Author: Steven Sahiounie

Jordan’s King Abdullah, in a phone call on Monday with US President Joe Biden, warned of what he called “hostile acts” by Israeli settlers against Palestinians and “unilateral measures” that threaten the status quo of Jerusalem’s holy sites.King Abdullah’s Hashemite dynasty is custodian of the Muslim and Christian holy sites in Jerusalem. Last month, Israeli Prime Minister Benjamin Netanyahu said there was no change in policy regarding a Jerusalem site also sacred to Muslims, after a far-right cabinet minister said Jews could pray there.The compound, in Jerusalem’s walled Old City, houses Islam’s third-holiest shrine, Al-Aqsa mosque, and is also revered…

Earlier, the Ministry reported that payments from the Russian budget to oil companies for the fuel damper in July amounted to 142.5 bln rubles ($1.67 bln)

Arab League Secretary-General Ahmed Aboul Gheit has warned against the region being dragged into a spiral of escalating violence in light of the grave risks posed by current Israeli actions. He expressed his concerns when he received Turkish Foreign Minister Hakan Fidan. Gamal Roshdy, spokesman for the secretary-general, said that the meeting included an in-depth discussion of the regional situation. They also explored ways to advance relations between the league and Turkiye in political, economic and other matters during the next phase. The meeting included an exchange of views on important regional and international issues, most notably the developments of the…

The spread between the price of Italian and German securities indicative of the foreign debt service interest surged to 150 points against such background Milan-based Borsa Italiana ended the trading session on Monday with the drop of its Ftse Mib key indicator by 2.27% to 31,293 points. The main index declined during the day by as much as 4.3%, ANSA news agency said. As a result, the Milan stock exchange showed the worst performance as compared to Frankfurt, Paris, London and Madrid, with losses up to 15 bln euro on Monday alone. The spread between the price of Italian and German securities…

The Central Bank said on June 13 that it would fix official dollar and euro rates against the ruble on the basis of reports of banks on results of transactions in the over-the-counter currency market

“Inflation in the consumer market decelerated to 0.08% over the week from July 23 to 29, 2024,” the ministry informed

The ruble-denominated MOEX Russia Index edged down by 2.42% to 2,828.72 points. The dollar-denominated RTS Index lost 1.56% to 1,049.01 points. The yuan gained 0.067% to 11.82 rubles over the day. Global markets plunged deep into the red zone. “The main reason is heightened concerns of the US economy slipping to recession before the start of monetary policy easing by the Fed. The US regulator gave a signal to interest rates lowering next month, while the latest macro data, particularly the July labor market report, turned out to be notably weaker than forecasts,” Alexander Bakhtin from BCS Investment World commented.…

The market for new passenger cars in the past 7 months grew by 69% year-on-year and amounted to 848,300 vehicles, the market for light commercial vehicles increased by 41% to 71,900

The response of the US Federal Reserve and possible rate lowering by it, the situation with financial and economic stimulation in China, and the OPEC+ response will drive prices further, Dmitry Skryabin believes

“This is very clearly seen according to results of our friendship, communications with ambassadors of countries of the Commonwealth of Independent States and representatives of the Global South,” Anatoly Antonov noted