Author: Steven Sahiounie

This could help challenge the dollar and the current fiat system, Chris Hart has told RT The New Development Bank is helping to multilateralize the world of finances, Chris Hart, executive chair of the Impact Investment Group, told RT. According to Hart, a future BRICS common currency would potentially take global finances away from a specific power group based in Western countries. He explained that the Shanghai-based lender involves a number of very powerful economies, including Russia, Brazil, India and China, which are currently becoming the biggest economies on Earth, overtaking the G7 group. “There’s a certain economic muscle behind…

Algeria’s national hydrocarbon company Sonatrach and the Chinese company Wanhua Chemical signed on Tuesday a contract to supply the Luanhua petrochemical complex with liquefied petroleum gas. “The contract relates to the regular supply of Algerian liquefied petroleum gas to the Asian market,” the company said in a statement. “The agreement represents an important shift for Algerian LPG exports, and also allows the inclusion of the Algerian LPG price reference in the world’s largest regional market,” the statement continued. Source: Sputnik

The African Energy Chamber report revealed that Egypt and Algeria are among the “Big 3 countries” that dominate the natural and liquefied gas market in Africa in the coming years. The report, issued in August, stated that there is a global trend to expand the use of natural gas, noting that the 3 countries that will lead Africa in this sector are: EgyptAlgeriaNigeriaThe report, published by “Sputnik”, drew attention to the report. French version, that these countries will dominate the natural gas and liquefied gas sector during the period from 2023 to 2027, especially as the world moves to reduce…

Kuwait’s Kufpec announced that it has made a new oil discovery in the Egyptian Suez Canal area through its subsidiary, Kufpec Egypt.The Kuwait Foreign Petroleum Exploration Company explained that the new oil discovery in the concession area of “Jessoum and West Tawila” Egyptian,  As reported Saudi Arabia’s Argaam portal, on Wednesday. Source: Sputnik

Total Energy and its partners Eni and Qatar Power have announced the launch of exploration activities in Block 9 in Lebanese territorial waters. Caretaker Prime Minister Najib Mikati pointed out during his tour of the drilling rig accompanied by the Speaker of the House of Representatives, Nabih Berri, that what has been achieved is an achievement that records the homeland and the Lebanese people, who are patient with their ordeals, and it is a bright page in the country’s history. During the tour, Mikati and Berri were briefed on the logistical preparations for the start of excavation work on Block…

Lebanese Parliament Speaker Nabih Berri and caretaker Prime Minister Najib Mikati visited the drilling rig in Block 9, which is scheduled to start gas exploration at the end of August. Total Energy and its partners Eni and Qatar Power have announced the launch of exploration activities in the area located in Lebanese territorial waters. The writer and political researcher, Hassan Choucair, described in an interview with “Sputnik”, the discovery of gas in this region as the only hope for Lebanon to get out of all its crises, saying: “The issue of the existence and discovery of gas after 67 days,…

Reports have revealed an increase in global demand for one of the most common commodities in the Mediterranean countries, led by Tunisia, Syria and Lebanon, where global demand for a consumer commodity dubbed by experts has increased. The price of a kilo in Tunisia is more than 100% higher than a year ago, and in Turkey the government has just imposed a tax of 20 cents on every kilo exported abroad. In addition, countries producing “green gold” such as Lebanon and some other countries are witnessing an unprecedented demand for the olive oil they produce, as a Spanish company arrived,…

In another provocative act toward China, the US has approved a new $500 million deal with Taiwan. The US Department of State has granted approval for a potential sale of infrared search and track systems for F-16 fighter jets, along with other equipment, to Taiwan. This move, with a maximum potential value of $500 million, has been confirmed by the Pentagon. The statement claimed that this proposed sale would not disrupt the fundamental military equilibrium in the region. However, this decision could potentially cause tensions with Beijing, as China has persistently urged the US, Taiwan’s primary arms provider, to cease weapon…

Hanan Ramsis, an expert in the Egyptian capital market, confirmed that a new float of the pound against the US dollar at that stage is not on the government’s agenda, given the serious repercussions that will ensue, and there are other alternatives being worked on to alleviate the crisis, including joining the BRICS group.She added in her speech to “Sputnik” on Wednesday, that there are other alternatives that the government is trying to use as an alternative to a new devaluation of the pound against the dollar, including increasing exports and tourism recovery, in addition to that Egypt has submitted…

French Polynesia has never received an apology from Paris for almost 200 weapons tests French Polynesian President Moetai Brotherson has condemned French President Emmanuel Macron for failing to offer even a “symbolic” apology for decades of nuclear weapons tests on the Pacific archipelago. Speaking to Russia’s RTVI in an interview published on Tuesday, Brotherson said: “193 nuclear tests were carried out on our soil – tests that we did not ask for, and about which we were not even properly informed, because at that time the inhabitants of Polynesia did not know about the level of danger.” “Today we are still dealing with…