Author: Steven Sahiounie

TOKYO/SINGAPORE: Oil prices eased on Thursday as concerns over weak demand in China, the world’s largest crude importer, and expectations of a nearing ceasefire deal in the Middle East overcame gains in the previous session after draws in US inventories.

RIYADH: Following high-level meetings, trade relations between Saudi Arabia and Brazil have been lauded for their “remarkable development.”

RIYADH: Moody’s Investor Services has affirmed its AAA credit rating with a stable outlook for the Islamic Development Bank, driven by the financial institution’s robust asset performance. 

RIYADH: Saudi Arabia’s non-oil exports hit a two-year high in May, reaching SR28.89 billion ($7.70 billion), an 8.2 percent increase compared to the same month in 2023. 

RIYADH: Saudi low-cost airline flynas has signed a deal to purchase 160 Airbus aircraft, doubling the volume of its orders to 280 planes. 

Belarusian President Alexander Lukashenko has arrived in St. Petersburg, the Pool of the First Telegram channel close to the presidential press service reported. “The first [meeting] is in St. Petersburg. Moving forward, the agenda promises to be interesting,” the message reads. According to the information disseminated earlier, Lukashenko left on a working visit to Russia today, where he plans to hold talks with Russian head of state Vladimir Putin. The heads of state will discuss topical issues in the development of Belarusian-Russian relations, joint projects, regional security and international affairs. Source: TASS

Minister of Foreign Affairs, Emigration, and Egyptian Expatriates Affairs Badr Abdelatty emphasized the importance of international recognition of the Palestinian state, including by Europe, in a phone call with Minister for Europe and Foreign Affairs Stéphane Séjourné on Tuesday. During the call, they discussed the situation in the region and developments in the Gaza war. FM Abdelatty affirmed that international recognition will send a clear message to the international community and Israeli circles about the importance of understanding peace determinants and progressing towards a two-state solution. Moreover, he underscored the gravity of Israeli decisions that hinder efforts to reach a two-state…

Israeli opposition leader Yair Lapid slammed Prime Minister Benjamin Netanyahu’s speech before the US Congress as “disgraceful”. Lapid criticized Netanyahu, particularly for not taking any responsibility for his failure regarding the October 7 events and for failing to accept a deal with Hamas that would retrieve the Israeli captives held by the Palestinian Resistance in Gaza. “Disgraceful! An hour of talking without saying a single sentence: ‘There will be a hostage deal,'” he posted on his account on the X platform. In a separate post, the opposition figure said, “We heard Netanyahu speak about October 7 as if he has…

Algeria, under the leadership of President Abdelmadjid Tebboune, is committed to collective African efforts to prevent and resolve conflicts on the continent to achieve economic development, embodying the principle of African solutions to African problems, affirmed Algerian Foreign Minister Ahmed Attaf. Attaf stressed that “the Palestinian people are in dire need, now more than ever, of the support of the African continent and free peoples.” In a speech read on his behalf by the Inspector General of the Ministry of Foreign Affairs, Abdelhamid-Ahmed Khodja, during the opening of the international seminar on the African dimension of the Algerian Revolution, Attaf…

The United States, the United Kingdom, Germany, and dozens of organizations and countries are striving to block or delay an arrest warrant by the International Criminal Court (ICC) for Israeli Prime Minister Benjamin Netanyahu over his genocidal war in the besieged Gaza Strip, a report says. The ICC is currently seeking arrest warrants for Netanyahu and his minister of military affairs Yoav Gallant on charges of war crimes. In case such warrants are issued, then attention will probably also turn to governments like the US, the UK and Germany, as well as organizations and officials who aided the Tel Aviv regime in…