Author: Steven Sahiounie

A decrease in food prices contributed to Egypt’s annual consumer price inflation rate reaching 27.1 percent in June, slightly down from 27.4 percent in the previous month

RIYADH: Saudi Arabia’s Tadawul All Share Index ended the week in green, gaining 8.32 points, or 0.07 percent, to close at 11,792.41.   

Saudi Arabia has expanded access to its local bond markets by appointing five more financial institutions as primary distributors of government debt instruments. 

From accelerator program graduations and fintech funding boosts to market entries and technology partnerships

: Reestablishing a business council with Canada after a five-year hiatus is the latest example of the pivotal role the Federation of Saudi Chambers is playing in facilitating international trade, experts have insisted.

Launch of King Abdullah University of Science and Technology’s Center of Excellence was announced on July 1

Turkey hopes that the grain deal will be resumed, and the final agreement on the issue will be signed in Istanbul, Turkish President Tayyip Erdogan told reporters on the sidelines of the NATO summit in Washington. “We have discussed the Black Sea grain deal with [Russian President Vladimir] Putin. We will follow the process. If we could bring both parties together on the issue, the, I hope steps will be made towards [restarting] the Black Sea initiative. We hope to finalize this process in Istanbul,” he said. “These are our expectations.” Turkish leader Tayyip Erdogan told his reporter pool upon…

President-elect Masoud Pezeshkian invites the regional Arab countries to engage in “constructive dialog” and joint endeavor with Iran towards enhancement of unity, security, and prosperity across the region. Pezeshkian made the observations in an opinion piece, titled “Together, for a Strong and Prosperous Region,” which was published in the London-based Al-Araby Al-Jadeed newspaper on Wednesday. “I am willing to address my brothers and sisters and neighbors in the region so we can take steps together down the path of constructive dialog and enhancement of cooperation and solidarity among the regional nations and governments,” he wrote. ‘Reliance on power of logic’ Pezeshkian called on…

Turkish President Recep Tayyip Erdogan said Thursday that attempts to cooperate with Israel within NATO are “not acceptable.” “It is not possible for the Israeli administration, which has trampled on the fundamental values ​​of our alliance, to continue its partnership relationship with NATO,” Erdogan told a press conference in Washington, D.C. after the NATO leaders’ summit. The defense alliance has 32 members, but it also maintains relations with many non-member countries and international organizations called NATO partners. NATO leaders gathered for a three-day summit to mark the military alliance’s 75th anniversary. Erdogan said that during his talks on the sidelines…

President Mahmoud Abbas has awarded Ambassador Torunn Viste of the Kingdom of Norway the Star of Friendship medal upon the completion of her tenure in Palestine. During a reception today at the Presidential compound in Ramallah, President Abbas honored Ambassador Viste in recognition of her outstanding role in enhancing the friendship and cooperation between Palestine and Norway. The medal symbolizes appreciation for her efforts in supporting the Palestinian people and advocating for their just cause of achieving freedom and independence. Ambassador Viste expressed gratitude for the recognition and reiterated Norway’s commitment to continuing its support for the Palestinian people in…