Author: Steven Sahiounie

US Secretary of State Antony Blinken held a phone call with Israeli Security Minister Yoav Gallant and War Cabinet Minister Benny Gantz to discuss the latest potential deal proposal revealed by President Joe Biden last week, according to the US State Department. A Times of Israel report cited the US readout stating that Blinken “commended Israel’s readiness to conclude a deal and affirmed that the onus is on Hamas to accept” while stressing that the deal would enhance “Israel’s” long-term security interests, especially through what they called as regional integration. No response from the Israeli side regarding the phone call has been made public…

President Mahmoud Abbas congratulated the Emir of Kuwait, Sheikh Sabah Al-Khalid Al-Sabah, on his appointment as Crown Prince. In a congratulatory telegram, the president extended his heartfelt congratulations on the occasion of appointing Sheikh Sabah Al-Khalid Al-Sabah as Crown Prince. President Abbas wished Kuwait, its Crown Prince and the brotherly people of Kuwait continued progress, more achievements, further developments and prosperity. Source: WAFA

Egyptian President Abdel Fattah al-Sisi reappointed on Monday Prime Minister Mostafa Madbouly to form a new government after the latter submitted his cabinet’s resignation, following Sisi’s reelection for a third term last year, the presidency said in a statement. Egyptian President Abdel Fattah El-Sisi reappointed Prime Minister Mostafa Madbouly on Monday to form a new government after the latter submitted his cabinet’s resignation, following El-Sisi’s reelection for a third term last year, the presidency said in a statement.El-Sisi directed the new government to focus on lowering inflation and regulating markets as well as attracting and increasing local and foreign investments,…

Egyptian President Abdel Fattah al-Sisi reappointed Prime Minister Mostafa Madbouly on Monday to form a new government after the latter submitted his cabinet’s resignation, following Sisi’s reelection for a third term last year, the presidency said in a statement.

The Kuwait Fund for Arab Economic Development (KFAED) and Pakistan signed on Monday a KD 7.5 million (USD 24.4 million) loan agreement to fund the Mohmand Hydropower Dam project. According to a KFAED statement, the Loan agreement was signed by Malik Muhammed Farooq — Ambassador of the Islamic Republic of Pakistan to State of Kuwait — whereas Waleed Al-Bahar, Acting Director-General of Kuwait Fund for Arab Economic Development, signed the Loan Agreement on behalf of the Fund. “The Project aims to support the economic and social development in by enhancing national energy generation from the available hydro resources to meet…

Algeria wants to lure more visitors to the cultural and scenic treasures of Africa’s largest country, shedding its status as a tourism backwater and expanding a sector outshone by competitors in neighbouring Morocco and Tunisia.

Riyadh – Saudi Export-Import Bank (Saudi EXIM) has signed a non-binding agreement with Australia’s Macquarie Group for credit facilities worth $500 million.

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.