Author: Steven Sahiounie

The sum should compensate damage sustained by the country, the Ukrainian president’s top economic adviser has said

Hundreds of European and American officials have signed a letter to their governments denouncing Israel’s war on Gaza as “one of the worst human catastrophes of this century”. The statement – titled It Is Our Duty To Speak Out When Our Governments’ Policies Are Wrong – denounced policies that “weaken” their nations’ “moral standing” in the world. “Israel has shown no boundaries in its military operations in Gaza, which has resulted in tens of thousands of preventable civilian deaths, and the deliberate blocking of aid by Israel has led to a humanitarian catastrophe, putting thousands of civilians at risk of…

LONDON: Oil prices rose slightly on Friday after the decision by the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, to keep its production policy unchanged, but benchmarks remained on track for weekly losses on China demand growth fears, according to Reuters.

Last week, Josep Borrell announced that EU foreign ministers had agreed to set up its own mission in the Red Sea. EU foreign policy head Josep Borrell voiced confidence on Friday that the bloc’s operation in the Red Sea to deter attacks from the Yemeni Armed Forces will gain final approval from the EU Foreign Affairs Council on February 19. In his opening speech at the 3rd EU Indo-Pacific Ministerial Forum in Brussels, he expressed that “Aspides [the EU mission in the Red Sea] will not conduct any operation on land, only to protect navigation at sea.” In mid-January, Borrell…

LONDON: Gold prices were poised for their biggest weekly gain in nine weeks on Friday as the dollar and Treasury yields retreated, while traders awaited key US jobs data due later in the day for clues on when the Federal Reserve could start rate cuts, according to Reuters.

RIYADH: Saudi Arabia’s financial sector’s training market is set to hit SR1 billion ($266.6 million) by the year 2026, according to the Financial Academy.

Term deposits drive 8% growth in money supply 

The VDMA association said on Friday

The EU adopted a 12th package of sanctions against Russia in December, introducing a new LPG import ban, to top up wide-ranging trading restrictions

FINMA has come under fire for not taking enough action to prevent the crash of Credit Suisse last year, a situation which led to the UBS takeover