Author: Steven Sahiounie

Syria expressed its sincere condolences to Iraq over the fire that took place in Nineveh Governorate, northern Iraq, claiming numbers of lives and injuries. Syria expresses sincere condolences to the Iraqi government and people over the fire tragedy that occurred in Nineveh Governorate in northern Iraq and wishes a speedy recovery to the wounded , Foreign and Expatriates Ministry said in a statement on Friday . The Ministry added that Syria has not forgotten the stance of people in brotherly Iraq in supporting the Syrian people,especailly after the catastrophic earthquake hit the country last February. On the 26th of this…

Benchmark aluminium on the London Metal Exchange (LME) was up 2.7% at $2,339 a metric ton by 1251 GMT after hitting $2,347 LONDON – Prices for aluminium rose on Friday as traders squared positions ahead of the end of the third quarter, daily data showed a decline in exchange stocks and the dollar weakened. Benchmark aluminium on the London Metal Exchange (LME) was up 2.7% at $2,339 a metric ton by 1251 GMT after hitting $2,347, its highest since May 3. It is up 8.6% so far this quarter. “We have seen a lot of impressive moves today, but the…

According to the law enforcement, the blast was carried out by a suicide bomber An explosion near a mosque in the Pakistani town of Mastung, Balochistan Province, killed 52 people and left over 50 injured, the Dawn newspaper reported. According to the paper, the data was confirmed by a district health officer. He noted that there was a police officer among those killed. Law enforcement agencies said that the blast had been carried out by a suicide bomber. Source: TASS

Data released earlier on Friday morning showed that French inflation had slowed unexpectedly in September Francois Villeroy de Galhau, governor of the Bank of France and member of the European Central Bank (ECB), said on Friday that he was encouraged by latest inflation data, which showed that the current level of key ECB interest rates was appropriate. Data released earlier on Friday morning showed that French inflation had slowed unexpectedly in September. “This morning’s data demonstrates that both headline and core inflation are declining progressively across Europe, underlining that the ECB’s monetary policy is effective,” said Villeroy, in a post…

Brainard told CNBC that avoiding a lapse in government funding was “completely in the hand of the House (of Representatives)” White House economic adviser Lael Brainard said on Friday that a government shutdown that could start this weekend was an “unnecessary risk” to a resilient economy now with moderating inflation. Brainard told CNBC that avoiding a lapse in government funding was “completely in the hand of the House (of Representatives), the House Republicans in Particular, and risks to the economy include active military service members going without pay, air traffic delays and poor Americans being unable to access government benefits.…

European shares rose, helped by gains for luxury stocks, and U.S. equity futures pointed to a firm start for Wall Street later in the day LONDON – World shares were broadly higher on Friday, but were set to end September with their worst quarterly performance in a year, haunted by worries over elevated interest rates. European shares rose, helped by gains for luxury stocks, and U.S. equity futures pointed to a firm start for Wall Street later in the day . Yet, as the third quarter drew to a close, world stock markets were left nursing heavy losses on rising…

The dollar index, which tracks the U.S. currency against six others, fell 0.4% to 105.75, but was on track to end the quarter up 2.8% LONDON – The dollar continued to eased from a 10-month high on Friday, but was still headed for its biggest quarterly gain in a year, giving the yen some breathing room as intervention watch intensified. The dollar index, which tracks the U.S. currency against six others, fell 0.4% to 105.75, but was on track to end the quarter up 2.8%, along with an 11th straight weekly rally – its longest in nine years. U.S. Treasury…

Consumer prices in the 20-nation single currency bloc rose by an annual rate of 4.3 percent, Eurostat data showed, the lowest since October 2021 The annual rate of inflation in the eurozone dropped to an almost two-year low in September, the EU’s official statistics agency said Friday. Consumer prices in the 20-nation single currency bloc rose by an annual rate of 4.3 percent, Eurostat data showed, the lowest since October 2021. The figure beat a consensus forecast by analysts compiled by financial data firm FactSet which said inflation would slow to 4.5 percent in September. Inflation has steadily fallen since…

In his speech, Al Kharji stated that parliamentarians have a shared responsibility to reduce barriers to trade and investment between BRICS and Africa Khalid Omar Al Kharji and Sara Mohammed Falaknaz, members of the Federal National Council (FNC), participated in a session of the Ninth Parliamentary Forum of BRICS member countries in Johannesburg, South Africa, to discuss the topic of “Harnessing multilateralism and parliamentary diplomacy to deepen BRICS and Africa partnership for accelerated implementation of the Africa free-trade agreement.” In his speech, Al Kharji stated that parliamentarians have a shared responsibility to reduce barriers to trade and investment between BRICS…

The two sides, earlier this month, held a meeting in Kuwait to discuss blueprints for “finding solutions to challenges” facing development in the two countries The visiting President of Kuwait Chamber of Industry and Commerce Mohammad Al-Sagr on Friday affirmed significance of the Kuwaiti-French relations noting that it is a great state with membership in the United Nations. Al-Sagr, also the head of the Kuwaiti side in the Kuwaiti-French Friendship Committee, was speaking to Kuwait News Agency (KUNA) following the joint commission’s first meeting in the French capital. He described it as important and fruitful, indicating that the two sides…