Author: Steven Sahiounie

Minister of Communications and IT Abdullah Al-Swaha said the event will serve as a bridge to connect the world through science, innovation and culture

Kingdom’s merchandise exports reached a seven-month high in October totaling SR104.31 billion

Adoption of advanced technologies positions Saudi industries as global leaders in manufacturing

Gazprom supplies gas for Europe through Ukraine in the volume of 42.4 mln cubic meters (mcm) per day via the Sudzha gas pumping station in Russia’s Kursk Region, a Gazprom representative told reporters, adding that the request for pumping through Sokhranovka had been rejected by the Ukrainian side.

Experts questioned by TASS forecast the key rate cuts in Russia this year to the level of 9-13% in absence of new shocks.

The structure of Russian crude oil and petroleum products export will stay unchanged in 2024, Vasily Tanurkov from ACRA said

Russian stock indices in the green on Friday
The MOEX Russia Index grew by 0.01% to 3,136.37 points by the close of business on the Moscow Exchange. The RTS index rose 0.48% to 1,087.35 points
MOSCOW, January 5. /TASS/. Russian market indexes ended the trading session on Friday with a moderate upward trend, according to Moscow Exchange data.

The MOEX Russia Index grew by 0.01% to 3,136.37 points by the close of business on the Moscow Exchange. The RTS index rose 0.48% to 1,087.35 points.

The dollar dropped by 0.42% against the ruble to 90.95 rubles. The euro declined by 0.29% to 99.62 rubles. The yuan plunged by 0.21% to 12.65 rubles.

“The Russian stock market ended the week with mixed dynamics of trading against weak activity. The MOEX Russia Index was cruising close to 3,130 points. Oil prices moved in the green zone, while the ruble kept the trend of growing and the dollar tested levels below 91 [rubles]. The negative sentiment prevailed in international markets,” Alexander Bakhtin from BCS Investment World said in a comment.

“The activity and trading turnovers in our market may start growing early next week. No important statistical data are expected on Monday. The issue of redomiciliation from Cyprus to Russia will be discussed on that day at the shareholders meeting of TCS Group. January 8 is the last day for being included to the register of shareholders eligible to receive Tatneft dividends for the third quarter of 2023,” the expert noted.

BCS Investment World forecasts the MOEX Russia Index to be 3,075-3,175 on January 8.

According to the agency, last November Iran and China clinched deals for Brent oil supplies at a discount of $10 per barrel

CEO of the American investment company Navigator Principal Investors Kyle Shostak also believes that in 2024, “activity on the Russian securities market will increase, trading volumes and new issues on the Moscow Exchange will only increase”

Indonesia urged the international community on Saturday to prevent Israeli ministers’ plans for the displacement of Palestinians from Gaza and the building of Israeli settlements in the besieged territory. Israel’s National Security Minister Itamar Ben Gvir and Finance Minister Bezalel Smotrich have repeatedly called for the emigration of 2.3 million Palestinians from Gaza, where three months of Israeli airstrikes and ground attacks have killed at least 22,600 people, wounded nearly 60,000 others, and destroyed most infrastructure. Earlier this week, Ben Gvir told reporters that the war in Gaza presented an “opportunity to concentrate on encouraging the migration of the residents…