Author: Steven Sahiounie

France has issued an arrest warrant for Nikolay Durov, the brother of Telegram founder Pavel Durov, Politico reported, citing an administrative document. According to the newspaper, the arrest warrants for the Durov brothers were issued on March 25 over charges including “complicity in possessing, distributing, offering or making available pornographic images of minors, in an organized group.” Politico said that the warrants were issued following a court request to Telegram to establish the identity of a user accused of distributing and preparing child pornography. The warrants are also due to the fact that the messenger is used “by numerous criminal groups.” In…

Amnesty International has called on European Union countries not to supply Israel with weapons, in a letter addressed to the EU’s High Representative for Foreign Affairs and Security Policy, Josep Borrell. The organization urged the European Union, in a letter published by the German News Agency (dpa) on Wednesday, not to invest or trade with Israeli colonies in the occupied Palestinian territories, which the International Court of Justice in The Hague has deemed illegal in a recent advisory opinion. The organization’s call to tighten EU policy comes ahead of a meeting of EU foreign ministers in Brussels to discuss the war…

Negotiations for the proposed free trade agreement (FTA) between Oman and India are in an advanced stage, with both countries aiming to finalise the pact soon

Egypt – Ahmed Kouchouk, the Minister of Finance, has issued a decree establishing a central unit to facilitate customs and tax procedures for entities and companies operating in the automotive industry. This central unit will report directly to the Minister of Finance, with the Secretary-General of the Fund for Financing Environmentally Friendly Vehicle Manufacturing overseeing its technical and administrative operations. The unit is tasked with simplifying and accelerating customs and tax procedures for companies involved in vehicle manufacturing, including assembly companies, component suppliers, and other entities participating in the National Program for Automotive Industry Development. This applies to activities at…

audi Arabia’s Cabinet has approved a memorandum of understanding with Iraq to enhance financial intelligence cooperation

Banque Saudi Fransi completed the issuance of additional tier-one sukuk, raising SR3 billion ($810 million) under its SR8 billion capital program. 

Oil was little changed on Wednesday after a sharp drop in the previous session ended a three-day streak of gains

Total exports amounted to around 30.2 billion riyals in July and imports reached an estimated 10.1 billion riyals

Deal was obtained from a diverse global syndicate of 23 financial institutions spanning Europe, the US, the Middle East and Asia

Islamic banks in the UK saw their assets surge 26 percent in 2023 to $8.2 billion, reinforcing the country’s position as a key Western hub for Shariah-compliant banking.