Author: Steven Sahiounie

Overall consumption in Middle East during the full year also dropped by 9%

Contracts are related to the next phase in the offshore Al-Shaheen field project to increase production by about 100,000 BPD

S&P thinks the UAE and Saudi banking systems are poised to continue their growth above the rest of the region, and expect credit growth in Oman to remain robust

It is projected that the UAE will see a 95 per cent increase in per capita income over the next decade between 2023 and 2033

The Council discussed several reports and agenda topics, including a comprehensive analysis by the Ministry of Economy and Planning on local and international economic developments

His Highness made these remarks during a session of the ‘Zero Government Bureaucracy’ programme

GCC interest rates will remain high but fall by 1% by year-end

The Palestinian Presidency Thursday expressed its condemnation and denunciation of the decision made by US House of Representatives that called for banning the entry of members of the Palestine Liberation Organization into the United States of America. The presidency said that this decision contradicts the declared decisions of the US administration, and will negatively affect its role and credibility in resolving the Palestinian-Israeli conflict based on the foundations of international legitimacy in accordance with the two-state solution. It added that the decision of the US House of Representatives is dangerous, affects the rights of the Palestinian people, denies the UN resolution…

The decision came down to a single vote in Chicago, cast by Mayor Brandon Johnson, as the council reached an impasse with 23 votes in favor and 23 votes against. A resolution in support of a ceasefire in the Gaza Strip, and calling for the immediate release of all captives, was approved by the Chicago City Council. This decision came on Wednesday, with Chicago Mayor Brandon Johnson breaking a 23-23 tie with his vote. The resolution advocates for a lasting ceasefire in Gaza, the prompt and unconditional release of all captives, and the provision of humanitarian aid to the enclave. Additionally, it…

Hamas is scheduled to be in the Egyptian capital, Cairo, to discuss a new ceasefire proposal. The head of the political bureau of the Palestinian resistance movement Hamas is scheduled to visit Cairo for discussions on a new ceasefire proposal, while the Israeli occupation continues its aggression against the besieged Gaza Strip. Ismail Haniyeh is set to participate in a meeting in Cairo on Thursday to deliberate on a proposed six-week truce plan. The plan was presented by senior Qatari and Egyptian officials during recent meetings in France. According to a Hamas source cited by AFP, the proposed three-stage plan would commence with an initial…