Author: Steven Sahiounie

The German government will revise down its forecast for economic growth in 2024 to 0.2% from an earlier projection of 1.3%, Economy Minister Robert Habeck has warned, according to Bloomberg.

The West’s colonial policy was supposed to remain just a page in its disgraceful history, but continues to resort to similar practices even today, Russian President Vladimir Putin said. “Neo-colonialism is a disgraceful heritage of the centuries-long age of plunder and exploitation of the people of Africa, Asia and Latin America, as well as other regions of the planet. We see its aggressive manifestations in the collective West’s attempts to retain its dominance at any cost, to economically subjugate other countries, to strip them of sovereignty, to impose alien values and cultural traditions,” he said in his welcoming speech to…

During a meeting between Algeria Foreign Minister Ahmed Attaf and his South African counterpart, Naledi Pandor, in Addis Ababa on Friday, both nations affirmed their pledge to increase pressure to enforce the measures set by the International Court of Justice aimed at “Israel” and its genocide campaign in Gaza. On the sidelines of the 44th regular session of the African Union’s Executive Council, the African nations focused on the war and genocide in Gaza during their discussions, in addition to the need for ending the aggression, protecting civilians, and ensuring the flow of humanitarian aid. The foreign ministers also reiterated the…

The foreign ministers of Iran and Saudi Arabia weighed plans for an emergency meeting of the Organization of Islamic Cooperation to address the heinous crimes the Zionist regime is committing against Palestinians in the Gaza Strip. In a telephone conversation on Friday, Iranian Foreign Minister Hossein Amirabdollahian and his Saudi counterpart Faisal bin Farhan Al Saud called for concerted efforts to end the Israeli atrocities against Palestinians. Pointing to his diplomatic efforts, including his recent negotiations with the secretary general of the OIC, Amirabdollahian said he has proposed the idea of holding an emergency meeting of the OIC foreign ministers…

Joblessness accelerated in January, jumping above 4%, official statistics show Australia’s unemployment rate has risen to its highest level since early 2022, hitting 4.1% in January, the Australian Bureau of Statistics (ABS) reported on Thursday. The figure is slightly above the consensus expectation of 4%, an uptick from December’s reported 3.9%. The economy added 11,100 full-time jobs and shed 10,600 part-time jobs last month, according to the data. The report added to concerns of slack in the country’s labor market in the face of a slowing economy and subdued consumer demand. Economists warn that unemployment could further deteriorate later in…

The move could undermine the European financial system, chief executive Lieve Mostrey has claimed

Russia’s central bank left its key interest rate unaltered at 16% at its scheduled meeting on Friday, saying that tight monetary policy will be necessary to return stubborn inflation back to target levels.

RIYADH: Abu Dhabi National Oil Co. and British energy company BP on Wednesday signed an agreement to form a new joint venture in Egypt with a focus on natural gas.

RIYADH: Chinese e-commerce giant Alibaba Group Holding plans to strengthen ties with the Gulf region by partnering with local firms in Saudi Arabia and the UAE.

RIYADH: Egypt plans to build an electric and diesel car manufacturing factory with a production capacity of up to 6,000 vehicles in collaboration with Hinduja Group, one of India’s largest companies.