Author: Steven Sahiounie

The head of Egypt’s $12 billion sovereign wealth fund Ayman Soliman has resigned, three sources familiar with the matter told Reuters

RIYADH: The role of a CEO is often seen as the pinnacle of corporate leadership, a position that carries immense responsibility and intense pressure, especially during turbulent times. 

Saudi Arabia’s Tadawul All Share Index rose on Wednesday, gaining 52.81 points, or 0.45 percent to close at 11,849.65. 

Saudi Arabia’s annual inflation rate climbed to 1.5 percent in July compared to the same period last year, driven largely by a surge in housing costs

A sudden stoppage would have far-reaching consequences for Austria, according to the country’s energy ministry

Fitch Ratings has downgraded Ukraine’s credit rating to ‘restricted default’ on Tuesday, citing the expiry of a ten-day grace period for the coupon payment on the country’s $750 million 2026 Eurobond, which was due on August 1.

The Iranian Foreign Ministry’s spokesman strongly condemned the move by two Israeli ministers and a crowd of illegal Zionist settlers to storm the Al-Aqsa Mosque complex on Tuesday. Nasser Kanaani said in a statement that the “provocative move” by the Israeli ministers and settlers was a clear example of the Zionists’ intention to foment tension and unrest in the region. The sinister measure revealed the undeniable fact that the Zionist regime’s leaders seek to add fuel to the fire of their belligerence by hurting the religious feelings of Muslims in Palestine and the world, he added. Kanaani also urged the US…

Japan’s Prime Minister Fumio Kishida said he will step down next month, succumbing to public disaffection over political scandals and rising living costs that marred his three-year term, and triggering a contest to replace him. “Politics cannot function without public trust. I made this heavy decision thinking of the public, with the strong will to push political reform forward,” he said in a press conference to announce his decision not to seek re-election as the Liberal Democratic Party (LDP) leader, Reuters reported. The LDP will hold a contest in September to replace him as president of the ruling party, and…

Turkey’s President Recep Tayyip Erdogan has told visiting Palestinian President Mahmoud Abbas that Ankara will continue to support the Palestinian cause and push the international community to increase pressure on Israel. The two leaders discussed recent developments and the steps to be taken for a lasting ceasefire and peace in Gaza, Erdogan’s office said in a post on X. Erdogan condemned Israel’s war in Gaza, accusing some Western countries of remaining silent and continuing to support Israel. Abbas is set to address an extraordinary session of Turkey’s parliament tomorrow source: alJazeera

At a UN Security Council discussion yesterday, Norway noted that in 2021, the council unanimously adopted Resolution 2601, which condemned attacks and threats of attack against schools, educational facilities and civilians connected with schools. “The Safe School Declaration is endorsed by 120 states,” Norway said, urging all states to endorse it. The declaration is an intergovernmental political commitment that allows states to support protecting students, teachers, schools, and universities from attack during times of armed conflict. Source: AlJazeera