities across the country.

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Heartbreaking scene in Gaza, dogs eating dead bodies on the road; 42 thousand deaths so far


More than a year has now passed since the war broke out between Israel and Hamas. The conflict in Gaza has been going on since Hamas attacked Israel on October 7 last year. Now heartbreaking pictures have emerged from war-torn Gaza. In these pictures, stray dogs are seen eating abandoned dead bodies. Gaza's emergency services chief Fares Afana said he and his colleagues found bodies of Palestinians killed in northern Gaza, many of which bore signs of being eaten by animals.

“Hungry stray dogs are eating these bodies on the road. This is making it difficult for us to even identify the bodies,” Fares Afana told CNN. Referring to the air and ground attacks in northern Gaza and Jabaliya area, he said that the havoc of the Israeli army continues. Now Gaza, which is grappling with tragedy, is not able to even cremate the dead bodies. Israel has claimed that Hamas fighters are regrouping in these areas.

'The situation is getting worse'

On October 7 last year, Hamas attacked Israel. 1,206 people were killed in these attacks, most of whom were civilians. Since then, 42,409 people have been killed in Gaza due to Israeli attacks while more than 99,153 people have been injured. On Wednesday, the Gaza Health Ministry said that 65 Palestinians had been killed in Israeli military attacks in the last 24 hours. Afana reported that on Monday Israeli soldiers fired on hungry people searching for food in a relief camp center run by the United Nations Agency for Palestine Refugees (UNRWA). “The situation is getting worse. What is happening in northern Gaza is truly genocide,” he said.

Fear of famine in Gaza

Meanwhile, UNRWA warned on Wednesday of the risk of famine in Gaza. In a press conference, UNRWA chief Philippe Lazzarini said that famine and acute malnutrition remain in Gaza. He said that it has become a kind of wasteland and it is not even habitable.

Bungalow worth 70 crores in Mumbai, collection of luxury cars, this South actress's net worth is more than her husband.



Bungalow worth 70 crores in Mumbai, collection of luxury cars, this South actress's net worth is more than her husband.

South Asian Women's 'World Cup' starts today


The official name of the tournament is Saaf Women's Championship. Changing the name to 'South Asian Women's World Cup' would not be wrong. It is the biggest tournament for SAFF women.

Starting in 2010, Nepal has reached the six finals of the SAFF Women's Championship and has suffered the pain of being the runner-up each time. India has always laughed while making Nepal cry. Having won all the first five finals, India stumbled into 2022 as 'undefeated'. Couldn't make it to the finals. Bangladesh became the champion by defeating the host Nepal 3-1 in their own field in the first final. The whole country is enjoying the festival. The memory of the procession of the winning girls in an open-top bus from Dhaka airport to Motijheel Bauffe Bhavan is still vivid.

Arab Finance – Fawry launches your health Fawry after issuing more than 700,000 insurance policies since its founding


Fawry launches your health, Fawry, after issuing more than 700,000 insurance policies since its founding

Arab Finance: Company announced Fawry for Banking and Electronic Payments Technology (FWRY)announced the launch of its new medical insurance product, “Your Health Fawry,” as part of its ongoing strategy to expand its financial services portfolio. This product was developed in collaboration with GIG Insurance, and is a fully digital product available through the “My Fawry” application and the “My Fawry” prepaid card.

The new product provides a range of health coverage options for individuals and families, including inpatient coverage up to EGP 25,000, free telehealth consultations, and discounted services from a wide network of healthcare providers.

The launch of the “Your Health Fawry” product through Fawry Insurance Brokerage Company, a subsidiary of Fawry, comes after the company’s success in issuing more than 700,000 digital insurance policies, covering different types of insurance.

Fawry’s partnership with GIG Insurance Company guarantees comprehensive coverage for medical operations in all hospitals in Egypt up to 25,000 Egyptian pounds, which allows obtaining discounts from major medical service providers such as the tower and laboratory radiology centers and laboratories affiliated with the Integrated Diagnostic Holding Company, Nile Radiology and Analysis Laboratories, and Al-Shams, Dawi Clinics, and City Clinics, in addition to outpatient services in 30 hospitals, “Shifa” Company for pharmacies and “Al-Tibbi” for remote medical services.

Users can easily subscribe to the service via the “My Fawry” application, and choose between two individual plans or a family plan. The My Fawry prepaid card acts as a customer identification and eligibility verification tool, giving them access to the full range of benefits available at participating healthcare providers.

By adding medical insurance to its diverse range of services, which already includes payments, “buy now, pay later” service, savings, and an Fawry emergency policy, the “My Fawry” prepaid card becomes the first integrated solution in Egypt that combines lending, payments, and savings. and insurance, which strengthens Fawry’s role as a pioneer in the field of blended finance and financial inclusion.

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