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Author: Steven Sahiounie
SEOUL: South Korea’s S-Oil forecast on Friday that second-quarter refining margins will be steady, supported by regular maintenance in the region, then trend upward in tandem with higher demand as the summer season gets underway, according to Reuters.
LONDON: The Open Forum Riyadh — a series of public sessions taking place in the Saudi capital on Sunday and Monday — will “spotlight global challenges and opportunities,” according to the organizers.
CAIRO: Startups in Egypt have started to gain momentum with several ventures securing funding to boost expansion efforts to the Kingdom.
RIYADH: In Saudi Arabia, a dynamic transformation is unfolding within the entrepreneurial landscape, powered by the robust growth of venture capital, which achieved an impressive 86 percent compound annual growth rate from 2019 to 2023.
RIYADH: Saudi Arabia’s business environment has witnessed a drastic shift in recent years as employers consider artificial intelligence a critical tool for their operations.
The “weaponization” of the US dollar through the seizure of frozen Russian assets could prompt a global shift away from the greenback, Bloomberg reported on Wednesday, citing a former International Monetary Fund (IMF) official.
Slow economic growth will push France out of the list of the world’s ten largest economies within five years, according to an updated global outlook from the International Monetary Fund.
Russia’s financial stability will not be affected if the US seizes its frozen assets, Bank of Russia Governor Elvira Nabiullina told journalists on Friday.
Russia warns the United States and NATO against taking any actions that undermine its security, Russian Foreign Ministry Spokeswoman Maria Zakharova said. “We are sending clear and unequivocal signals to the United States and NATO warning them about potentially catastrophic consequences of their policy toward jeopardizing Russia’s security,” she said. “Regrettably, the level of nuclear risks have risen dramatically as a result of the West’s destructive policy, which is fraught with a direct military confrontation between nuclear powers,” she said, adding that Russia never stops efforts to ensure nuclear deterrence. “Apart from that, Russia regularly reviews its doctrines to assess…
The North Atlantic Alliance bears direct responsibility for the Ukrainian crisis, Chinese Foreign Ministry Spokesman Wang Wenbin told a news briefing. “NATO bears indisputable responsibility for this crisis. The alliance should give thought to its role, stop shifting the blame and effectively take practical action for the political settlement of the crisis,” he said. Wang added that China was not providing weapons to the conflicting parties and strictly controlled dual-use goods, including the export of drones. He said that “more than 60% of the weapons components and dual-use items imported by Russia come from the United States and Western countries.”…
