Author: Steven Sahiounie

The trade gap came in at $69.4 billion, narrowing slightly from February’s $69.5 billion figure — which had been revised larger, said the Commerce Department

The representative of Hyundai Rotem revealed the company’s plans for establishing a new factory for manufacturing Metro cars in the Suez Canal Economic Zone

The MoU also involves the exchange of information between both countries to decide upon the best candidates for the funding

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…