Author: Steven Sahiounie

Oman Sultanate welcomed on Thursday the Syrian-Saudi joint statement that was issued at the conclusion of the visit of Foreign and Expatriates Minister Dr. Fayssal Mikdad to Saudi Arabia on Wednesday. “Oman Sultanate supports all efforts exerted to Syria’s return to its Arab surrounding, resume its effective role in the Arab Homeland and reach a political solution to the crisis which maintains Syria’s territorial integrity, security and stability,” the Omani Foreign Ministry said in a statement on Thursday. The Ministry renewed its support to the Syrian State’s institutions to establish their control over all parts of the Syrian land in…

Israeli occupation forces continued for the sixth consecutive day the intensification of military measures at the al-Hamra checkpoint in the northern Jordan Valley, said local sources. The al-Hamra checkpoint is erected at an intersection that connects the cities of the West Bank to the central, southern, and northern Jordan Valley. Israeli soldiers stationed at the checkpoint stopped and thoroughly searched Palestinian-registered vehicles attempting to cross the checkpoint and checked the identity cards of passengers, causing a heavy traffic jam and obstructing the movement of Palestinians, including farmers who were unable to reach their lands or were forced to take alternative…

An Iranian delegation headed by Petroleum Minister Javad Owji has arrived in Caracas to hold negotiations with the Venezuelan government and executives of state-owned oil and natural gas company PDVSA, as per the Venezuelan Foreign Ministry. The Venezuelan Foreign Ministry said, on Wednesday, that an Iranian delegation headed by Petroleum Minister Javad Owji has arrived in Caracas to hold negotiations with the Venezuelan government and executives of state-owned oil and natural gas company PDVSA. It is worth noting that PDVSA has struggled with US sanctions, but its cooperation with Iran has allowed it to replenish its fleet. In a statement, the ministry…

On the sidelines of the Spring Conference of the International Monetary Fund and World Bank in Washington, Philippine Central Bank President Felipe Medalla called for the need to create a multi-currency world. According to the head of the Philippine central bank, at the moment the dollar has an advantage because of the government bond market. He stressed that other currencies do not have the necessary international markets to support them. Earlier, French President Emmanuel Macron reported that in recent years Europe has become more dependent on the United States. According to him, the European Union should for a long time strengthen…

New information suggests that the source of the leaked US documents is a worker at a US military base with previous negative views of the US government. According to newly-disclosed information, the source of the leaked US documents is a man in his early to mid-20s who works on a military post and is known for his critical views of the US government. The Washington Post published an exclusive piece late Wednesday that presented a description of the guy behind the leaks and provided insight into how the disclosures came to be. The story was based mostly on information given by a minor…

The value of trade exchange between the United States and China in the first quarter of 2023 decreased by 13.1%, to reach $161.587 billion. This came according to data released today, Thursday, by the General Administration of Customs in China. Despite the decline in trade exchange, the United States ranked in the first three places among China’s main trading partners, along with ASEAN and the European Union. The data showed that exports from China to the United States fell from January to March of this year by 17 percent year on year, amounting to $115.237 billion. Meanwhile, the United States exported…

Oil prices fell slightly, in Thursday’s trading, after a recent rise, and the decline comes amid the market’s anticipation of the “OPEC” monthly report, which is scheduled to be issued today. And by 10:58 Moscow time, US West Texas Intermediate crude futures fell by 0.04%, to $83.23 a barrel. While Brent crude futures fell by 0.05% to $87.33 a barrel, according to Bloomberg data. The OPEC monthly report gives an indication of the situation in the global energy markets, through which experts and analysts try to derive indications of the direction of demand and supply in the future. This article…

The volume of trade exchange between Russia and China in the first quarter of 2023 increased by 38.7% and amounted to $53.845 billion, according to data from China’s Main Customs Administration. In the period covered by the data, China exported goods to Russia worth $24.073 billion, an increase of 47.1% compared to the same period in 2022, while imports from Russia increased by 32.6%, reaching $29.772 billion. Separately, last March, the level of trade between the two countries reached $20.064 billion, as Russia exported $11.02 billion worth of goods and goods to China, while it imported $9.044 billion worth of…

The Turkish newspaper Dunya, which specializes in economic affairs, revealed that a leading Turkish company in the reinforcing steel sector will enter the Egyptian market during the coming period. The newspaper indicated that the company will sign an agreement next week to start production in Egypt with a local partner, and indicated that a delegation from the Turkish Rebar Union will visit Egypt during the coming period. The head of the Turkish Rebar Union, Gokhan Turhan, said that choosing Egypt as the first country to be visited by a trade delegation from the union will be an important step in…

The Italian government has approved the sale of the ISAB refinery in Sicily, which is owned by Russia’s largest private oil company, Lukoil, to Cyprus’ GOI Energy, a branch of private equity group Argus, Reuters reported on Wednesday, citing sources. In January, Lukoil reported that it had reached a preliminary agreement with the company for the sale of the plant. However, the transaction had to be approved by the Italian authorities as it fell under the ‘Golden Power’ regulations, due to being part of an industry considered to be of strategic importance. The plant is one of the largest industrial…