Author: Steven Sahiounie

The sale of ExxonMobil’s Nigerian petroleum assets to Seplat could be approved in less than two weeks, Nigeria’s oil regulator told Reuters on Thursday.

Trade exchange between Egypt and Kuwait fell by 11.8% year on year (YoY) in 2023 to $3 billion, compared to $3.4 billion, according to data by the Central Agency for Public Mobilization and Statistics (CAPMAS).

Initial claims for state unemployment benefits were unchanged at a seasonally adjusted 208,000 for the week ended April 27, the Labor Department said on Thursday

Russian energy major Gazprom reported its first annual loss since 1999 on Thursday, in the wake of dwindling gas exports due to the Western-sanctions pressure.

Russia is not going to participate in the conference on Ukraine in Switzerland, planned in June, or in any other events on Ukrainian President Vladimir Zelensky’s ‘peace formula’, Foreign Ministry Spokeswoman Maria Zakharova said in a commentary. “The Swiss organizers of the conference are openly spinning the facts. Russia is not going to participate either in the first so-called summit in Switzerland, or basically in any events promoting the ultimatum-like ‘Zelensky’s formula’. Even if we will be persistently invited to such forums,” Zakharova said, commenting on Switzerland’s statement that at this stage Russia was not invited to the June ‘peace…

Amid the US’ decision to halt all UNRWA funding until March 2025, the organization has decided to look for new donors, primarily in the Arab world. UNRWA is now looking for new donors, including Arab nations, to bridge the gap left by the United States and several countries amid their decision to defund the organization. Earlier this year, “Israel” accused 12 UNRWA staffers of aiding the Resistance in conducting Operation Al Aqsa Flood without providing any proof, prompting some Western countries to immediately suspend aid allocated to its Gaza branch, amid a worsening crisis and an Israeli-induced famine in Gaza. Countries like…

In the second phase of restrictive measures, Türkiye suspended all export and import operations with Israel due to its “aggression against Palestine in violation of international law and human rights,” the Turkish Trade Ministry announced late Thursday. Previously, Türkiye restricted 54 product categories’ exports to Israel on April 9, the ministry recalled, saying that despite this measure it is observed that the Israeli government continued its aggressive stance and the humanitarian tragedy in Palestine has worsened. Nearly 35,000 Palestinian civilians, including 15,000 children, have lost their lives and approximately 78,000 Palestinian citizens have been injured as a result of Israel’s…

RIYADH: Saudi Arabia is open to providing up to 75 percent of financing for certain industrial projects, a minister has revealed in a bid to incentivize foreign investment and private sector players.

The Palestinian Prisoners’ Affairs Commission and the Palestinian Prisoners Society announced today the deaths of two Palestinian detainees from Gaza in Israeli prisons. One of them was Dr. Adnan Ahmad Al-Bursh, 50 years old surgeon , head of the orthopedic department at the Al-Shifa Medical Complex in Gaza. The other was identified as Ismail Abdul Bari Khader, 33 years old. According to a joint statement by the two organizations, the Israeli army arrested Dr. Al-Bursh last December while he was at Al-Awda Hospital in central Gaza with a group of doctors. Information received by the Palestinian Civil Affairs Authority indicate that…

The Palestinian Embassy in Egypt is seeking temporary residency permits for tens of thousands of people who have arrived from Gaza during the war between Israel and Hamas, which it says would ease conditions for them until the conflict is over.Diab Al-Louh, the Palestinian ambassador in Cairo, said as many as 100,000 Gazans had crossed into Egypt, where they lack the papers to enrol their children in schools, open businesses or bank accounts, travel, or access health insurance — though some have found ways to make a living.Louh stressed that residency permits would only be for legal and humanitarian purposes,…