Author: Steven Sahiounie

“We are preparing for more detailed discussions soon,” Nazih el Nagari said Cairo and Moscow have held initial talks on work in BRICS and plan a more detailed discussion soon, Egyptian Ambassador to Russia Nazih el Nagari told TASS. “We had preliminary discussions in Moscow on this issue. We are preparing for more detailed discussions soon,” he said when asked whether Egypt, as a new BRICS member, had started consultations with the Russian Federation. The 15th BRICS summit was held August 22-24 in Johannesburg under the presidency of South Africa. The group agreed that Argentina, Egypt, Iran, the United Arab…

The sides discussed nuclear and physical safety at Europe’s largest nuclear power plant, the Zaporozhye NPP, as well as Russia’s efforts to develop Energodar’s social sphere and normalize life in the city CEO of Russia’s Rosatom state nuclear corporation Alexey Likhachev and Director General of the International Atomic Energy Agency (IAEA) Rafael Grossi have agreed to continue communication as part of their working relationship, Rosatom press service said on Monday. “Rosatom CEO Alexey Likhachev met with IAEA Director General Rafael Grossi on the sidelines of the 67th IAEA General Conference. <…> The sides agreed to continue maintaining regular working contacts,”…

Viktor Khrenin pointed out that the intensity of operational and combat training is growing, and infrastructure is being developed Countries neighboring Belarus are preparing for war, but Minsk is still open to cooperation with Poland on issues of regional security, Belarusian Defense Minister Viktor Khrenin said. He made the statement as Belarus is holding major military exercises. “Our neighbors use every relevant piece of news to build up battlegroups near our borders. We see that the intensity of operational and combat training is growing, and infrastructure is being developed. The military and political situation is not easy. In the language…

“This Azerbaijani victory has opened the door for full-fledged normalization in the region. I am convinced that we must capitalize on this opportunity,” the Turkish leader underlined Azerbaijan was forced to conduct its counterterrorism operation in Nagorno-Karabakh, Turkish President Recep Tayyip Erdogan said on Monday after talks with his Azerbaijani counterpart, Ilham Aliyev. “Regrettably, nothing was done to alleviate Azerbaijan’s concerns in Karabakh. So it was forced to conduct this operation. This Azerbaijani victory has opened the door for full-fledged normalization in the region. I am convinced that we must capitalize on this opportunity. We expect Armenia to respond to…

A Palesrtinian youth was Monday injured by live bullets, while others suffocated, after the Israeli occupation forces targeted peaceful marches in the eastern Gaza Strip. WAFA correspondent said that the occupation soldiers stationed inside their military vehicles opened fire, and fired toxic tear gas canisters at dozens of youths who demonstrated near the separation fence east of Gaza City, which to a youth being injured by a gunshot wound to the foot and others suffocating. He added that were locally treated on the field. For the tenth day in a row, peaceful marches continue in various places in the eastern Gaza Strip, in protest…

LONDON: Oil prices rose on Monday as investors focused on a tighter supply outlook after Moscow issued a temporary ban on fuel exports while remaining wary of further rate hikes that could dampen demand, according to Reuters. Brent crude futures climbed 69 cents, or 0.7 percent, to $93.96 a barrel by 9:46 a.m. Saudi time after settling 3 cents lower on Friday. US West Texas Intermediate crude futures extended gains for a second session, trading at $90.57 a barrel, up 54 cents, or 0.6 percent. “Crude oil prices have started the week on the front foot, as the market continues…

RIYADH: In a bid to strengthen economic ties between Saudi Arabia and China, the Kingdom’s minister of industry and mineral resources held bilateral discussions with leading mining companies during a visit to Shanghai. During his meeting, Bandar Alkhorayef consulted with the chairman of CMOC Group, Yuan Honglin, to explore potential opportunities within the natural resources sector. The assembly touched on the utilization of accumulated experience in mining and processing, including smelting and refining of both essential and rare metals, according to the Saudi Press Agency. Alkhorayef also spoke on different topics related to the iron and steel industry with Wang…

RIYADH: Abu Dhabi is embarking on an economic transformation with a 10 billion dirhams ($2.7 billion) investment plan to bolster its manufacturing sector through six strategic programs.  The goal is to more than double the sector’s size, reaching 172 billion dirhams, creating 13,600 skilled jobs and boosting non-oil exports by 2031, said top executives at a workshop organized by the Ministry of Industry and Advanced Technology on Sunday. Speaking at the workshop, Industrial Development Bureau Executive Director Arafat Al-Yafei said: “The programs include talent development, ecosystem enablement, industry 4.0, circular economy, homegrown supply chain and value chain development.” According to…

RIYADH: Artificial intelligence will soon recommend personalized services to hotel guests based on their previous stays and preferences thanks to its emerging hyper-personalization features, revealed the CEO of a US-based AI insights company. Speaking at the Future Hospitality Summit in Abu Dhabi on Monday, Esquire AI CEO Cenk Sidar told Arab News that technological developments will allow market players to provide customized solutions. “Hyper-personalization is an important subject for travel and would require millions of dollars of investment now that there are hundreds of large language models like ChatGPT,” said Sidar. According to Amsterdam-based hospitality technology company User Guest, personalization drives performance and better customer…

RIYADH: Saudi Arabia’s Tadawul All Share Index declined 71.48 points, or 0.65 percent, on Monday to close at 10,877.94. The parallel market Nomu took a bigger hit, falling 134.04 points to 22,236.99. MSCI Tadawul 30 Index, on the other hand, dipped 7.91 points to settle at 1,399.48. TASI reported a trading turnover of SR5.3 billion ($1.4 billion), with 36 stocks gaining and 188 falling. Nomu saw a trading turnover of SR45.6 million. Lumi Rental Co. emerged as TASI’s standout performer on its first trading day. The car rental company began trading under the symbol 4262 with an opening…