Author: Steven Sahiounie

RIYADH: Saudi company AJEX Logistics Services has announced its entry into the US market. This expansion comes on the heels of AJEX’s introduction of two new services as part of its growth strategy in China and the Middle East in December last year. This move signifies the firm’s commitment to enhancing connections between Saudi Arabia and the global community, aligning with the Kingdom’s Vision 2030 objectives. AJEX’s presence in the US will play a crucial role in providing logistics solutions for e-commerce brands, fostering industrial connectivity, and supporting global trade hub operations in Saudi Arabia. A primary goal of AJEX…

RIYADH: Amid global economic headwinds, Saudi Arabia showcased resilience in its trade performance, as the Kingdom’s overall merchandise exports were steady in July hitting SR91.3 billion ($24.34 billion), down just 0.4 percent compared to June, official data showed. According to the report released by the General Authority for Statistics, Saudi Arabia’s overall merchandise exports dipped by 34.9 percent in July compared to the same month of 2022. This fall in merchandise exports was driven by a decrease in oil exports as Saudi Arabia, along with its peers in the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, decided…

“Our position on this matter is known,” Sergey Vershinin said Russian Foreign Minister Sergey Lavrov will discuss the implementation of the Istanbul agreements regarding the export of Russian food and fertilizers at a meeting with UN Secretary General Antonio Guterres on Thursday. Deputy Foreign Minister Sergey Vershinin said this on Thursday. “Today there will be a meeting between the Foreign Minister and the UN Secretary General, where the issue [of implementing the Istanbul agreements] will also be touched upon,” the diplomat told reporters, answering a question from TASS. When asked to clarify whether UN Deputy Secretary General Martin Griffiths and…

Israeli settlers today attacked Palestinian homes in the village of Burqa, northwest of the northern West Bank city of Nablus, according to a local resident. Diab Hajji, who lives in the area of the village attacked by the settlers, said a group of armed settlers attacked the home of a local resident, throwing rocks at it and causing damage to windows. The settlers also vandalized two vehicles and slashed their tires. Hajji said the settlers attempted to attack him with pepper gas as he was returning home but was able to get away from them, explaining that the settlers regularly…

RIYADH: Member countries of the Islamic Development Bank could have faster execution of their development projects thanks to its ongoing discussion with the US’ official export credit agency, according to the Saudi Press Agency. On the sidelines of the 78th session of the UN General Assembly, which concludes on Friday in New York, IsDB Group President Mohammed Sulaiman Al-Jasser discussed with US Export-Import Bank President Reta Jo Lewis the prospects of further strengthening bilateral ties. This move aligns with the strategic objectives and the IsDB Group’s commitment to supporting member countries in their pursuit of prosperity and resilience. …

The president of Iran expressed Tehran’s readiness to contribute to the efforts at peace in the South Caucasus region. In separate messages to the Armenian president and prime minister on Thursday, Iranian President Ebrahim Raisi congratulated the northwestern neighbor on its Independence Day, which marks the anniversary of Armenia’s independence from the Soviet Union through a referendum held in 1991. In the message to Armenian Prime Minister Nikol Pashinyan, Raisi said Iran favors improved security, convergence and welfare in the South Caucasus region according to the policy of good neighborliness. He also expressed Tehran’s readiness to employ all of its…

Last Thursday, the E3 made an announcement stating their intention to maintain sanctions against Tehran in connection to its atomic program and ballistic missiles’ development. Russian Foreign Minister Sergey Lavrov said on Wednesday that the UK, France, and Germany’s decision to prolong sanctions against Iran, originally scheduled to conclude in October, is in violation of international law. “The problem related to the sanctions regimes also requires attention … The Security Council … approves sanctions against a specific country, and then the United States and its allies impose ‘additional’ unilateral restrictions against the same state … The latest blatant example of…

Hanan Ramsis, an expert in the Egyptian stock market, confirmed that the recent measures taken by the government confirm that the monetary policy that the central bank will pursue during the coming period is to stabilize the interest rate and the exchange rate of the pound against the dollar.She said in connection with ” Sputnik”Today, Wednesday, Egypt’s review with the International Monetary Fund was postponed twice in a row, and the postponement process was not because the measures taken by Egypt are insufficient, but Egypt is taking strong and good measures to provide foreign exchange to pay obligations on time,…

Steven Sahiounie, journalist and political commentator Thousands of Druze in Suwayda, in the southwest of Syria near Jordan, have been protesting inflation and economic woes facing all of Syria because of US-EU sanctions, and the economic collapse after the long armed conflict. But, recently, they are calling for regime change, and the US is supporting them. In late August, Ben Cline of Virginia, French Hill of Arkansas and Scott Fitzgerald of Wisconsin, all Republicans in the US House of Representatives, entered Syria from Turkey illegally, without any VISA, via the Bab al-Salam crossing north of Aleppo, under the control of…

5 days of talks in Riyadh with Oman’s participation aimed at achieving roadmap to support peace process wrapped up earlier this week Türkiye said Wednesday that it welcomes talks in Saudi Arabia on ending the war in Yemen and called for constructive support from all parties for a lasting solution. “We welcome the talks hosted by Saudi Arabia in Riyadh with the participation of Oman aimed at advancing the peace process in Yemen and call on all parties to constructively support the peace process to achieve a lasting solution in Yemen,” the Turkish Foreign Ministry said in a statement. “Türkiye…