Author: Steven Sahiounie

UAE – The Dubai Chamber of Commerce highlighted that the GCC market remained the top global export and re-export destination for its member companies in the first quarter (Q1) of 2024.

Egypt is targeting $30 billion in foreign direct investment in the 2024/25 fiscal year starting July 1, a budget statement approved by parliament on Monday showed.

Imposing sanctions on the Russian nuclear industry would only “hurt” the European Union, the head of the International Atomic Energy Agency (IAEA), Rafael Grossi, has warned.   

Türkiye’s exports to Israel came to a standstill in May, after the country’s government suspended all trade with the Jewish state in response to the IOF operations in Gaza, Bloomberg reported on Monday.

Prime Minister Mohammad Mustafa and his Jordanian counterpart, Bisher Al-Khasawneh, today affirmed that the two-state solution is the only way for stability and peace. This came in a joint press conference between Prime Ministers Mustafa and Al-Khasawneh, in the Jordanian capital, Amman, on the sidelines of the meeting of the Joint Jordanian-Palestinian Higher Committee. The Prime Mustafa said that what is happening in the Gaza Strip and the West Bank does not only affect the economy and commercial activity, but also affects stability and security in the region, which requires engaging in a serious political process that leads to the…

The Rafah border crossing critical to aid deliveries into Gaza from Egypt cannot operate again unless Israel relinquishes control and hands it back to Palestinians on the Gaza side, Egyptian Foreign Minister Sameh Shoukry said on Monday. Last month, Israel seized Gaza’s entire border with Egypt including the crossing during its offensive against Hamas in the city of Rafah. The crossing also represents the only lifeline to the outside world for the 2.3 million population in the Israeli-besieged territory. “It is difficult for the Rafah crossing to continue operating without a Palestinian administration,” Shoukry told a press conference with his…

Saudi Crown Prince, Mohammed bin Salman, congratulated Sheikh Sabah Khaled Al-Hamad Al-Mubarak Al-Sabah on his appointment as Crown Prince of Kuwait. “On the occasion of your appointment as Crown Prince of the State of Kuwait, I am pleased to extend my sincere congratulations and best fraternal wishes for your success,” the Saudi crown prince said. “I look forward to further cooperation, building on the strong historical relations between our two brotherly countries and peoples. Wishing Your Highness good health and happiness, and the brotherly people of Kuwait continued progress and prosperity,” he added.  Source: arab News

Foreign Minister Sameh Shoukry has embarked on a visit to Spain to hold discussions with top officials regarding the Palestinian cause, particularly the ongoing war in Gaza and the recognition of the Palestinian state. Shoukry will explore how Spain can support efforts to halt the war in Gaza, the Egyptian Ministry of Foreign Affairs said in a statement on Sunday. Additionally, he will discuss potential avenues for Spain to contribute to the resumption of the political settlement process based on the two-state solution for the Palestinian cause. The ministry emphasized Spain’s longstanding support for the Palestinian cause, including its recent…

White House national security spokesperson John Kirby says if Hamas agrees to President Joe Biden’s ceasefire proposal to end the war, the US expects Israel to also accept the plan. “This was an Israeli proposal. We have every expectation that if Hamas agrees to the proposal – as was transmitted to them, an Israeli proposal – then Israel would say yes,” Kirby said in an interview on the ABC News programme This Week. Israel’s Prime Minister Benjamin Netanyahu said a day earlier that its military goal had remained unchanged and that the end of the war would not occur until…

UAE President Sheikh Mohamed bin Zayed Al-Nahyan welcomed the Emir of Qatar, Sheikh Tamim bin Hamad Al-Thani, who arrived in Abu Dhabi on Sunday. The two rulers reviewed a number of regional and international issues, particularly the current humanitarian crisis in the Gaza Strip during their meeting, stressing the importance of intensifying efforts for an immediate and permanent ceasefire in the besieged enclave and providing protection. They agreed that civilians in Gaza must be protected in accordance with rules of international humanitarian law, in addition to strengthening the response to their deteriorating humanitarian conditions. The two sides also touched on…