Author: Steven Sahiounie

A spokesman for Prime Minister Rishi Sunak said

The ECB wants to wean banks off free cash after 10 years of money printing

IMF added that a gradual, yet sizeable fiscal adjustment in Iraq was needed to stabilise debt in the medium term and rebuild fiscal buffers

GCC countries have unveiled expansionary budgets for 2024, prioritising healthcare, education and infrastructure spending

GCC countries including the UAE are leveraging the increasingly interwoven economies of Asia and the Middle East and North Africa (Mena) region to diversify and reshape their economies through investments in financial services, logistics, tourism, technology, and manufacturing, a report showed.

Russian President Vladimir Putin has arrived in the Chinese capital of Beijing on his first foreign visit after being re-elected and sworn in as Russia’s president. Putin is traveling to China on a state visit. In accordance with diplomatic protocol, a state visit is considered as the highest in status among other foreign visits. Yury Ushakov, the presidential foreign policy aide, said that China was not randomly chosen for the president’s first foreign trip, but as a response to a similar gesture of friendship made by Chinese President Xi Jinping last year. The visit to China will be held in…

The Secretary-General of the United Nations, Antonio Guterres stressed, “we gather here and our hearts break over what is happening to the Palestinians in Gaza. The war in Gaza is an open wound that may cause infection throughout the entire region.” During his speech, Guterres added, “this conflict, with its rate and scale, is the most deadly of all the conflicts I have witnessed as Secretary-General, for civilians, aid workers, journalists and colleagues at the United Nations.” He strongly condemned the collective punishment waged against the Palestinian people, stressing it cannot be justified. “Entire families have been wiped out, children have been psychologically traumatized…

“Israel’s” status as a vassal of the US can be understood through various lenses but mainly revolves around mutual security interests, historical bonds, and ideological affinities. In another episode of delirium, sources told Axios on Wednesday that Israeli Prime Minister Benjamin Netanyahu lashed out during a recent meeting with his security cabinet. “We are not a vassal state of the United States!” the sources quoted him as saying during the meeting. His comments were described as a “rant” over President Biden’s warning to “Israel” that a major attack on Rafah would cross a “red line” for US support. During that meeting, Netanyahu…

Nicola Duffy, writer and economical journalist In its quest to promote economic growth, shared prosperity, and technological advancement, the BRICS (Brazil, Russia, India, China, and South Africa) countries have undertaken a groundbreaking initiative to harness the potential of blockchain technology. This new project aims to revolutionize traditional systems and establish an ecosystem of trust, transparency, and efficiency. Let’s delve into the details of the BRICS’ investment in blockchain and its implications for these emerging economic powerhouses. Understanding Blockchain Technology At its core, blockchain is an incorruptible and immutable digital ledger that records transactions across multiple computers. Each transaction, known as…

The Biden administration is working to get US doctors out of Gaza, White House Press Secretary Karine Jean-Pierre said on Wednesday, as fighting intensified in the seaside enclave.A group of American doctors from the Palestinian American Medical Association told the Washington Post this week that they were stuck in Gaza after Israel closed the border crossing in the southern city of Rafah.“We’re tracking this matter closely and working to get the impacted American citizens out of Gaza,” Jean-Pierre said.Jean-Pierre said the United States was engaging directly with Israel on the matter.The Biden administration has been warning Israel against a major…