Author: Steven Sahiounie

RIYADH — The Federation of Saudi Chambers (FSC) announced Saudi Arabia’s accession to the membership of the World ATA Carnet Council (WATAC). As of June, the Kingdom will officially implement the ATA Carnet temporary entry system for goods, making it the 80th country worldwide to apply this international customs system.

The meeting witnessed reviewing topics of common interest, in aim to reinforce the cooperation between the two countries in commerce, investment, and industry sectors

Located on 27,039 square meters, the new factory will have a production capacity of 25,000 tonnes annually, creating 200 jobs

Cairo –  Damietta Alliance Container Terminals, a consortium of Hapag-Lloyd, EUROGATE Group, and Contship Italia, has signed an agreement with Rowad Modern Engineering to execute the superstructure works for Container Terminal Tahya Misr 1 in Damietta Port.

The bond is split into $1.25bln and $750mln tranches due in 10 and 30 years, with interest rates of 6.75% and 7.5% respectively

The company has received expressions of interests from potential buyers, the company’s director said, without elaborating

The meeting discussed means to enhance cooperation between both entities, and the investment climate, and opportunities available in both counties

Banning Russian liquefied natural gas will benefit US producers but hit the bloc’s industrial sector, Dmitry Peskov says

Saudi Deputy Minister of Foreign Affairs Waleed Elkhereiji received Palestinian President Mahmoud Abbas and his accompanying delegation at King Khalid International Airport, Riyadh, on Saturday. Abbas will participate in the special meeting of the World Economic Forum to promote global collaboration, growth, and energy for development, the Saudi Press Agency reported. Nayef bin Bandar Al-Sudairi, the Saudi ambassador to Jordan and non-resident ambassador to Palestine, and Ambassador of Palestine to the Kingdom Bassem Al-Agha were also present. Source: Arab News

President Mahmoud Abbas today appreciated Spain’s principled and consistent positions on the Palestinian Question. In a letter he addressed to Spain’s Prime Minister, Pedro Sánchez, President Abbas expressed his appreciation to Spain for its longstanding and principled positions on the Palestinian Question throughout decades of legitimate struggle. He also appreciated Spain’s support for just peace and stability in the region, particularly given the ongoing Israeli genocidal offensive against the Gaza Strip, as well as its recurrent calls for an immediate ceasefire and contribution to alleviating the catastrophic situation affecting the Palestinian people through providing unlimited relief and humanitarian aid. He…