Egypt’s landmark investor conference ends today, with some remarkable pledges being made. In particular, as The National reported yesterday, four Gulf nations pledged an astonishing $12.5bn (Dh45.9bn) in aid and investment.
Such sums can seem overwhelming, but, in the context of Egypt, these numbers are needed. Egypt’s population of 90 million is by a long way the largest in the Arab world, with a majority of them under 30 years old. These young men and women will need jobs, stability and hope for the future, or the country could face a very rocky future.
And not just the country. Behind the vast numbers there are clear political calculations. Egypt is the pivotal Arab country, one that has an enormous effect on what happens in North Africa and across the Levant and the Gulf. It is vital politically and economically. But it is also vital religiously. Egypt’s Al Azhar University is the heart of moderate Sunni Islamic scholarship. Its role as a counterweight to the extremist misinterpretations of the faith espoused by ISIL and other militant groups is vital for peace in the region.
But there is also something else to Egypt, an emotion detectable in the words of Sheikh Mohammed bin Rashid, the Vice President and Prime Minister and Ruler of Dubai: “Egypt is our second country. To stand by Egypt is to breathe life into the future of the Arab nation.”
Egypt has always been the spiritual heart of the Arab world. No country in the Middle East can claim the history, the culture and political influence of Egypt – and for many Arabs, until probably the 1980s, it was to Cairo that they looked for inspiration and even leadership.
Since the 1980s that has changed and it is noticeable that young Emiratis don’t share the same romantic notions of Egypt as their parents. Unsurprisingly, perhaps: Egypt in the past 30 years has become more corrupt, more crowded, less culturally relevant. While Egypt’s star has faded, that of Lebanon and the Gulf has brightened.
But what Sheikh Mohammed and other Gulf leaders recognise is that Egypt can once again become that relevant, leading nation. With the help of the Gulf and the endeavours of its own people, it will. For the wider region, it must.
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
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BEETLEJUICE BEETLEJUICE
Starring: Winona Ryder, Michael Keaton, Jenny Ortega
Director: Tim Burton
Rating: 3/5
Poacher
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Israel Palestine on Swedish TV 1958-1989
Director: Goran Hugo Olsson
Rating: 5/5
Aquaman%20and%20the%20Lost%20Kingdom
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The%20specs
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Diriyah%20project%20at%20a%20glance
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The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
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Ipaf in numbers
Established: 2008
Prize money: $50,000 (Dh183,650) for winners and $10,000 for those on the shortlist.
Winning novels: 13
Shortlisted novels: 66
Longlisted novels: 111
Total number of novels submitted: 1,780
Novels translated internationally: 66
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A list of the animal rescue organisations in the UAE
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Squads
Sri Lanka Tharanga (c), Mathews, Dickwella (wk), Gunathilaka, Mendis, Kapugedera, Siriwardana, Pushpakumara, Dananjaya, Sandakan, Perera, Hasaranga, Malinga, Chameera, Fernando.
India Kohli (c), Dhawan, Rohit, Rahul, Pandey, Rahane, Jadhav, Dhoni (wk), Pandya, Axar, Kuldeep, Chahal, Bumrah, Bhuvneshwar, Thakur.
Leaderboard
63 - Mike Lorenzo-Vera (FRA)
64 - Rory McIlroy (NIR)
66 - Jon Rahm (ESP)
67 - Tom Lewis (ENG), Tommy Fleetwood (ENG)
68 - Rafael Cabrera-Bello (ESP), Marcus Kinhult (SWE)
69 - Justin Rose (ENG), Thomas Detry (BEL), Francesco Molinari (ITA), Danny Willett (ENG), Li Haotong (CHN), Matthias Schwab (AUT)
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The Penguin
Starring: Colin Farrell, Cristin Milioti, Rhenzy Feliz
Creator: Lauren LeFranc
Rating: 4/5
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
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