Author: Steven Sahiounie

Iranian Interim Foreign Minister Ali Bagheri Kani has met with Saudi Deputy Foreign Minister Walid bin Abdulkarim Al Khereiji In Tehran to discuss bilateral relations and means to enhance ties. During the meeting, which was held on the sidelines of the 19th Asia Cooperation Dialogue (ACD) ministerial meeting on Tuesday, Bagheri Kani emphasized that the two countries have a serious determination to pursue the deepening and development of relations in various fields. “We believe that there should be no obstacle in the way of this process,” he added. The top Iranian diplomat also thanked Saudi officials for facilitating the affairs of Iranian pilgrims in…

China’s Deputy Permanent Representative to the United Nations, Geng Shuang reaffirmed the necessity of respecting Syria’s sovereignty and territorial integrity, calling on the great powers to help de-escalate tensions in the Middle East and promote lasting peace. In a briefing to the UN Security Council on the situation in Syria, Geng said, “China expresses its deep concern over the continued Israeli attacks on Syria, which constitute a violation of its sovereignty and territorial integrity”. Geng stressed China’s affirm commitment to reaching a political solution to the crisis in Syria through a process led and owned by the Syrians. The terrorism…

Ten children per day are losing one or both of their legs in the ongoing Israeli genocidal war on the Gaza Strip, according to the Secretary General of the UN agency for Palestine refugees (UNRWA) Philippe Lazzarini. Speaking during a press conference at the UNRWA Advisory Commission in Geneva, Lazzarini stated: “Basically, we have every day 10 children who are losing one leg or two legs on average. This gives you an idea of the scope of the type of childhood, a child can have in Gaza.” Citing figures from the UN children’s agency UNICEF, he said that figure “does…

RIYADH: Saudi Arabia’s flynas has been named the Best Low-Cost Airline in the Middle East for the seventh time in a row by a leading industry body.

RIYADH: Saudi Arabia has “a lot to offer” global players in the artificial intelligence sector looking to set up shop in the Kingdom, a top minister has insisted. 

SINGAPORE: Oil prices were little changed on Tuesday after rising in the previous session helped by expectations of increased fuel demand this summer, but investors were cautious ahead of US consumer price data, according to Reuters. Brent futures for August settlement eased 5 cents to $85.96 a barrel as of 8:40 a.m. Saudi time after gaining 0.9 percent on Monday, while US crude futures were down 3 cents at $81.60 a barrel after climbing 1.1 percent a day earlier. Both benchmarks rose about 3 percent last week, marking two straight weeks of gains. Gasoline demand is rising and oil and fuel stockpiles…

PARIS: Airbus softened key industrial and financial targets and took a hefty €900-million ($965 million) charge for its troubled space activities as Europe’s largest aerospace group sought a clean slate approach to supply disruptions and commercial risks, according to Reuters.

RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Tuesday, gaining 33.73 points, or 0.29 percent, to close at 11,730.77.

RIYADH: Saudi Arabia has completed its riyal-denominated sukuk issuance for June at SR4.4 billion ($1.17 billion), according to the National Debt Management Center.

RIYADH: The Gulf region’s luxury sector is growing twice as fast as the global industry, reaching $12.5 billion in 2023, driven by strong macroeconomics and flourishing tourism, a new report revealed. According to the findings by luxury goods retailer and distributor Chalhoub Group, further growth is anticipated, bolstered by projected robust economic reforms set to enhance the market due to high consumer confidence. In its analysis of the Gulf Cooperation Council luxury retail market, the group noted a positive outlook on the regional economy, reflected in consumers’ personal finances, with 93 percent of respondents claiming to be doing well financially. Jasmina Banda,…