Author: Steven Sahiounie

The new route will help diversify international trade flows, according to President Putin Russian President Vladimir Putin and his Iranian counterpart Ebrahim Raisi have taken part in a signing ceremony, via video link, for an agreement on the construction of a rail line between the Iranian cities of Rasht and Astara, the Kremlin press service reported on Wednesday. The railroad linking the two cities is part of the International North South Transport Corridor (INSTC), a 7,200-kilometer multi-mode transit system that connects ship, rail, and road routes for moving cargo between India, Iran, Azerbaijan, Russia, Central Asia, and Europe. The $1.6…

Forbes magazine reported that former US President Donald Trump has a lot of money. After leaving the White House, he refinanced an office tower in San Francisco and sold his hotel, so where does he invest that money? The magazine stated that Trump’s real net worth, according to the latest census conducted in March 2023, amounts to $ 2.5 billion, indicating that he keeps most of his money in safe investments, which is logical for a 76-year-old man, who also maintains a portfolio of the most risky real estate assets, He may need a few hundred million to deal with legal…

Today, the Monetary Policy Committee of the Central Bank of Egypt meets to decide the interest rate for the third time in 2023, as the first meeting was on February 2, and the interest rate was fixed. Expectations indicate that the central bank will take a decision to stabilize the interest rate, after it was raised by 200 basis points on March 30. These estimates are supported by a number of basic factors, the most important of which is the slowdown in inflation rates in the country, as shown by the latest reports of the Central Bank of Egypt for…

Oil prices fell, in trading today, Thursday, after a significant rise in the price of black gold in trading yesterday, Wednesday. And by 10:25 Moscow time, US crude futures fell by 0.45% to $72.50 a barrel, while Brent crude futures fell by 0.39% to $76.66 a barrel. Yesterday, oil prices rose significantly, as Brent crude contracts increased by 2.7% and US crude by 2.8%. And yesterday, US Energy Information Administration data revealed that oil inventories in the United States increased by 5 million barrels last week, while gasoline stocks decreased by 1.4 million barrels. This article was originally published by…

American investor Jim Rogers said that the global economy will face a new crisis that will be worse than the events of 2008, when a financial crisis erupted in the United States amid the collapse of the mortgage market. The expert added in an interview with the agency “Novosti”: “This time the crisis will be worse than it was in 2008, because the debt is much higher.” And the American investor pointed out that in the past, the problems in the economy occurred because of the debt, which has now increased “in a very, very large way. And this happened…

Russian Deputy Prime Minister Alexander Novak said, in a press conference in Tehran, that Iran is ready to receive 4-5 million tons of oil products from Russia. Novak said, during a visit to Iran during which he signed a set of agreements: “We discussed this issue in detail. The Iranian side showed above all its interest in supplying oil derivatives to northern Iran in an amount of between 4 and 5 million tons. In principle, such deliveries are possible, and now The Ministry of Energy will work to solve these problems with our companies.” The Russian Deputy Prime Minister added:…

Iran’s First Vice President, Mohammad Mukhber, considered that the signing of the agreement between Iran and Russia on the implementation of the “North-South” corridor project is an important step in the development of bilateral relations. “We must seriously follow up on the implementation of this agreement, and I am sure that the countries of the region will also benefit from it,” the Iranian official said, while receiving a Russian delegation headed by Deputy Prime Minister Alexander Novak. The Iranian vice president called for strengthening the role of the private sector in both countries to contribute more than ever before to…

The Emirati economist and businessman Khalaf Al Habtoor proposed issuing a unified Gulf currency in cooperation with Jordan and Egypt. Al Habtoor, who is the Chairman of the Board of Directors of the Emirati Al Habtoor Group, said in a televised interview with the “CNBC” channel, “The UAE and Saudi Arabia are in a strong position, and the Gulf Cooperation Council must put forward a very strong unified currency, which includes later, for example, Jordan and Egypt, but the leadership of the currency is in the hands of the Gulf. On the other hand, Al Habtoor said that the largest…

The “Russia – Islamic World” forum, which kicked off in Kazan today, is expected to witness the conclusion of nearly 100 agreements, treaties and memorandums in various fields of cooperation. This came according to what was stated by the head of the Investment Development Agency in Tatarstan, Talia Minulin, today, on the sidelines of the activities and activities of the economic event. Among the agreements that will be signed: contracts for the supply of products and commodities, memorandums and agreements between companies, regions and countries, and agreements in the fields of transport and logistics services, especially on the international transport…

By: Ahmed Abdu-Almalik Al-ansi | Yemeni journalist and translator. Al-Mashat is starting to implement strategic plans for the developments and reparations in many Yemeni governorates. On Monday, May15 2023, President Al-Mashat has visits Hajjah governorate to express thanks and gratitude for the sacrifices made by the people of the governorate while confronting the Saudi-American aggression along the latest 8 years. During his visit, the President has opened several agricultural and social projects as the simplest attitude of appreciations. President Al-Mashat has launched about 20 projects for water. These projects are separated with the directorates Kashr Kahlan Al-Sharaf, Al-Mahabisha, Almaghraba, Aljameema,…