Author: Steven Sahiounie

It was also pointed out that Moscow regarded such plans as Helsinki’s loss of sovereignty Russia will be forced to take military-technical and other retaliatory measures if NATO uses Finland’s territory, Russian Foreign Ministry Spokeswoman Maria Zakharova said. “We are closely following NATO’s plans regarding Finland. We confirm that Russia will be forced to take retaliatory measures of both military-technical and other nature to curb threats to our national security that appear in this connection,” the diplomat said at the briefing on Wednesday, commenting on the plans to conclude an agreement allowing the US military to use Finnish territory. The…

When asked if Turkey will agree to remove its soldiers from northern Syria during the discussions, Cavusoglu stated that such a move might be undertaken as a final step if Syria has achieved total stability. Turkey’s Foreign Minister said on Wednesday that Turkey, Russia, Iran, and Syria will convene a quadrilateral summit in Moscow on May 10. Mevlut Cavusoglu highlighted the importance of collaboration in battling terrorist organizations in a television interview, emphasizing that Ankara has “no eye on Syrian territories.” When asked if Turkey will agree to remove its soldiers from northern Syria during the discussions, Cavusoglu stated that such a move…

European markets closed higher on Wednesday as global investors brace themselves for the U.S. Federal Reserve’s latest monetary policy decision. The pan-European Stoxx 600 index provisionally ended up 0.3%, slightly trimming earlier gains. The benchmark index fell 1.2% yesterday to its lowest level in nearly a month, according to Reuters data. UniCredit was up almost 4% after it smashed analyst forecasts and raised its guidance for the year. “I think it’s a combination of a positive macro, probably better than we expected, and the fact that our continued transformation is probably boosting our results, and our lines of defense are keeping our cost…

Wall Street indices fell on Tuesday, amid investor concerns about the safety of the banking sector in the United States, ahead of the US Federal Reserve’s interest rate decision. Yesterday, Tuesday, the “Dow Jones” index closed trading down by 1.08% at 33684.53 points, while the broader “Standard & Poor’s 500” index ended trading at 4119.58 points, down by 1.16%. And the “Nasdaq” index recorded at the close a reading of 12080.51 points, a decrease of 1.08% as well, according to data from the “Bloomberg” agency. US bank shares fell, and the US local bank index fell by 6.1%, in the…

The exchange rate of the dollar in Egypt is linked to several factors, as many people ask, “Will the price of the dollar decrease in Egypt?”, after its price has stabilized and stabilized during the last period. Rashad Abdo, a professor of economics at Cairo University, said in statements to Al-Masry Al-Youm that “the most important conditions of the International Monetary Fund is that the exchange rate of the pound be flexible, determined by the strength of supply and demand in Egypt, provided that its price is high in the event of an increase in demand for it, as well…

Turkish Energy Minister, Fatih Donmez, announced an agreement with the Russian company “Gazprom” that includes postponing part of gas payments due to a sharp increase in blue fuel prices last year. In an interview with the Turkish “Khabar Global” channel, Donmez confirmed the existence of an agreement and discussions that took place between Turkey and “Gazprom”, and indicated that Turkey maintains good relations with Russia in all sectors, including the energy sector. And media reports had reported earlier that Turkey had asked Russia to postpone part of the gas payments to solve the crisis of high blue fuel prices, and…

The European Union is considering the possibility of restricting the passage of goods through Russian territory as part of the eleventh package of sanctions against Russia, according to Bloomberg. According to her, “This proposal is being considered in order to combat the circumvention of restrictions already imposed on Moscow. Measures against ships that turn off transponders are also being studied.” Last Friday, Russian President Vladimir Putin stressed the need to act clearly and quickly in the face of sanctions, noting that the task is not to adapt to them, but to create a basis for the country’s successful development. It…

The Central Bank of Egypt has started the process of printing the 20-pound plastic currency, and it is scheduled to be put on the market with the advent of Eid al-Adha, according to a source familiar with the Central Bank. The source added that the Egyptian Bank settled on designing the new 20 pounds, and then started the process of printing the currency in order to put it on the local market during the coming period. He explained that the details of choosing the design of the new 20 pounds will be announced and the date of its introduction at…

Oil prices continued to decline, in trading today, Wednesday, and this came despite the drop in crude stocks in the United States during the past week.  By 10:45 Moscow time, US crude futures fell 1.06% to $70.90 a barrel. While Brent crude futures fell by 0.86% to $74.67 a barrel, thus, global crude contracts fell below $75 a barrel for the first time since March 27. And yesterday, black gold prices fell by about 5%, recording their lowest level in nearly 5 weeks. The decline came despite US data showing a decline in the volume of crude inventories in the…

The Business Activity Index (PMI) for manufacturing industries in Russia reached 52.6 points in April, compared to 53.2 points in March, but Russian export orders rose last month for the first time in 15 months. According to Standard & Poor’s Global, an increase in export orders was observed for the first time in 15 months, despite the decline in industrial production. “April saw the sector’s weakest growth since January 2023, due in part to a small number of new orders. At the same time, employment increased at the fastest pace since June 2006 and productivity is closer to stabilizing amid…