Author: Steven Sahiounie

RIYADH: Saudi Arabia experienced an 11 percent increase in non-oil revenues, reaching SR457.73 billion ($122.06 billion) in 2023 compared to 2022, official data showed.  

European Parliament member Biljana Borzan has urged the legislative body to look into the phenomenon of ‘skimpflation’, which she says began with the Ukraine conflict

The coal-to-gas pivot by industrial consumers across Asia is gathering pace, according to the energy giant

The volume of investable assets held by individuals in the group will skyrocket over the next decade, according to Henley & Partners

Danish shipping major AP Moller-Maersk is advising customers to prepare for a prolonged Red Sea crisis that could stretch well into the second half of this year, CNBC reported this week. 

A Syrian delegation, headed by Assistant Minister of Administrative Development, Sanaa Lakhouj, participated in World Government Summit held in United Arab Emirates(UAE) under the slogan “shaping the future of Governments.” The summit was held with the participation of heads of states and governments, and more than 80 international and regional organizations, in addition to 120 government delegations and an elite group of thought leaders and global experts. The Summit ( WGS ) focuses on shaping a better future for humanity and highlights six main themes and 15 global forums exploring major global future trends and transformations through over 110 key…

China’s foreign minister urged his Canadian counterpart to “stop hyping the ‘China threat theory'”, stressing that the two nations are not ‘rivals’. Chinese Foreign Minister Wang Yi on Saturday assured his Canadian counterpart Melanie Joly that their countries were “not rivals, let alone enemies”, as fear of ‘foreign interference’ fears in Ottawa weigh on a tense bilateral relationship. The two met in Germany on the sidelines of the Munich security conference in Germany, where Wang addressed the gathering of 180 leaders and defense chiefs, vowing that China would be a “force for stability” in the world. It is worth mentioning that Beijing and…

Tedros Adhanom Ghebreyesus, the Director-General of the World Health Organization, said today that Nasser Hospital in Khan Yunis, southern Gaza, is not functional anymore after a weeklong Israeli military siege followed by the ongoing raid. “Both yesterday and the day before, the WHO team was not permitted to enter the Nasser Hospital to assess the conditions of the patients and critical medical needs, despite reaching the hospital compound to deliver fuel alongside partners,” Ghebreyesus said in a post on X. He continued, “There are still about 200 patients in the hospital. At least 20 need to be urgently referred to…

Italian Foreign Minister Antonio Tajani says that Ukraine joining NATO is important, but that the bloc must approach the issue with caution rather than act impulsively. Italian Foreign Minister Antonio Tajani has posited, during the Munich Security Conference on Saturday, that granting Ukraine membership into NATO, while engaged in a war with Russia, is “dangerous for everybody,” explaining that “for a full member of NATO this would mean World War III.” However, Tajani asserted that NATO is “working on having Ukraine as a member,” but the bloc needs to exercise caution instead of acting impulsively to “pave the way for achieving these goals.”…

Egypt’s foreign minister said on Saturday that while his country would deal with civilians humanely, the displacement of Palestinians remained unacceptable.“It is not our intention to provide any safe areas or facilities, but necessarily if this was a case we will deal with the humanity that is necessary,” Sameh Shoukry said at the Munich Security Conference.Reuters reported on Friday that Egypt was preparing an area at the Gaza border which could accommodate Palestinians in case an Israeli military offensive into Rafah prompts an exodus across the frontier. Sources described this as a contingency move.Egypt has repeatedly denied making such preparations.“This…