Author: Steven Sahiounie

The Financial Regulatory Authority approved the launch of the first fund to invest in gold in Egypt, a step that provides a new mechanism for investing in the precious metal in the country, which has recently witnessed a great demand for bullion and gold pounds as a safe haven from the depreciation of the pound. Gold funds allow investing in the precious metal through the purchase of fund documents, which saves the cost of acquiring the metal itself, in addition to the possibility of buying in small amounts. Ahmed Abu Al-Saad, managing director of Azimut Egypt, said that the prospectus for the…

More than a month and a half after stopping sales of oil in the Kurdistan region of Iraq on March 25, estimated at 450,000 barrels per day via Turkey, following the issuance of the international arbitration decision in Paris in favor of Baghdad, which cost Iraq huge losses, it is expected that sales will resume through the port of Ceyhan. Al-Turki is under the supervision of the Iraqi Ministry of Oil, but the Turkish response to the Iraqi request has not yet been issued. Where the Iraqi Deputy Prime Minister for Energy Affairs and Oil Minister Hayan Abdul Ghani revealed…

Earlier in the day, Erdogan cast his vote in Istanbul and planned to stay in that city until the voting results are announced Turkish incumbent President Recep Tayyip Erdogan, who planned to wait for the results of Sunday’s presidential polls in Ankara, has arrived in Istanbul. The TRT state broadcaster and the Demiroren news agency aired his meeting with people in Istanbul’s Kisikli district. Earlier in the day, Erdogan cast his vote in Istanbul and planned to stay in that city until the voting results are announced. But later, for undisclosed reasons, he returned to Ankara. Meanwhile, people are gathering near the…

Thus, Erdogan has 49.98% of votes, while his main rival, Kemal Kilicdaroglu of the opposition Republican People’s Party is scoring 44.23% of votes Turkish incumbent President Recep Tayyip Erdogan’s support at Sunday’s presidential polls has dropped below 50%, the Anadolu news agency said citing data from the Supreme Election Council after processing 91.1% of ballot boxes. Thus, Erdogan has 49.98% of votes, while his main rival, Kemal Kilicdaroglu of the opposition Republican People’s Party (CHP) is scoring 44.23% of votes. Sinan Ogan of the right-wing Ancestral Alliance has 5.32% In order to win, a candidate must secure at least 50%…

Of the counted ballots so far, the People’s Alliance has garnered 50.86% of the votes, which translates to nearly 326 seats in the national legislature. The People’s Alliance which is led by Erdogan’s Justice and Development Party (AKP), is projected to win more than half of the seats in the Grand National Assembly, according to the Anadolu state news agency. Of the counted ballots so far, the People’s Alliance has garnered 50.86% of the votes, which translates to nearly 325 seats in the national legislature. Meanwhile, the National Alliance has garnered 34.35% of the votes so far which translates to 215 seats…

According to the report, Ukrainian President will meet with German Chancellor Olaf Scholz and President Frank-Walter Steinmeier Ukrainian President Vladimir Zelensky said in a Twitter post early on Sunday that he had arrived to Germany’s capital Berlin. “Already in Berlin,” he wrote. Germany’s N-TV television news chanel reported earlier that the Ukrainian president was scheduled to visit the country on May 13. His plane was supposed to land in the military section of Berlin Brandenburg Airport Willy Brandt. According to the report, Zelensky will meet with German Chancellor Olaf Scholz and President Frank-Walter Steinmeier. After that, he will travel to the city…

The decision is scheduled to be finalized by G7 leaders at a summit in Hiroshima next week Group of Seven countries and the European Union plan to ban imports of Russian pipeline gas on the routes where Moscow previously cut supplies, the Financial Times reported on Sunday, citing a draft G7 statement. The decision is scheduled to be finalized by G7 leaders at a summit in Hiroshima next week and would prevent Russia from resuming its pipeline gas exports to countries such as Poland and Germany. Moscow’s gas supplies on these routes ground to a halt in 2022. Source: Tass

Senior advisor to Iranian Foreign Minister on Special Political Affairs Ali Asghar Khaji, affirmed that the positive developments in the relations of Arab countries with Syria are in the interest and security of the peoples of the region. During talks in Tehran with Geir Pedersen, the Special Envoy of the Secretary-General of the UN for Syria, Asghar Khaji stressed the need to confront the phenomenon of terrorism, and to respect the sovereignty and territorial integrity of Syria. In turn, Pedersen, who visits Iran as part of his regional consultations, briefed the Iranian official on some of the measures taken regarding…

According to Trunov, he arrived in Moldova to take part in an international economic and investment forum but was detained, along with other Russian nationals, by Moldovan border control officers at the Chisinau airport, where they were held for two days Russian lawyer Igor Trunov told TASS on Sunday that he had been detained at the Chisinau airport to be deported from the country after spending two days in custody. According to Trunov, he arrived in Moldova to take part in an international economic and investment forum but was detained, along with other Russian nationals, by Moldovan border control officers…

The Cypriot and the Israeli Occupation leaders agreed to develop the Israeli-Cypriot-Greek alliance between the so-called “democracies” of the eastern Mediterranean. Israeli Prime Minister Benjamin Netanyahu announced that “Israel” remains determined to continue working on the gas pipeline project which connects “Israel” to mainland Europe through Cyprus. Netanyahu reportedly met with the Cypriot president last week, and the two agreed to develop the Israeli-Cypriot-Greek alliance between the so-called “democracies” in the eastern Mediterranean. “We built this alliance several years ago and it has very important implications, especially regarding Israel’s standing as a major energy power. The project that we focused…