Author: Steven Sahiounie

Two Palestinians were killed and at least five others were injured in an Israeli airstrike that targeted a residential apartment in al-Nasser neighborhood to the west of Gaza city, according to sources. Local sources said that two bodies were pulled from under the rubble of the targeted apartment. In a related matter, medical sources of the Indonesia Hospital, north of the Strip, confirmed that a man arrived at the hospital with an injury he sustained in an Israeli airstrike that targeted an agricultural land in the town of Beit Lahiya to the north. This brings the number of Palestinians killed since…

The Palestinian Islamic Jihad (PIJ) claimed responsibility for a rocket attack that targeted Jerusalem city on May 12 afternoon. The Gaza-based armed factions said that it had launched two main barrages, aimed at Jerusalem, Tel Aviv, and other cities in central Israel. Israeli military sources said that two rockets fired from Gaza toward Jerusalem were intercepted, one by the Iron Dome and the second by David’s Sling. However, rocket sirens were sounded in the West Bank settlement of Bat Ayin. An impact was also reported in the outskirts of the settlement. However, there were no losses. Other rocket attacks targeted…

The Palestinian Ministry of Health reported the martyrdom of one Palestinian who succumbed to his wounds after being critically wounded during an Israeli airstrike on Gaza. Palestinian Health Ministry reported that one Palestinian succumbed to wounds sustained by an IOF raid in the Indonesian Hospital, North of the Gaza Strip. This brings up the number of Palestinians martyred since the start of the heinous Israeli aggression on Gaza to 31, including 6 children and 3 women, with 93 civilians injured so far, as per the Palestinian Ministry of Health. Israeli aggression enters its fourth day The Israeli occupation forces launched for the…

The Palestinian Islamic Jihad announces the assassination of another top official following an Israeli mission in Khan Yunis. Al-Quds Brigades, the military wing of the Palestinian Islamic Jihad movement, announced on Thursday that the Israeli occupation forces assassinate commander Ahmad Mahmoud Abu Daqqa in an air raid conducted on Khan Yunis. The Palestinian Health Ministry announced that a martyr and four casualties had arrived at the European Hospital in Gaza from Khan Yunis after heavy shelling by the Israeli occupation forces. Abu Daqqa was the deputy commander of the brigades’ missile unit. He was the second-in-command after Ali Hassan Ghali,…

The Israeli occupation forces are conducting fresh air raids on the Gaza Strip in continuation of the aggression that has been taking place for days. The Israeli occupation forces launched Friday a series of air raids all over the Gaza Strip, an Al Mayadeen correspondent reported just after midnight. The network’s correspondent to the Gaza Strip reported that the Israeli occupation conducted an air raid in the Nuseirat camp near the Strip’s sole power plant. The air raid left at least one dead and numerous others wounded near the power plant. The reporter also said ambulances rushed to the site in a…

The Iraqi Oil Minister announced that the Turkish authorities had been informed of the resumption of oil export operations from the Kurdistan region in northern Iraq through the Turkish port of Ceyhan, starting from Saturday, after stopping for more than a month. According to a statement issued by Minister Hayan Abdul-Ghani’s office, the Iraqi Oil Marketing Company (SOMO) “informed the Turkish BOTAS company to resume export and loading operations, as of Saturday, May 13. This comes hours after the autonomous Kurdistan Regional Government announced that it had reached an agreement with Baghdad regarding the resumption of exporting the region’s oil…

Oil prices fell, in trading today, Friday, in light of market concerns about the demand for crude, and black gold prices are heading towards recording weekly losses. And by 09:23 Moscow time, US West Texas Intermediate crude futures fell by 0.66%, to $70.40 a barrel. While Brent crude futures fell by 0.69% to $74.46 a barrel, according to Bloomberg agency data. Yesterday, upon settlement, US crude futures fell by 2.3% to $70.87 a barrel, while Brent contracts fell by 1.9% to $74.98 a barrel. This article was originally published by RT.

Transactions for imports of Russian commodities are now settled in the Chinese currency, the outlet said Almost all of Beijing’s purchases of crude oil, gas, coal and certain metals from Moscow are now settled in Chinese yuan, Reuters reported on Thursday, citing trading executives. China has been pushing for wider international use of its currency for more than a decade but the level of global settlements in yuan had remained relatively low until recently. The country’s currency, also known as the renminbi (RMB), has been used occasionally in big Chinese commodity deals as most global trading in energy and…

The sector has been under pressure since March after the collapse of several regional lenders Shares of US PacWest Bancorp nosedived on Thursday after the struggling regional lender reported that deposit outflows had resumed in the first week of May. The stock was down as much as 33% in opening trade, dragging down shares in other regional banks, including Western Alliance Bancorp, KeyCorp and Zions Bancorp. PacWest revealed in a securities filing on Thursday that its deposits declined almost 10% during the week of May 5, following reports it was exploring strategic options. According to the filing, the bank was…

The gap has widened so far this year although recent trends have indicated stabilization, the Finance Ministry has said Russia’s budget deficit surged in the first four months of the year, surpassing the government’s full-year target as energy revenues dropped under pressure from Western sanctions, the Finance Ministry reported on Wednesday. The budget gap rose to 3.42 trillion rubles ($45 billion) in January-April, exceeding the planned figure of 2.9 trillion ($37.7 billion), according to the ministry. Revenues fell by 22% to 7.8 trillion rubles ($101 billion), while spending increased by 26% to 11.2 trillion rubles ($145.6 billion) compared to the…