Author: Steven Sahiounie

LONDON/SINGAPORE  – The Japanese yen drifted to its softest level in four weeks against the dollar on Wednesday on the back of rising U.S. yields, as placid markets encouraged investors to resume carry trades, while the euro weakened after German inflation data.

The latest Chief Economists Outlook from the World Economic Forum presents a growing sense of cautious optimism about the global economy in 2024

Those favouring company employment cite the allure of regular income 50%, the opportunity to learn new skills 38%, and employment stability along with benefits

KUWAIT – The volume of non-oil trade exchange between Kuwait and Pakistan reached USD 590 billion in 2023, Undersecretary of Ministry of Commerce and Industry Ziad Al-Najem said Tuesday.

The main commodity groups exported by Egypt to China in 2023 included mineral fuels, oils, and their distillation products worth $414mln

India’s largest private corporation Reliance Industries and the Russian company Rosneft have signed a one-year contract for monthly supplies of up to three million barrels of oil that will be paid for in rubles, Reuters reported on Tuesday, citing sources familiar with the issue.

US National Security Council spokesperson John Kirby relayed to reporters that the US was not turning a “blind eye” to the murder of Palestinian civilians, a mere day after two US officials told Axios that the Biden administration is still assessing whether the blatant murdering of displaced people in makeshift camps is a violation of Biden’s “red line”. Kirby stated, “The Israelis have said this is a tragic mistake,” referring to the Rafah massacre, which killed over 45 people and injured hundreds after “Israel” bombed tents in the area it called “safe”. Vice President Kamala Harris, speaking at a ceremonial event in Washington, called the…

Over a dozen Israeli settlers stormed the Al-Aqsa Mosque compound on Wednesday, sparking renewed tensions at one of Islam’s holiest sites. The Israeli settlers stormed the Al-Aqsa Mosque compound this morning, according to a video published on Telegram by a local media network and verified by Al Jazeera. The footage shows Israeli police officers walking alongside the individuals who entered the compound. Despite the sacred nature of the site, the storming of the compound is a regular occurrence. Jewish law forbids Jews from entering any part of the site. Since October 7, Israeli authorities have repeatedly barred Palestinians from entering…

The Turkish president on Wednesday said no country is safe unless Israel abides by international law, referring to its actions in the Gaza Strip which have continued for more than seven months despite rulings and resolutions against it. “No state is safe unless Israel accepts international law and considers itself to be bound by it,” Recep Tayyip Erdogan said in a speech at the Turkish parliament. “A bare-knuckled Israel is a threat not only to Palestine or Gaza but also to global peace and humanity as a whole,” he said, blasting Israel’s Sunday attack on a refugee camp in Rafah,…

Egypt’s President Abdel Fattah El-Sisi arrived in Beijing on Tuesday on a state visit to China and to attend the China-Arab States Cooperation Forum after an invitation from President Xi Jinping.El-Sisi will hold talks with Xi and senior Chinese officials focusing on ways to forge closer relations and unlock broader prospects for cooperation in several fields.The visit coincides with the 10th anniversary of relations between Egypt and China being raised to the level of a comprehensive strategic partnership.Ahmed Fahmy, spokesman for Egypt’s presidency, said the talks will also focus on regional and international issues of common interest, primarily the war…