Author: Steven Sahiounie

RIYADH: Investment activity in the municipal sector in Saudi Arabia’s Najran region is set for a significant boost with the creation of the Najran Municipality Investment Co. Saudi Minister of Municipal and Rural Affairs and Housing Majid Al-Hogail has given the green light to establish this new company, which is fully owned by the region’s municipality, reported the Saudi Press Agency. The new entity, to be operated as a closed joint-stock government firm, will serve as an investment arm of the region’s municipality and a valuable addition to its businesses. Abdullah Al-Fadel, the official spokesperson for the…

Attorneys representing Hunter Biden have issued a bold warning that they might summon President Joe Biden to the witness stand if charges are pressed against his son. Lawyers representing Hunter Biden threatened to subpoena US President Joe Biden to testify in court if the Justice Department pursued charges against his son, a Politico report suggested. In a letter from Hunter Biden’s lawyer, Chris Clark, it was indicated that President Biden could have been considered a fact witness for the defense in any potential criminal trial involving his son. This response came after reports emerged in October 2022 that Hunter Biden might face charges related…

The Syrian Ministry of Defense has successfully intercepted and destroyed three explosive-laden drones belonging to terrorists The Syrian Ministry of Defense has reported the successful interception and destruction of three explosive-laden drones that were attempting to target safe villages and towns in the countryside of Idlib and Hama. The ministry revealed that the armed forces, after meticulous monitoring and tracking of the movements of terrorist organizations, managed to thwart the repeated attempts by these groups to attack innocent civilians and their properties. The armed forces, operating in the direction of the aforementioned regions, deployed defense weapons to neutralize the imminent threat.…

According to the press service, the head of state will inform the summit participants about the priorities of Russia’s presidency in BRICS, which will begin in 2024 Russian President Vladimir Putin will take part in the 15th summit of BRICS (Brazil, Russia, India, China, and South Africa) leaders on August 22-24 via a video link to inform its participants about Russia’s priorities when it takes the presidency of the association in 2024, the Kremlin press service said on Monday. “On August 22-24, Russian President Vladimir Putin will take part (in a videoconference format) in the 15th BRICS summit, which will…

“We will make efforts to reopen the grain corridor on fair conditions, which will meet the expectations of all parties, as we believe that a fairer world is possible,” the Turkish leader stressed Turkey will continue efforts to resolve the Ukrainian crisis and resume the grain deal, Turkish President Tayyip Erdogan said in an address to the nation following a cabinet meeting. The address was broadcast by the TRT channel. “We will make efforts to reopen the grain corridor on fair conditions, which will meet the expectations of all parties, as we believe that a fairer world is possible. We…

“The United States of America was and still is the major cause behind the endless terrorism targeting Syria’s security and national sovereignty “Iranian Foreign Ministry Spokesman Nasser Kanaani reiterated . That came during a weekly press conference by Kanaani on Monday. “The presence of the US forces in Syria is illegitimate and it is a clear occupying of a sovereign State, thus it must be ended” The Iranian Spokesman added, stressing that this occupation intensifies its terrorist activities there. Source: SANA

Six regional airport construction and renovation projects are also implemented at present MOSCOW, August 21. /TASS/. Total investments across all funding projects for construction of airports with participation of VEB.RF amount to 322.65 bln rubles ($3.4 bln) and the scope of VEB.RF participation proper is about 126.2 bln rubles ($1.33 bln), the state corporation’s press service told TASS. VEB.RF is currently reviewing four projects of airport financing in Russia. Project investments total about 37.9 bln rubles ($401.4 mln) and the amount of VEB.RF participation is up to 17.6 bln rubles ($186.4 bln). Six regional airport construction and renovation projects are…

South Africa secures a $5.27 billion investment from the New Development Bank for crucial infrastructure projects. Ahead of the next BRICS summit on 22-24 August, South Africa has secured a substantial injection of funds totaling $5.27 billion from the New Development Bank established by BRICS member countries. This financial infusion is designated for pivotal projects in road construction, water supply, and energy infrastructure, according to South African President Cyril Ramaphosa’s announcement on Sunday. Speaking to the nation in advance of the upcoming BRICS summit scheduled for August 22-24 in Johannesburg, President Ramaphosa lauded the benefits that South Africa has reaped…

The growth comes despite Tokyo’s widening of restrictions in trade with Moscow The total volume of Japanese exports to Russia rose by 25% in July year-on-year to 50.94 billion yen ($348 million), the Ministry of Finance in Tokyo has revealed. Data shows Tokyo ramped up supplies of medical products by 1,123% compared to July 2022. Exports of rubber and paper products were also up by 248% and 45% respectively, although deliveries of plastics and steel fell by 35% and 94%. At the same time, the East Asian nation’s imports of Russian grain skyrocketed by 5,679% in July in annual terms.…

Closer ties between the continent and the alliance could boost trade and investment, according to the South African president Being a BRICS member has created new opportunities for South Africa, as the country has strengthened economic ties with the other members of the bloc, President Cyril Ramaphosa has said. In an address to the nation on Sunday, ahead of this week’s BRICS Summit, the South African leader said membership has boosted collaboration with Russia, China, Brazil, and India in terms of skills, technology, security and innovation. South Africa has also benefited from the New Development Bank, established by BRICS countries…