Author: Steven Sahiounie

The Republic of Armenia has officially recognized the State of Palestine, raising the number of countries that recognize Palestinian statehood to 149 out of the 193 member states of the United Nations General Assembly. In a statement released today, the Armenian Ministry of Foreign Affairs highlighted the catastrophic humanitarian situation in Gaza and the ongoing war as critical issues on the international political agenda that necessitate resolution. “The Republic of Armenia has joined United Nations General Assembly resolutions calling for an immediate ceasefire in Gaza,” the statement read. The ministry emphasized Armenia’s pursuit of a peaceful and comprehensive resolution to…

Earlier on Saturday, El-Sisi extended his sincere gratitude to King Salman bin Abdulaziz of Saudi Arabia and Saudi Crown Prince Mohammed bin Salman for the warm reception in the kingdom during his Hajj pilgrimage. Around 1.8 million pilgrims from various countries worldwide have already arrived in Saudi Arabia for this year’s Hajj, according to the Saudi Hajj and Umrah Ministry.  Source: Ahram News

German Foreign Minister Annalena Baerbock will visit the Middle East next week, Berlin said Friday, as the Gaza war grinds on and fears grow of a wider regional conflict.Baerbock will travel to Israel Monday immediately after a meeting of European Union foreign ministers in Luxembourg, a foreign ministry spokeswoman said.On arrival in Israel, Baerbock — who has visited the region several times since the start of the Israel-Hamas war — will give a speech at the Herzliya Security Conference.On Tuesday, she will hold talks with Palestinian prime minister Mohammed Mustafa in Ramallah, in the occupied West Bank.Baerbock will also meet…

The US Treasury Department has announced it is suspending certain provisions of the 1992 tax convention with Russia. The step follows Moscow’s scrapping of double-taxation treaties last year with those who have imposed sanctions against the country.

Nvidia became the largest company in the world on Tuesday, after the US artificial intelligence chipmaker’s valuation exceeded $3.33 trillion, surpassing Microsoft. Two weeks ago, Nvidia edged out Apple from the number two spot.

The current chief will resign by the end of the year, following multiple revelations of questionable safety standards at the firm

Trade turnover between Russia and the European Union has continued to fall amid Western sanctions against Moscow, tumbling to nearly a quarter-century low as of the end of April, RIA Novosti reported on Wednesday, citing Eurostat data.

U.S. jobless claims fell in the latest week, declining 5,000 to a seasonally-adjusted 238,000 for the week ended June 15, data showed, suggesting a generally stable labor market

At 1229 GMT, the yuan was 0.05% lower at 7.2605 to the dollar, its weakest since November and only 11 pips from the top of a narrow 2% daily trading band, the mid-point of which is set by the People’s Bank of China (PBOC)

The dollar index, which tracks the currency against six peers, was last up 0.28% at 105.49