Author: Steven Sahiounie

RIYADH: Saudi utility giant ACWA Power has restructured debt and ownership in its Turkish affiliate, converting outstanding loans into equity following an agreement with major lenders and minority shareholders. 

RIYADH: Saudi Arabia’s non-oil activities saw a 2.2 percent increase in June compared to the previous month, signaling ongoing growth in the Kingdom’s efforts to diversify its economy.  

Brazil has been ramping up purchases of soil enhancers in recent months due to increasingly erratic weather 

In a diplomatic exchange, Iran’s acting Foreign Minister, Ali Bagheri Kani, engaged in a phone conversation with Belgian Foreign Minister Haja Lahbib on Saturday night to discuss the ongoing conflict and Israeli genocide in Gaza. During the call, Bagheri Kani condemned over ten months of aggressive and terrorist actions by Israel in Gaza. He highlighted the recent targeting of a school in Gaza, where innocent people were killed while praying, and pointed to further incidents, including an attack on a residential area in Beirut and the assassination of Hamas leader Ismail Haniyeh in Tehran. These actions, Bagheri Kani argued, have…

Palestinian President Mahmoud Abbas will visit Moscow on August 12-14, he expects to meet with Russian leader Vladimir Putin on August 13, Palestinian Ambassador to Russia Abdel Hafiz Nofal told TASS. “The president is arriving on the evening of August 12. On Tuesday, a meeting with President Putin is expected, and before that, Mahmoud Abbas will lay flowers at the Tomb of the Unknown Soldier in Moscow. The president is leaving on August 14. But, of course, there will be a meeting with Arab ambassadors,” he said. According to the diplomat, the main topic of discussion will be the Palestinian-Israeli…

Iranian President Masoud Pezeshkian says internataional organizations, especially the UN Security Council, must fulfill their responsibility of protecting regional and world peace and security and preventing crimes against humanity. Pezeshkian on Saturday “strongly condemned” the Israeli regime’s brutal attack on a school sheltering displaced people in the east of the Gaza Strip, which killed more than 100 civilians. The Gaza government media office said more than 100 citizens were killed and dozens injured on Saturday morning after the Israeli occupation forces bombed the al-Tabi’in school in the al-Daraj neighborhood in Gaza City. Pezeshkian said, “With this crime, the Zionist regime once…

Minister of Foreign Affairs Badr Abdelatty discussed the Gaza war and several areas of ongoing cooperation between Egypt and Belgium, including migration issues and the recovery of smuggled Egyptian antiquities, in a telephone call on Saturday with his Belgian counterpart Hadja Lahbib. During the call, Abdelatty also stressed Egypt’s aspiration to enhance academic collaboration between Egyptian and Belgian universities within the framework of European Union initiatives, according to the Egyptian Ministry of Foreign Affairs. He also spotlighted the significant progress in relations between Egypt and the European Union, with ties elevated to strategic partnership level, particularly in political dialogue at the summit level. Furthermore,…

Riyad Mansour, the Permanent Observer of the State of Palestine to the United Nations, has sent identical letters to UN Secretary-General Antonio Guterres, UN General Assembly President Dennis Francis, and the current President of the UN Security Council, Sierra Leone, condemning the recent massacre committed by Israeli forces in the al-Tabi’in School in Gaza, which housed displaced families. Mansour expressed that the international community cannot remain indifferent to such brutality and inhumanity. He criticized the Security Council for being paralyzed while Israel continues to disregard international law, the UN Charter, and its resolutions. Additionally, Mansour called for the accountability of…

Minister of Foreign Affairs Badr Abdelatty discussed with his Sri Lanka counterpart Ali Sabry boosting trade and investment relations between the two countries and recent developments in the Gaza war at a meeting on Saturday in Cairo. According to the Egyptian foreign ministry, FM Abdelatty praised during the meeting the activation of bilateral cooperation mechanisms in the holding of the second round of political consultations at the level of Assistant Foreign Ministers in Colombo in July 2023. He also welcomed Sri Lanka’s relaunching of the Egyptian-Sri Lankan Parliamentary Friendship Association at the end of last year. FM Abdelatty commended investments by major Sri Lankan companies in the ready-made…

The list of ministers proposed by Masoud Pezeshkian for a vote of confidence to the parliament is as follows: The qualifications of the proposed ministers are supposed to be reviewed by the parliament members and the commissions this week and in the open chamber starting next week. According to the schedule, the examination of the qualifications of the proposed ministers in the commissions will begin in two shifts from next week (August 27). Voting on the proposed ministers will take place in the parliament on Wednesday. Source: Iran Press