Author: Steven Sahiounie

The retail sector is expected to grow to more $122.6bln by the end of the year 2024

London won ground with Barclays jumping to the top of the risers board after the UK bank revealed plans to slash costs and return £10 billion ($12.6 billion) to shareholders

Saudi Arabia’s benchmark index edged up 0.1%, closing at its highest since August 2022, helped by a 0.8% rise in Al Rajhi Bank

According to data from Euromonitor, the UAE’s food and beverage sector generated $16.4 billion in retail sales

An increase has been recorded in the general index by 2.99%

The UK’s Prince William has said that the “sheer scale of human suffering” had brought home the need for peace in an enclave “where too many have been killed”. In a rare, direct intervention for a member of the royal family, William, the heir to the British throne, said it was critical that aid gets through to those who need it in Gaza. “Sometimes, it is only when faced with the sheer scale of human suffering that the importance of permanent peace is brought home,” he said in a statement. The 41-year-old visited the British Red Cross headquarters in London…

Minister of Foreign Affairs of Sri Lanka Ali Sabry invited Iranian industrial and economic enterprises to undertake projects in his country. In a meeting with his Iranian counterpart in Colombo on Tuesday, Sabry said Sri Lanka and Iran have close relations and share common values. Highlighting Sri Lanka’s movement towards economic prosperity, he said the South Asian country is prepared to let Iranian companies carry out various economic projects considering their industrial and economic capabilities. For his part, Iranian Foreign Minister Hossein Amirabdollahian hailed the constant consultations between the two states over regional and international issues, expressing hope for the…

Russia and the United Arab Emirates will deepen their dialogue and work out any problems that exist in bilateral cooperation, Kremlin Spokesman Dmitry Peskov told TASS. “We have a rather rich dialogue with Abu Dhabi in general and we will develop this dialogue,” Peskov said. “We are developing our relations in all spheres, including trade and economic interaction. All current issues are being discussed within the framework of bilateral cooperation mechanisms that are functioning between our two countries,” Peskov said. Two sources in the UAE banking sphere and a spokesperson from a UAE-based consulting firm who works with the Russian…

1st meeting of Türkiye-Albania High Level Cooperation Council will be held in Ankara under co-chairmanship of Turkish President Erdogan, Albanian Prime Minister Edi Rama Turkish President Recep Tayyip Erdogan on Tuesday welcomed visiting Albanian Prime Minister Edi Rama in the capital Ankara to discuss all aspects of bilateral relations. Erdogan received Rama with an official welcoming ceremony held at the Presidential Complex. On Monday, Türkiye’s Communications Directorate said on X: “As part of the visit, the first meeting of the Türkiye-Albania High Level Cooperation Council will be held in Ankara under the co-chairmanship of President Erdogan and Prime Minister Edi…

Iran has roundly dismissed as “baseless” US allegations that Tehran is transferring weapons and ammunition to Yemen, stressing that Washington is abusing the Security Council podium to pursue its short-sighted political objectives. Iran’s Permanent Ambassador to the United Nations Amir-Saeid Iravani, in a Monday letter addressed to the rotating president of the UN Security Council, Carolyn Rodrigues-Birkett, brushed off the unfounded claims leveled against his country by the Alternate Representative for Special Political Affairs of the United States Mission to the United Nations. During the recent session of the United Nations Security Council on February 14, Robert Wood alleged that Iran is enabling and supporting…