Author: Steven Sahiounie

Yandex shares jumped, in Friday’s trading, by more than 11%, after the company that runs the Russian search engine “Yandex” received an offer from two Russian businessmen. And by 14:30 Moscow time, the Yandex share index rose by 8.69% to 2,222.80 rubles, and before that the share rose by 11.74%, according to the Moscow Stock Exchange data showed. The stock rose after a Bloomberg report that Yandex had received an offer from Russian businessmen Vladimir Potanin and Waheed Alekperov to buy a controlling stake in the company (at least 51%). Yandex indicated that its board of directors will discuss the…

First Deputy Chairman of the Russian Central Bank, Vladimir Chistyukhin, suggested the occurrence of an “Iranian scenario” in the Russian stock market, which centers around rapid growth thanks to the investments of the local population. “I think that after a while we will have the Iranian scenario in the sense that with great dependence on the local investor, maybe after some time by attracting foreign investors we will be able to grow very strongly in the capital market,” said Chistukhin. The Russian official’s statement came in response to a question posed by the first deputy chairman of the board of…

The Saudi Zakat, Tax and Customs Authority decided that the value-added tax should be calculated on the profit margin of selling used cars, not on the total sale value. According to a statement published by the authority via Twitter, it confirmed that it had added “the option of calculating the value-added tax on the profit margin of the sale of qualified used cars, without it being on the total sale value, starting from next July 1.” According to the statement, the authority’s availability of this option comes within the framework of its endeavor to “reduce the value added tax on…

Steven Sahiounie, journalist and political commentator Syrian President Bashar al-Assad was met at the airport by Prince Badr bin Sultan bin Abdulaziz on May 18 in Jeddah, Saudi Arabia ahead of the Arab League summit. Prince Badr, who is the Deputy Emir of Makkah Province, walked with al-Assad into the reception room, where they sat and exchanged pleasantries. This marks the first Arab League summit attended by al-Assad since 2011, when Syria was suspended after the US-NATO attack on Syria for regime change began. On May 19, Assad was warmly embraced by Saudi Crown Prince Mohammed bin Salman as they…

Russia attaches great attention to strengthen ties with countries of the Middle East and North Africa , including that within the framework of the dialogue with the League of Arab States (LAS), Russian President Vladimir Putin said in a message addressed to participants in the Arab Summit which is currently being held in Jeddeh. “Russia traditionally attaches great importance to the development of friendly relations and constructive partnership with the countries of the Middle East and North Africa, including within the framework of the dialogue with the League of Arab States (LAS), in order to effectively counter the threats and…

Wallace is urging increased military spending and suggests Britain could be at war with Russia and China by the end of the decade Defence Secretary Ben Wallace has warned that the UK could enter a direct conflict with Russia and China in the next seven years and has called for an increase in military spending to counter the potential threat. Speaking to the Financial Times on Friday, the official claimed that the world will be “a more dangerous, unstable place” by the end of the decade and that “defense will be more critical in our lives.” He explained that the world is seeing “the end of…

The Arab leaders adopted today May 15 of each year as an Arab and international day to commemorate the Nakba (catastrophe), the tragic events of May 1948 when hundreds of thousands of Palestinians were forcefully expelled from their homes in occupied Palestine or otherwise massacred by invading Zionist militias. Convening in Jeddah, Saudi Arabia, for the 32nd Arab League Summit, the leaders of the Arab countries agreed to take measures at the level of states and international and regional organizations to commemorate the painful memory of the Nakba as a basis for ending the suffering of the Palestinian people, affirming the right…

In his latest appearance, Turkish President Recep Tayyip Erdogan slams US President Joe Biden for calling him an “autocrat” in his 2020 campaign for the White House. Ahead of next week’s presidential election runoff, Turkish President Recep Tayyip Erdogan touched on several files, most notably the elections and Turkey’s foreign policy in an interview for CNN. A couple of days ago, the results of the counted ballots in Turkey showed that Erdogan was in the lead in the presidential race, mainly against Kilicdaroglu, but with a percentage of votes insufficient to declare him as president from the first round. During the course…

The Jeddah Declaration was adopted by the Arab League following the 32nd summit that was held in Jeddah, Saudi Arabia, in which Syria, led by President Bashar Al-Assad, resumed its participation. Jeddah Declaration adopted by the Arab League as the summit concluded in Jeddah, Saudi Arabia, reaffirms the Palestinian cause as a central Arab cause being a primary factor in maintaining regional stability. Moreover, the Declaration condemned, in the strongest terms, the practices and violations targeting the lives, properties, and the very existence of Palestinians. Additionally, the summit demanded that the international community assume responsibility for putting an end to…

Israeli media consider that Syria’s participation in the Arab Summit in Jeddah is undoubtedly “a massive victory for Syria and its leader.” Israeli media touched on the photo of the handshake between Syrian President Bashar Al-Assad and Saudi Crown Prince Mohammad bin Salman (MBS), suggesting that it was a “victory for Al-Assad.” The media considered that “it is more correct to say that the Arab League has returned to Syria, not the other way around.” It stressed that what is happening is undoubtedly “a massive victory for Syria and its leader,” pointing out that all that remains for Syria is…