Author: Steven Sahiounie

According to the ministry, the revenues amounted to 4.2 bln rubles MOSCOW, August 8. /TASS/. Oil and gas revenues of the Russian budget declined by 41.4% year on year to 4.2 trillion rubles ($43.4 bln) in January-July 2023, the Finance Ministry said on its website. “Oil and gas revenues amounted to 4.2 bln rubles and plummeted by 41.4% year on year, which is due to the high comparison base of the prior year, the decline in Urals oil blend prices and the reduction of natural gas export volumes,” the ministry informed. The clarification to the mechanism of determining the fiscal…

According to the ministry, the federal budget revenues amounted to 14.525 trillion rubles ($150.5 bln) in January-July 2023, which is 7.9% lower than revenues received in the like period of 2022 MOSCOW, August 8. /TASS/. The federal budget deficit is provisionally estimated at 2.81 trillion rubles ($29.1 bln) in January-July 2023, the Russian Finance Ministry said on its website. “According to a preliminary estimate, federal budget revenues amounted to 14.525 trillion rubles ($150.5 bln) in January-July 2023, which is 7.9% lower than revenues received in the like period of 2022. Stable positive dynamics is observed in respect of receiving key…

The price tag for the new vehicle is three million rubles MOSCOW, August 8. /TASS/. Motorinvest has put the Dongfeng Aeolus Shine Max sedan from China on the market, the Lipetsk-based company said. The price tag for the new vehicle is three million rubles ($31,120). “Motorinvest, the official producer of Dongfeng cars in Russia, announces the start of sales for the new business class sedan, the Dongfeng Aeolus Shine Max,” the company said. This is the first model from the Aeolus series, and it will now be sold on the Russian market. The sedan is fitted with a 1.5 liter…

RAMALLAH, Tuesday, August 8, 2023 (WAFA) – In a recent special meeting held in Ramallah and hosted by the Palestinian American Chamber of Commerce, George Noll, head of the US Office of Palestinian Affairs in Jerusalem, reviewed many economic issues with reference to some recent measures undertaken by the US government toward the Palestinians. At the special meeting, which included members of the Chamber, representatives of the private sector, and economic personalities, Said Baransi, Chairman of the Board of Directors of the Palestinian American Chamber of Commerce, welcomed George Noll, indicating the importance of mutual commitment to advancing the partnership…

RAMALLAH, Tuesday, August 8, 2023 (WAFA) – Ibtikar Fund, a disruptive venture capital firm that invests in innovative companies founded by Palestinian entrepreneurs, announced today its investment in DataQueue, a leading AI data training company and an innovative platform to manage the entire AI lifecycle. “DataQueue aims to revolutionize the AI landscape by simplifying the training data process and empowering organizations to unlock the true potential of AI. We are thrilled to have the support of Ibtikar Fund in our journey to democratize AI and enable businesses to leverage its transformative power,” explained Bashir Alsaifi, DataQueue’s Founder and CEO. The…

RAMALLAH, Tuesday, August 8, 2023 (WAFA) – Prime Minister Mohammad Shtayyeh today received in his Ramallah office the new head of the International Monetary Fund’s (IMF) mission to the West Bank and Gaza Strip, Kerstin Gerling, in the presence of its former head, Alexander Tieman, and IMF Resident Representative Thomas Laursen, during which they discussed the impact of the Israeli occupation on the Palestinian economy. “The Israeli occupation is the main obstacle to the development process in Palestine. Israel has employed many tools to control us, whether through direct military occupation of our lands, and control of the borders, crossings, the…

Syria permitted the UN and its agencies concerned to use Bab Assalama and al-Rae’ crossing points to deliver humanitarian aid to people in need for three extra months to end on November 13th. “The decision comes in light of Syria’s keenness on boosting stability, improving the humanitarian and livelihood situation of the Syrians and facilitating the delivery of aid to people in need,” Syria’s permanent representative to the UN, Bassam Sabbagh said Tuesday. On July 13th, Syria allowed the UN agencies to use Bab al-Hawa crossing point to deliver humanitarian aid. Source: SANA

Deputy Minister of Foreign Affairs of Russia Sergei Ryabkov cautioned Iran against the hostile policies of the US, which he described as an unreliable partner. Speaking to reporters on the sidelines of a meeting dubbed ‘Iran and BRICS: Prospects for Partnership and Cooperation’, held in Tehran on Tuesday, Ryabkov slammed the US’ hostile policies towards his country and Iran. Asked about the US government’s conduct in the course of talks on the removal of sanctions against Iran, the Russian deputy foreign minister said, “If you refer to the situation with respect to JCPOA and Iranian nuclear program, I would say…

According to the FCS, in January-July 2023, the customs authorities registered more than 2.26 million declarations for goods MOSCOW, August 8. /TASS/. Russia’s Federal Customs Service transferred 3.3 trillion rubles ($33.9 bln) to the federal budget in January-July 2023, the service said in a statement on Tuesday. In January-July 2022, the Federal Customs Service transferred 3.87 trillion rubles ($39.8 bln) to the Russian budget. According to the FCS, in January-July 2023, the customs authorities registered more than 2.26 million declarations for goods. Declarations for goods with customs clearance accounted for 1.02% of the total number of registered declarations. Declarations for…

It is noted that the incident in Derince may eventually prompt market players to think about problems surrounding the storage of grain and transportation infrastructure ANKARA, August 8. /TASS/. The loss of 15,000 metric tons of grain as a result of an explosion in the Turkish port of Derince will not affect global grain prices by itself but may cause a panic due to further risks, Professor Haluk Gedikoglu from the Konya Food and Agriculture University told TASS. “The loss of fifteen thousand metric tons of grain in Derince elevators is not a serious problem for the international market and…