Author: Steven Sahiounie

Egyptians anticipate a significant influx of foreign currency in the coming days after Egypt signed its largest-ever direct foreign investment deal with the UAE’s ADQ company.

RIYADH: UAE’s energy retailer, Abu Dhabi National Oil Co. Distribution, is set to host an Investor Day to inform the market about its recent strategic growth plans.

King Abdullah II on Sunday received Bulgarian Deputy Prime Minister and Foreign Minister Mariya Gabriel at Al Husseiniya Palace, as part of ongoing efforts to reach an immediate and lasting ceasefire in Gaza, according to the Jordan News Agency (Petra). According to a royal court statement, the meeting tackled the dangerous developments in Gaza, and the tragic humanitarian conditions, which require urgent efforts by the international community to prevent their deterioration. King Abdullah reiterated the need to stop the war on Gaza, protect civilians, and ensure the adequate and sustainable delivery of humanitarian aid to the Strip. The King also warned…

Denmark has dropped its investigation into the explosions on the Nord Stream and Nord Stream 2 gas pipelines due to lack of grounds to continue it, Reuters reported. According to the Danish police, “there is not sufficient grounds to pursue a criminal case in Denmark therefore the Copenhagen Police has decided to conclude the criminal investigation of the explosions,” the agency said. The representatives of the Danish police noted that based on the investigation, it can be concluded that deliberate sabotage took place’ in the situation around the pipelines. On February 7, the Swedish prosecutor’s office announced the termination of the investigation…

RIYADH: Business entities in the Asia Pacific region are poised to benefit from a $1 billion partnership between Emirati firm Mubadala Investment Co. and Goldman Sachs.   

Saudi Foreign Minister Prince Faisal bin Farhan on Monday warned against the “catastrophic consequences” of any Israeli attack on Rafah, south of Gaza, during his speech at the 55th session of the UN Human Rights Council. “In this light, we warn against the disastrous repercussions of an attack on Rafah, as the last refuge for civilians, who are there due to the displacement by the Israeli army.” Prince Faisal denounced the double standards adopted by some countries toward the crisis in the war-ravaged Gaza Strip. He also reiterated calls for an immediate ceasefire. “We call on the international community to bear its responsibility to put…

The Minister of Foreign Affairs and Expatriates, Riyad Al-Maliki today said that “Israel has crushed international law” after nearly 143 days of its brutal aggression against Palestinian people in the Gaza Strip. He said in a statement regarding the ongoing Israeli bloodbath in Gaza, which claimed so for the lives of nearly 30,000 persons, this aggression deprived the Palestinians` right to self-determination and the establishment of the Palestinian state. “Its genocidal war, and its crimes against the inalienable rights of the Palestinian people, most importantly the right to self-determination, independence and return. Al-Maliki added during his speech at the 55th regular session of the United…

A floating hospital provided by the UAE, anchored in Egypt’s Port city of Al-Arish, commenced operations on Sunday to provide treatment for injured Palestinians. The initiative is a part of the UAE’s “Gallant Knight 3” humanitarian operation. The 100-bed hospital has operating rooms, an intensive care unit, radiology section, laboratory and pharmacy, state news agency WAM reported. A 20-year-old Palestinian man was the first to undergo surgery at the hospital. He was treated for a gunshot wound to the shoulder and injuries caused by shrapnel. Doctors repositioned his shoulder, and he will require a follow-up operation to repair nerve damage.…

Iranian Foreign Minister Hossein Amirabdollahian has traveled to Geneva to take part in an annual session of the United Nations Human Rights Council. (UNHCR) Heading a diplomatic delegation, Amirabdollahian is going to deliver speeches to the 55th session of the United Nations Human Rights Council (UNHCR) as well as the High Level Segment of the 2024 Conference on Disarmament, a multilateral disarmament forum established by the international community to negotiate arms control and disarmament agreements. The foreign minister is scheduled to express Iran’s views about the agenda of those UN meetings. Amirabdollahian will also attend a side event of the…

The president of the International Committee of the Red Cross (ICRC) praised Iran for its political efforts to address the crisis in Gaza and relieve the pains of Palestinians. Iranian Foreign Minister Hossein Amirabdollahian and ICRC President Mirjana Spoljaric Egger held a meeting on the sidelines of the 55th session of the United Nations Human Rights Council in Geneva on Monday. Lauding Iran’s diplomatic efforts to help end the war on Gaza, Spoljaric Egger expressed deep concern about the dire humanitarian situation in the Palestinian enclave. Highlighting the ICRC’s attempts to mobilize humanitarian supports for Gaza, she said the international…