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Author: Steven Sahiounie
President Mahmoud Abbas received today an invitation from Jordan’s King, Abdullah II, his Egyptian counterpart, Abdel Fattah El-Sisi, and the United Nations Secretary-General, António Guterres, to attend the emergency conference on Gaza humanitarian response set to be held in Jordan. This came during a meeting held today at the presidential headquarters in Ramallah with the Jordanian Ambassador to Palestine, Essam Al Badour, and the Egyptian Ambassador to Palestine, Ihab Suleiman. President Abbas welcomed the honorable invitation to attend this important international conference on the humanitarian response for the Palestinian people in Gaza who are being subjected to genocide and starvation…
CAIRO: Saudi Arabia-based fintech Simplified Financial Solutions Co. has closed a $10 million seed round led by Sanabil Investments, a wholly owned subsidiary of the Public Investment Fund, and RAED Ventures.
RIYADH: Saudi banks’ real estate loan portfolios reached SR800.5 billion ($213.5 billion) in the first quarter of 2024, a 13 percent increase from the same period last year, the latest official data showed.
RIYADH: Energy investment in the Middle East is projected to reach approximately $175 billion in 2024, with clean resources accounting for around 15 percent of the total, a new report disclosed.
RIYADH: Saudi Arabia is set to raise over $11.2 billion by selling shares in oil giant Aramco to fund its spending plans, after pricing its stock at SR27.25 ($7.27), the company announced.
The new settlement mechanism will allow countries to bypass Western financial messenger SWIFT, Anton Siluanov has said
The trend has largely been driven by non-resource sectors, the president has said The Russian economy is growing more quickly than those of other major global powers and is doing so without a reliance on oil and gas, President Vladimir Putin said on Friday. Speaking at the plenary session of the St. Petersburg International Economic Forum (SPIEF), Putin noted that Russian GDP expanded by 3.6% last year, bouncing back from a 1.2% downturn amid Ukraine-related sanctions in 2022. This year the economy has continued to expand, the president stated. “For the first quarter of this year, growth reached 5.4%. That…
American chip giant Nvidia overtook Apple to become the second-most-valuable company in the world on Wednesday, after the semiconductor designer’s valuation surged past the $3 trillion mark.
Russia is ready to support new ways of facilitating international payments, including cryptocurrencies, Deputy Finance Minister Ivan Chebeskov has said, signaling a potential shift in government policy. He also argued that global trust in the US dollar and the euro has eroded significantly.
Western plans to use Russia’s frozen central bank reserves in Ukraine may undermine the global monetary system, the International Monetary Fund has stated. Responding to a question from RIA Novosti about the IMF’s view on the G7’s plans for the assets, IMF spokeswoman Julie Kozack said any move regarding the assets must have a sound legal basis.
