Author: Steven Sahiounie

RIYADH: The International Islamic Trade Finance Corp., an autonomous entity within the Islamic Development Bank Group, dedicated $3.8 billion in 2023 to bolster member countries’ energy sectors.

RIYADH: A strong stock of government financial assets has cemented Kuwait’s standing as it secures an ‘A+’ rating from Standard & Poor.  

RIYADH: Saudi Arabia led global construction activity in the first quarter, with a $1.5 trillion pipeline of unawarded projects, according to data analyzed by JLL. 

RIYADH: Saudi Arabia is gearing up to introduce a host of new entertainment and aquatic parks as the Ministry of Investment partners with Nowaar Entertainment, with the first park slated to open its doors in Riyadh in 2025.

RIYADH: Saudi Aramco’s shares rose by 1.06 percent on June 9, closing at SR28.60 ($7.63) after opening at SR27.95, marking the first trading day following a secondary share offering expected to raise around $11.2 billion.

RIYADH: Saudi Arabia’s real gross domestic product grew by 1.4 percent in the first quarter of this year compared to the previous quarter, official data showed. 

The share of settlements in the currencies of ‘unfriendly’ states has halved, according to the Russian president

The settlement of the Ukrainian conflict can be expected if peace-loving forces win the elections to the European Parliament and the US, Hungarian Prime Minister Viktor Orban told reporters after voting in the European Parliament elections. Answering the question of a TASS correspondent when peace in Ukraine can be expected, Orban said: “It can be achieved in two steps.” He explained that the main topic of the ongoing European Parliament elections in all EU countries is the issue of war and peace. In November, the prime minister recalled, the US presidential election will take place. “This is the second step,”…

Israel claimed that its massacre in central Gaza was meant to rescue four captives held by Hamas. The Israeli operation in the Nuseirat camp left 270 killed and more than 700 wounded. Egypt, Qatar, and the United States have been mediating talks between Hamas and Israel since the outbreak of the Israeli military campaign on 7 October over details for a ceasefire and the exchange of captives and prisoners. The latest round of truce talks in Cairo in early May concluded without reaching a deal. Israel then forged ahead with its Rafah plan, sending forces to the border city and taking…

The Greens party leader of Australia, Adam Bandt, criticized Labor’s handling of the war on Gaza, by accusing the government of “empty words as they continue to back the invasion and let [Israeli prime minister Benjamin Netanyahu] get away with absolutely zero consequences.” Seen by The Guardian Australia, an advance copy of Bandt’s speech revealed that the leader intended to announce at the state library in Melbourne on Sunday that the Albanese government has to pressure “Israel” to end its war on Gaza. He noted that Netanyahu’s “extreme war cabinet” must have sanctions imposed on it by Labor, while specific defense…