Author: Steven Sahiounie

At the same time, he notes that “the hunt of American oligarchs from the deep state for the money of Russian businessmen and Russian industrialists does not stop” MOSCOW, September 14. /TASS/. The money that Russian businessmen invested in the West is now steadily trickling back, Russian businessman Oleg Deripaska said. “The hunt of American oligarchs from the deep state for the money of Russian businessmen and Russian industrialists does not stop, but there are only two results it has definitely achieved,” he said on Telegram. “Firstly, from 500,000,000,000 to 1,000,000,000,000 euros or dollars in funds that were invested by Russians…

A US federal court released a three-count indictment against the US president’s son Hunter Biden, court documents revealed on Thursday. Biden’s three charges are related to his alleged false statements in the purchase of a firearm and he faces up to 25 years in prison if convicted on the charges, according to the court documents. As stated in the document, the grand jury of the judicial district in the state of Delaware agreed on the charge on three counts: two of them are related to the fact that Hunter Biden provided false information for the purchase of a pistol Colt, denying the use of drugs, the…

“We don’t have nuclear weapons. And I don’t know if we ever will. No indications of this for now,” Polish Head of State Andrzej Duda declared The Polish authorities have not yet made any progress in their wish to have nuclear weapons deployed in the country, as follows from what Polish President Andrzej Duda said at a forum in the city of Krynica-Zdroj. According to the Polish head of state, the worst threat to his country is posed by a neighbor that has nuclear weapons. “We don’t have nuclear weapons. And I don’t know if we ever will. No indications…

President Mahmoud Abbas held a meeting today with Cuban President Miguel Díaz-Canel in the Cuban capital, Havana. The meeting was preceded by an official reception ceremony where the national anthems of both Palestine and Cuba were played. During the meeting, President Abbas briefed his Cuban counterpart on the latest developments concerning the Palestinian issue, particularly in view of the ongoing Israeli attacks on the Palestinian people, their properties, and their religious sites, in addition to the dangerous acceleration of settlement activities and land confiscation by the Israeli occupation. President Abbas expressed his best wishes for the success of the Republic…

The tenth hike in a row comes amid expectations of higher consumer prices through the rest of the year and beyond The European Central Bank (ECB) has announced a tenth consecutive hike in its key interest rate, potentially marking the final step in a series of efforts aimed at bringing inflation back to target. EU policymakers raised rates by another quarter percentage point on Thursday, taking the closely watched benchmark to 4%, the highest level since the introduction of the euro in 1999. The rate stood at a record low of minus 0.5% just 14 months ago, meaning that banks…

The EU Council lifted sanctions on three entrepreneurs from the country this week The word ‘oligarch’ – commonly used by EU officials to refer to Russian entrepreneurs targeted by sanctions – has been replaced with the more neutral ‘leading businessperson’ in the bloc’s latest documentation related to the issue. The EU Council has also changed some of the reasons for including 140 individuals and 41 entities associated with Russia to its sanctions list. The term ‘oligarch’ describes a rich business leader with a great deal of political influence, particularly with reference to individuals who benefited from the privatization of state-run…

RIYADH: Driven by relatively stable prices across various sectors, Saudi Arabia’s inflation dropped to 2 percent in August compared to 2.3 percent in July, official data showed. According to the report released by the General Authority for Statistics, one of the key contributing factors to the decrease was the fall in prices of furnishings, household equipment, and maintenance, which experienced a decline of 0.3 percent in August compared to July. Furthermore, the data revealed that clothing and footwear prices dipped by 0.3 percent during the same period, while expenses related to restaurants and hotels saw a slight uptick of 0.6 percent. In…

RIYADH: In a significant development highlighting the acceleration of digital payments, Qatar Central Bank revealed that online transactions in August touched 5.46 million and totaled 3.19 billion Qatari riyals ($876 million). QCB further said there were 2.07 million direct debit cards, 690,569 credit cards and 994,167 prepaid cards actively used by consumers. The surge in online transactions also coincides with the adoption of point-of-sale devices nationwide. The number of POS devices hit 68,898 in August, facilitating 27.7 million transactions during that period, accumulating a total value of 6.74 billion riyals. The increase in online and POS transactions indicates a growing…

RIYADH: The Cityscape Global Exhibition, held at the Riyadh International Exhibition and Convention Center this week, saw deals signed worth over SR110 billion ($29 billion), the Saudi Press Agency reported on Thursday. Organized by Tahaluf, a company under the umbrella of the Saudi Federation for Cyber Security, Programming and Drones, had over 350 exhibitors, more than 10,000 international investors, 300 speakers, and 160,000 visits. Faisal Al-Khamissi, board chairman of the SAFCSP, which is the founding partner of Tahaluf, said Crown Prince Mohammed bin Salman was the inspiration for holding the event. Al-Khamissi said that one of the significant outcomes of the…

RIYADH: ROSHN Real Estate Co., a major player in Saudi Arabia’s property development sector, has secured SR10 billion ($2.67 billion) in funds as it prepares to embark on a series of projects across the Kingdom. The Public Investment Fund-owned company received this financial backing after concluding a revolving credit agreement worth SR6 billion with three local banks earlier this year. “We’ve got about SR10 billion lined up in balance sheet credit although we haven’t drawn the first six yet because we actually have enough money within our business at the moment from our receipts,” David Grover, CEO of ROSHN Group,…