Author: Steven Sahiounie

HTX crypto exchange has been hacked, but it claims to know the identity of the attacker. Huobi Global’s HTX crypto exchange was hacked on Sept. 24, according to a report from blockchain analytics platform Cyvers. A total of $7.9 million of crypto has been drained in the attack. A known Huobi hot wallet posted a message to the attacker in Chinese. According to the message, the exchange knows the identity of the attacker and has offered to let them keep 5% of the drained funds as a “white-hat bonus,” but only if the attacker returns the remaining 95%. worth approximately…

The index enables prompt data collection, processing and analyses to be produced in the form of timely and accurate periodic reports The Central Bank of Kuwait (CBK) said on Monday that it had developed a questionnaire for the Purchasing Managers’ Index (PMI). The index enables prompt data collection, processing and analyses to be produced in the form of timely and accurate periodic reports reflecting the real developments of the economic activity in the State of Kuwait. This came in a press statement by the Governor of the CBK Basel A. Al-Haroon, announcing that the success of this initiative shall be…

Spot gold was down 0.1% to $1,923.94 per ounce by 1153 GMT Gold eased on Monday as the U.S. dollar stood strong after U.S. Federal Reserve officials flagged that interest rates would remain higher for longer, although moves were limited as investors look forward to inflation data later this week. Spot gold was down 0.1% to $1,923.94 per ounce by 1153 GMT, while U.S. gold futures also fell 0.1% to $1,943.70. Gold is in a consolidation phase after prices failed to remain above $1,930 an ounce last week, said Carlo Alberto De Casa, market analyst at Kinesis Money, adding that…

“We must massively expand activities in housing construction,” Scholz said BERLIN – German Chancellor Olaf Scholz on Monday said the European Central Bank (ECB) was right to raise interest rates in the fight against inflation, but that such moves were also inhibiting housing construction. “We must massively expand activities in housing construction,” Scholz said ahead of talks between the building industry and government leaders to address a major slump in the sector. Source: Zawya

The West African cocoa, gold and oil producer is grappling with its worst economic crisis in a generation, characterised by double-digit inflation and ballooning public debt ACCRA – Ghana’s central bank on Monday held its main interest rate at 30.00%, as forecast by a Reuters poll of analysts. The West African cocoa, gold and oil producer is grappling with its worst economic crisis in a generation, characterised by double-digit inflation and ballooning public debt. The capital Accra has been hit by several days of anti-government protests driven by anger over economic hardship. The government has secured a $3 billion support…

This came on the sidelines of the eighth annual meeting of the Asian Infrastructure Investment Bank (AIIB) being held in Sharm El-Sheikh on September 25th and 26th Egyptian Minister of Finance Mohamed Maait held a session of talks with the Secretary for Financial Services and the Treasury of Hong Kong Christopher Hui to discuss Egypt’s keenness to enhance economic relations with Hong Kong, according to a statement on September 25th. This came on the sidelines of the eighth annual meeting of the Asian Infrastructure Investment Bank (AIIB) being held in Sharm El-Sheikh on September 25th and 26th. Maait also welcomed…

Until now the secondary market had been controlled by the Egyptian Central Securities Depository (ECSD), owned 70% by the central bank CAIRO – Egypt has shifted its secondary market for bonds and other securities to the stock exchange and away from the central bank to make trading more transparent and accessible to a wider group of investors, the central bank said. Until now the secondary market had been controlled by the Egyptian Central Securities Depository (ECSD), owned 70% by the central bank. Egypt’s official gazette on Sunday published a set of fees that the stock exchange would charge, drawing complaints…

“The upgrade reflects the use of high oil revenues to pay down debt and spread its maturity, spending restraint reducing external risks, and an increase in Fitch’s oil price forecast,” Fitch said DUBAI – Fitch Ratings upgraded Oman’s credit rating to BB+ on Monday from BB, on the back of a decline in the Gulf state’s debt-to-GDP ratio and more disciplined government spending, plus higher oil prices, the agency said in a statement. “The upgrade reflects the use of high oil revenues to pay down debt and spread its maturity, spending restraint reducing external risks, and an increase in Fitch’s…

Steven Sahiounie, journalist and political commentator US Senator Robert Menendez, (D. NJ.) temporarily stepped down from his powerful role as chairman of the Senate Relations Committee, according to Senate Minority Leader Senator Chuck Schumer, following accusations of political corruption and breach of US national security. On September 22, Menendez was indicted by federal prosecutors in New York, along with four others, including his wife Nadine Arslanian Menendez, on one count of conspiracy to commit bribery, one count of conspiracy to commit honest services fraud and one count of conspiracy to commit extortion. New Jersey businessmen Wael Hana, Jose Uribe, and…

According to earlier reports, the delivery was made months ahead of schedule The first batch of US-made Abrams tanks have arrived in Ukraine, said Vladimir Zelensky, the country’s president. “Abramses are already in Ukraine and are getting prepared to reinforce our brigades,” he said on Telegram, without elaborating on how many were received. The New York Times first broke the news earlier on Monday, citing two US officials. According to the newspaper, the delivery was made months ahead of schedule. It also reported that the remaining tanks would arrive in Ukraine within the next few months. US President Joe Biden…