Author: Steven Sahiounie

Turkey plans to draw on its geographical position and an EU customs deal to entice Chinese investors keen to access European markets tariff-free, as it recently just did with carmaker BYD.

The International Monetary Fund said it reached a new $7 billion loan deal with Pakistan in a bid to bolster its faltering economy.

Middle East eyewear retailer MAGRABi Retail Group is planning to open 36 new stores in 2024, expanding its footprint across the region

Saudi Arabia is making significant strides in education technology, with substantial investments aimed at transforming and enhancing the sector.

Saudi banks extended 94 percent of credit facilities, with the remaining 6 percent granted by finance companies

Steven Sahiounie, journalist and political commentator Iran has a new president, but that won’t affect the US-Iran relationship, because the US is held hostage to the Israel Lobby, AIPAC. Masoud Pezeshkian, a 69-year-old cardiac surgeon, former health minister, and current Member of Parliament, won 53% of the vote in a runoff election in Iran.Pezeshkian is open to a new relationship with the US, but any policy change will have to wait until the outcome of the US election in November. Similarly, Israeli Prime Minister Benjamin Netanyahu is waiting for the outcome of the US election. “I have come … to…

The Central Bank of the United Arab Emirates (CBUAE) announced that monetary deposits increased by over 1.74 percent or AED13.1 billion in April, reaching AED764 billion, compared to AED750.9 billion in March. According to CBUAE’s statistics for April, issued today, government deposits increased to AED508.8 billion, while quasi-monetary deposits settled at AED1.256 trillion. Currency issued reached AED146.8 billion during April, with banks accounting for AED18.4 billion and currency circulated outside banks logged at AED128.4. The April statistics further showed that the monetary base expanded by 1.5 percent to AED714.3 billion, comprising AED146.8 billion in currency issued, AED183.1 billion in reserve…

The new British government’s aim to post the fastest sustained economic growth among G7 nations hinges on ranking first for increases in per-capita output for two years running by the time of the next election, a government source told Reuters.

Russian plants owned by Silgan Holdings Austria have been taken under state management   Russia has temporarily nationalized the assets of metal packaging manufacturer Silgan Holdings Austria. According to a decree signed by Russian President Vladimir Putin on Thursday, the Russian assets of the company have been transferred under state supervision. All of the shares in two plants owned by the Austrian arm of the US company – Silgan Metal Packaging Stupino in Moscow Region, and Silgan Metal Packaging NM in Adygea – have been handed over to the Russian Federal Property Management Agency following the presidential decree. Silgan Holdings…

The service could experience slowdowns in Russia because its servers have not been updated in two years, Dmitry Peskov has explained