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Egyptian Tycoon Mohamed al-Fayed Dies at 94

Mohamed Al Fayed (File Photo: Reuters)
Mohamed Al Fayed (File Photo: Reuters)
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Egyptian Tycoon Mohamed al-Fayed Dies at 94

Mohamed Al Fayed (File Photo: Reuters)
Mohamed Al Fayed (File Photo: Reuters)

The famous Egyptian billionaire and businessman Mohamed Al-Fayed passed away on Friday in London at 94 after a busy career in finance and business.

According to Forbes magazine, Fayed was among the list of the most famous economists in the world, with a fortune estimated at $2 billion.

The funeral took place after Friday prayers from the Regent's Park Mosque in London, surrounded by his family and members of the Arab and Egyptian communities.

Fayed was born in Alexandria in the Ras El-Tin area on January 27, 1929, to a father who worked in teaching. He moved to the UK in the mid-seventies of the last century, where he amassed a considerable fortune.

He owned the famous Harrods department store in London before selling it in 2010. He also owned the Ritz Paris hotel, which reopened in 2016, and the English football club Fulham before selling it in 2013.

According to Egyptian media, Fayed was recently living in Switzerland.

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Arab World

EU Exploring Support for New Gaza Administration Committee, Document Says

Palestinians push a cart past the rubble of residential buildings destroyed during the two-year Israeli offensives, in Gaza City, February 17, 2026. REUTERS/Mahmoud Issa
Palestinians push a cart past the rubble of residential buildings destroyed during the two-year Israeli offensives, in Gaza City, February 17, 2026. REUTERS/Mahmoud Issa
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EU Exploring Support for New Gaza Administration Committee, Document Says

Palestinians push a cart past the rubble of residential buildings destroyed during the two-year Israeli offensives, in Gaza City, February 17, 2026. REUTERS/Mahmoud Issa
Palestinians push a cart past the rubble of residential buildings destroyed during the two-year Israeli offensives, in Gaza City, February 17, 2026. REUTERS/Mahmoud Issa

The European Union is exploring possible support for a new committee established to take over the civil administration of Gaza, according to a document produced by the bloc's diplomatic arm and seen by Reuters.

"The EU is engaging with the newly established transitional governance structures for Gaza," the European External Action Service wrote in a document circulated to member states on Tuesday.

"The EU is also exploring possible support to the National Committee for the Administration of Gaza," it added.

European foreign ministers will discuss the situation in Gaza during a meeting in Brussels on February 23.

Arab World

Israel Military Says Soldier Killed in Gaza 

A drone view shows the destruction in a residential neighborhood, after the withdrawal of the Israeli forces from the area, amid a ceasefire between Israel and Hamas in Gaza, in Gaza City, October 21, 2025. (Reuters)
A drone view shows the destruction in a residential neighborhood, after the withdrawal of the Israeli forces from the area, amid a ceasefire between Israel and Hamas in Gaza, in Gaza City, October 21, 2025. (Reuters)
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Israel Military Says Soldier Killed in Gaza 

A drone view shows the destruction in a residential neighborhood, after the withdrawal of the Israeli forces from the area, amid a ceasefire between Israel and Hamas in Gaza, in Gaza City, October 21, 2025. (Reuters)
A drone view shows the destruction in a residential neighborhood, after the withdrawal of the Israeli forces from the area, amid a ceasefire between Israel and Hamas in Gaza, in Gaza City, October 21, 2025. (Reuters)

The Israeli military announced that one of its soldiers had been killed in combat in southern Gaza on Wednesday, but a security source said the death appeared to have been caused by "friendly fire".

"Staff Sergeant Ofri Yafe, aged 21, from HaYogev, a soldier in the Paratroopers Reconnaissance Unit, fell during combat in the southern Gaza Strip," the military said in a statement.

A security source, however, told AFP that the soldier appeared to have been "killed by friendly fire", without providing further details.

"The incident is still under investigation," the source added.

The death brings to five the number of Israeli soldiers killed in Gaza since a ceasefire took effect on October 10.

Arab World

Syria: SDF’s Mazloum Abdi Says Implementation of Integration Deal May Take Time

People sit outdoors surrounded by nature, with the Tigris river flowing in the background, following a long atmospheric depression, near the Syrian-Turkish border in Derik, Syria, February 16, 2026 REUTERS/Orhan Qereman
People sit outdoors surrounded by nature, with the Tigris river flowing in the background, following a long atmospheric depression, near the Syrian-Turkish border in Derik, Syria, February 16, 2026 REUTERS/Orhan Qereman
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Syria: SDF’s Mazloum Abdi Says Implementation of Integration Deal May Take Time

People sit outdoors surrounded by nature, with the Tigris river flowing in the background, following a long atmospheric depression, near the Syrian-Turkish border in Derik, Syria, February 16, 2026 REUTERS/Orhan Qereman
People sit outdoors surrounded by nature, with the Tigris river flowing in the background, following a long atmospheric depression, near the Syrian-Turkish border in Derik, Syria, February 16, 2026 REUTERS/Orhan Qereman

Mazloum Abdi, commander of the Syrian Democratic Forces, said the process of merging the SDF with Syrian government forces “may take some time,” despite expressing confidence in the eventual success of the agreement.

His remarks came after earlier comments in which he acknowledged differences with Damascus over the concept of “decentralization.”

Speaking at a tribal conference in the northeastern city of Hasakah on Tuesday, Abdi said the issue of integration would not be resolved quickly, but stressed that the agreement remains on track.

He said the deal reached last month stipulates that three Syrian army brigades will be created out of the SDF.

Abdi added that all SDF military units have withdrawn to their barracks in an effort to preserve stability and continue implementing the announced integration agreement with the Syrian state.

He also emphasized the need for armed forces to withdraw from the vicinity of the city of Ayn al-Arab (Kobani), to be replaced by security forces tasked with maintaining order.