Author: Steven Sahiounie

The Foundation plans to issue $15 million per year in community grants to fund DeFi projects. Decentralized exchange (DEX) Uniswap is seeking an on-chain vote to approve the second tranche of the $74 million funding for its developer Uniswap Foundation. According to the September 27 announcement, the second tranche of funding, with a buffer of 10% for price volatility, is worth an estimated $62 million and will be decided via an on-chain vote on October 4. If approved, the funds will be used for operations and research grants. The Uniswap Foundation is responsible for growing core protocol metrics, building a pipeline…

Mineral fuels and other mineral oils topped the list of Jordan’s oil imports at JD636 million AMMAN — Jordan’s oil bill increased by 18.6 per cent in the first seven months of 2023 compared with the same period in 2022, the Department of Statistics (DoS) said on Tuesday. According to a DoS report on foreign trade cited by the Jordan News Agency, Petra, the oil bill’s value dropped to JD1.75 billion in the January-July period of 2023, compared with JD2.151 billion in the same period of 2022. Mineral fuels and other mineral oils topped the list of Jordan’s oil imports…

The first-of-its-kind framework aims to advance the national industrial sector More than 80 companies and institutions have joined the Ministry of Industry and Advanced Technology’s (MoIAT) Industrial Technology Transformation Index (ITTI). Launched in collaboration with the Abu Dhabi Department of Economic Development (ADDED) at the World Government Summit 2023 to drive digitalisation and sustainability in industry, the first-of-its-kind framework aims to advance the national industrial sector. The ITTI measures the digital maturity and sustainability of factories, formulating a roadmap for industrial transformation. The index’s categories are aligned with the manufacturing value chain and comprised of 20 dimensions, out of which…

Turkish President Recep Tayyip Erdogan commemorates 3rd anniversary of Patriotic War in Karabakh region Türkiye marked Azerbaijan’s Remembrance Day on Wednesday — the 3rd anniversary of the Patriotic War. “On the Remembrance Day that marks the beginning of the epic struggle for the liberation of Karabakh and the occupied Azerbaijani territories, I remember all our martyrs with mercy and respectfully commemorate our veterans,” Turkish President Recep Tayyip Erdogan wrote on X to commemorate the Patriotic War in the Karabakh region. Karabakh belongs to Azerbaijan, he said. Communications Director Fahrettin Altun said: “On the anniversary of the struggle that began on…

The Europe-wide STOXX 600 index was up 0.2% on Wednesday, after falling 0.6% in the previous session in its fourth straight daily drop LONDON/HONG KONG – Global stocks inched higher on Wednesday as investors found a footing after a sharp sell-off the previous day, while U.S. Treasury yields dipped after hitting their highest level since 2007. Stocks and bonds have dropped in recent weeks as investors come to terms with the idea that central banks will hold interest rates “higher for longer” than previously expected, as officials try to squeeze inflation out of economies. The Europe-wide STOXX 600 index was…

The Russian Foreign Minister added that Armenian Prime Minister Nikol Pashinyan recently spoke about the need to make up for alliances that failed to help the country to ensure its security Russian interests in the South Caucasus can’t be ignored, Russian Foreign Minister Sergey Lavrov. “Historically, geographically, geopolitically it is impossible to lose Russia in the sense of completely ignoring its interests in the South Caucasus,” the minister said, when asked whether Armenia could drift away from Russia. “But such hopes are being nurtured by some leaders in Yerevan, and they say it directly.” The minister said this idea was…

The Commerce Department said on Wednesday that orders for durable goods, items ranging from toasters to aircraft meant to last three years or more, gained 0.2% last month WASHINGTON – Orders for long-lasting U.S. manufactured goods unexpectedly rose in August and there were signs that business spending on equipment regained some momentum after faltering early in the third quarter. The Commerce Department said on Wednesday that orders for durable goods, items ranging from toasters to aircraft meant to last three years or more, gained 0.2% last month. Data for July was revised lower to show orders for these goods decreasing…

Benchmark copper on the London Metal Exchange traded 0.2% lower at $8,074 a metric ton in official rings, from an earlier session low of $8,071. Used in power and construction, copper earlier this week hit $8,068, the lowest since late May LONDON – Copper prices hovered near four-month lows on Wednesday as uncertainty about China’s property market was reinforced by mounting problems at Evergrande as the market waited for data from the country’s large industrial base. Benchmark copper on the London Metal Exchange traded 0.2% lower at $8,074 a metric ton in official rings, from an earlier session low of…

Maria Zakharova emphasized that “the speculative conclusions of the commission are based on the unsubstantiated stories of arbitrarily selected individuals positioning themselves as victims” The accusations against Russia presented in the report of the UN Independent International Commission of Inquiry on Ukraine are groundless and do not withstand any criticism, Russian Foreign Ministry Spokeswoman Maria Zakharova said at a briefing. “On September 25, during the current 54th session of the UN Human Rights Council (HRC), the so-called Independent International Commission of Inquiry on Ukraine presented a regular report on the results of its activities. The accusations voiced by its chairman,…

The comprehensive report says that Egypt’s vibrant real estate market, currently valued at an estimated $18 billion, is projected to reach $30 billion by 2028 Most wealthy GCC investors are setting their sights on Egypt for real estate, said Knight Frank in its exclusive signature report, “Destination Egypt”. The leading independent real estate consultancy said that 94% of the respondents with over $1 million investable assets are interested in purchasing property in Egypt, with 56% of them keen to purchase within a year. The comprehensive report says that Egypt’s vibrant real estate market, currently valued at an estimated $18 billion,…