Author: Steven Sahiounie

Al-Khobar: The Federation of Gulf Cooperation Council (GCC) Chambers is scheduled to organize the second edition of the Gulf-Azerbaijan Economic Forum on September 25, under the theme “Sustainability, Investments, Partnerships,” in Baku.

The value of the allotted Treasury bills amounted to OMR10 million, for a maturity period of 28 days. The average accepted price reached RO 99.635 for every RO 100

Saudi Arabia’s international trade surpassed $130.84bln, with merchandise exports totaling $78.53bln, comprising 60% of the overall trade.

Indian Prime Minister Narendra Modi told Russian President Vladimir Putin in a telephone conversation that he would like to help in the settlement of the Ukrainian conflict, the Kremlin’s press office said in a statement on Tuesday. “Narendra Modi briefed [Putin] on his recent visit to Kiev, emphasizing his interest to contribute to a possible political and diplomatic settlement of the situation around Ukraine,” the statement reads. The telephone conversation between the leaders of Russia and India came shortly after Modi paid an official visit to Kiev on August 23, which was the first one for an Indian head of…

Egyptian President Abdel-Fattah El-Sisi and Iraqi Prime Minister Mohammed Shia al-Sudani emphasized the urgent need to end the humanitarian crisis in the Gaza Strip. This came during a meeting between President El-Sisi and the Iraqi PM on Tuesday in Cairo, where they tackled means to address a host of serious challenges impacting the region. The two leaders called on the international community to exert substantial pressure to reach a ceasefire agreement in Gaza, and put an end to the ongoing Israeli escalation in the occupied West Bank, according to a presidential statement. They also advocated for initiating a genuine political process to guarantee…

President Abdel-Fattah El-Sisi extended on Tuesday his sincere condolences to the family of the former secretary-general of the League of Arab States and former minister of foreign affairs Dr. Nabil El-Araby, who passed away on Monday at age 89. In an official statement, the Egyptian presidency stated that El-Araby left behind a life dedicated to serving his country and the Arab nation. “May Allah the Almighty envelop the deceased with His vast mercy and grant his family patience and solace,” the statement read. Moreover, the Egyptian Ministry of Foreign Affairs mourned the death of El-Araby on Monday. “The Ministry of Foreign Affairs and…

The High Representative for Foreign Affairs and Security Policy of the European Union, Joseph Borrell, said the quick spread of Polio threatens all children in Gaza, already weakened by displacement, deprivation and malnourishment. He urged for an immediate three-day humanitarian ceasefire, independent of wider negotiations, to enable vaccination by the World Health Organization (WHO) and the United Nations Children’s Fund (UNICEF). “Our humanity demands it,” said Borrell in a post on X. The Israeli occupation is temporarily blocking the entry of humanitarian and relief aid into the Gaza Strip and seeks to reduce the number of aid trucks allowed entry.…

Steven Sahiounie, journalist and political commentator At 4:45 am., local time, Sunday August 25, Israel began a series of 50 preemptive airstrikes over villages in the south of Lebanon resulting in civilian casualties and injuries. According to Israel, they had information that Hezbollah was planning a massive attack on Israel using 6,000 missiles. Israel claimed to have hit missile launchers and weapon storages. At 5:00 am. Hezbollah responded with 320 missiles and tens of drones. The large number of missiles rendered the sophisticated “Iron Dome” Israeli air defense system ineffective. The exact extent of the damages in Israel is not…

Oil prices paused recent advances to trade in a range on Tuesday, after a surge of more than 7 percent in the previous three sessions

RIYADH: Egypt’s economy is showing signs of recovery, as the government’s recent efforts to restore macroeconomic stability have started to yield positive results, the International Monetary Fund said.