Author: Steven Sahiounie

DOHA: The National Planning Council has released the Consumer Price Index (CPI) for the month of June 2024 which revealed the CPI of June 2024 reached 107.52 points showing a decrease of 0.07% when compared to CPI of May 2024. Compared to CPI of June 2023, [Y-o-Y] basis, an increase of 0.98% has been recorded in the general index (CPI) of this month.

Riyadh: The Saudi Export-Import Bank (Saudi EXIM Bank) and Chilean Foreign Investment Promotion Agency (InvestChile) have signed a memorandum of understanding to strengthen cooperation and commercial ties, promote Saudi exports and investments in Chile, and increase non-oil Saudi exports to Chilean markets.The agreement was signed by Saudi EXIM Bank CEO Eng. Saad Alkhalb and InvestChile representative on the sidelines of a Saudi-Chilean investment roundtable in Santiago, Chile.Alkhalb stressed that the memorandum is a major advancement in fostering economic and trade relations, collaborative investment initiatives, and increased opportunities for cooperation between commercial enterprises and financial institutions in the two countries.He also…

ABU DHABI: The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 5.40 percent.

The assassination of the head of the Hamas Political Bureau Ismail Haniyeh, undermines the establishment of a potential political solution in the Gaza Strip, the Brazilian Foreign Ministry said on Wednesday. In a statement issued by the Foreign Ministry, Brazil denounced the Israeli aggression against Iranian territories and sovereignty as a clear violation of international charters, which undermines the possibility of achieving “peace” in the region. “Such acts further diminish the chances of a political solution to the conflict in Gaza, negatively impacting the ongoing negotiations for a ceasefire and the release of hostages,” the statement further said. Brazil also condemned Haniyeh’s assassination, called for…

In a solemn ceremony at Tehran University on Thursday, Ayatollah Sayyed Ali Khamenei, the leader of the Islamic Revolution, led funeral prayers for Hamas Political Bureau chief Ismail Haniyeh and his security guard, Wasim Abu Shaaban, both assassinated by “Israel” during Haniyeh’s visit to Tehran. A large number of Iranian mourners gathered to pay their respects and participate in the funeral procession for the fallen Hamas leader and his bodyguard. Haniyeh had been in Tehran to attend the inauguration of Iran’s newly-elected President, Masoud Pezeshkian, along with other prominent figures from the Axis of Resistance. Ghalibaf: Era of ‘Israel’s’ unchallenged attacks has…

Saudi Arabia’s King Salman bin Abdulaziz Al Saud has sent a written message to Iran’s President Masoud Pezeshkian concerning relations between the two countries. The message was submitted to the new Iranian president by Minister of State Prince Mansour bin Miteb bin Abdulaziz, who was in Tehran on Tuesday to participate in the swearing-in ceremony of Pezeshkian, the Saudi Press Agency reported on Wednesday. Later on Tuesday, Prince Mansour and his accompanying delegation were received by Pezeshkian in a meeting, during which the Saudi official conveyed the greetings of King Salman, as well as Mohammed bin Salman, Crown Prince and Prime Minister, to…

Minister of Foreign Affairs, Emigration, and Egyptian Expatriates Affairs Badr Abdelatty and his Jordanian counterpart Ayman Safadi have held Israel responsible for the “serious” escalation of tension in the region due to its aggression on the Gaza Strip, violations of international law, illegal practices in the West Bank, and political assassinations. In a phone call on Wednesday, Abdelatty and Safadi called on the UN Security Council to pass a binding resolution that would compel Israel to end its aggression against Gaza and its ongoing violations of international law. The two ministers urged for de-escalating the situation to prevent slipping the…

An Israeli airstrike on the outskirts of the village of Chamaa in southern Lebanon has killed 4 people and injured several others, a Lebanese Ministry of Health reported on Thursday. The ministry added that 5 Lebanese citizens were injured also as a result of the strike. On Saturday, an Israeli Iron Dome interceptor missile landed on a football field in the Druze town of Majdal Shams, killing 12 people and injuring dozens. “Israel” was quick to pin the blame on Hezbollah and claimed that the Lebanese group targeted the town with an “Iranian rocket,” allegations which Hezbollah has outwardly rejected.…

Egypt is continuing its efforts with the US to reach a ceasefire agreement in the war-torn Gaza and secure the release of captives, Minister of Foreign Affairs, Emigration, and Egyptian Expatriates Affairs Badr Abdelatty said during a phone call on Thursday with his Irish counterpart Micheál Martin. During the call, they exchanged views on the recent developments related to the Palestinian cause. The top Egyptian diplomat warned of expanding the scope of the conflict, calling for an instantaneous ceasefire in Gaza to resume the peace process, according to a statement by the foreign minister. He also praised Ireland’s position which supports the legitimate rights of…

Shareholder of Russia’s largest iron ore producer Metalloinvest Alisher Usmanov nursed the heaviest losses in the period, with his fortune losing $4.85 bln to $16.2 bln