Author: Steven Sahiounie

A presidential decree has transferred stakes in St. Petersburg’s Pulkovo to a domestic entity President Vladimir Putin signed an order on Thursday transferring all the rights of St. Petersburg’s Pulkovo Airport from foreign shareholders to a new Russian entity. Under the presidential decree, stakes in the Cyprus-registered company that manages the airport in Russia’s second-largest city will be consolidated in a new domestic company. “100% of shares in the authorized capital of the LLC Air Gates of the Northern Capital (AGNC) owned by Thalita Trading Limited are subject to transfer to the ownership of the company AGNC Holding in the…

An arrangement similar to the Reagan-negotiated deal to lift the siege of Beirut is reportedly being discussed The administration of US President Joe Biden is reportedly seeking a resolution of the humanitarian disaster in Gaza similar to that which President Ronald Reagan imposed on Israel during the 1982 siege of Beirut. Reagan at the time pressured then Israeli Prime Minister Menachem Begin into halting the bombardment of the Lebanese capital. The US-mediated truce involved relocating thousands of Palestine Liberation Organization (PLO) fighters to other nations. The Wall Street Journal reported on Wednesday that Washington is discussing a similar arrangement for Gaza…

Islamic Jihad fighters have seized servers containing details of an espionage network, the group’s envoy to Iran has claimed Islamic Jihad militants captured Israeli intelligence servers while participating in the Hamas attack on Israel last month, the group’s representative in Iran claimed on Wednesday. Nasser Abu-Sharif said the servers contained the names of multiple Israeli spies, some of whom were operating in Iran. During the October 7 assault, “the resistance managed to take the Israeli regime’s intelligence servers to Gaza,” Abu-Sharif announced at an event in Tehran, according to Iranian media. “The servers contained the names of many spies, even those who…

The shooting came amid a fragile ceasefire between the militant group and the Israeli military Hamas fighters killed three Israeli civilians and injured others in a point-blank shooting at a crowded bus stop in West Jerusalem on Thursday. The militants were gunned down on the spot by off-duty Israeli soldiers. The attack came hours after the Gaza-based militant group agreed to extend a truce with the Israeli military for a seventh day to allow for the continued exchange of hostages for Palestinian prisoners held in Israeli jails. Video footage of the attack showed two gunmen pulling up at the bus…

The development comes after a ceasefire allowed the release of dozens of prisoners on both sides Israel has resumed its attacks on Hamas after a lull lasting several days, accusing the Palestinian armed group of violating the ceasefire. West Jerusalem has repeatedly said that it would resume the hostilities after the truce is over. In a statement in the early hours of Friday, the Israel Occupation Forces (IOF) claimed that “Hamas violated the operational pause, and in addition, fired toward Israeli territory.”  “The IOF has resumed combat against the Hamas organization in the Gaza Strip,” it added. The military also announced that…

Israel’s offensive against Hamas has also been deadlier than years of US assaults on Afghanistan and Iraq, according to a UN report RT’s Steve Sweeney takes a look at the overall statistics from Israel’s relentless assault on Gaza as it seeks to eliminate the militant group Hamas. The damage sustained by the Palestinian enclave has already been described by the UN as “the darkest chapter in Palestinian history.” According to a new UN report, the combined explosive power unleashed by the IOF in Gaza since October 7 already exceeds that of the atomic bomb dropped on Hiroshima by the US at…

The size of additional cuts have not been decided yet Ministers from the OPEC+ alliance were set to hold meetings on Thursday to discuss additional oil production cuts for next year to support the market, three delegates told Reuters. The size of additional cuts have not been decided yet, but two delegates said they ranged from 1 million to 2 million barrels per day (bpd). (Reporting by OPEC Team Editing by David Goodman ) Source: Zawya

Bullion is up 2.8% so far this month after rising 7.3% in October By Anjana Anil – Gold prices eased on Thursday as the dollar staged a rebound ahead of U.S. inflation data, although bullion was heading for its second monthly rise boosted by hopes that the Federal Reserve would cut interest rates soon. Spot gold eased 0.3% to $2,038.59 per ounce by 1207 GMT. Bullion is up 2.8% so far this month after rising 7.3% in October. U.S. gold futures for December delivery fell 0.4% to $2,039.40. The dollar index extended gains against its rivals, making gold more expensive…

It is worth noting that, the Suez Canal recorded the highest annual revenues in its history in fiscal year (FY) 2022/2023, amounting to $9.4 billion The Suez Canal has generated the highest monthly revenue in its history, amounting to $854.7 million, in November, with an annual growth rate of 20.3%, Asharq Business reported on November 30th, citing a statement from the Suez Canal Authority (SCA). Additionally, the number of vessels that crossed the canal in November increased by about 4.3% to 2,264, with a monthly record high of net tonnage at 135.5 million tons, marking an 8.2% year-on-year (YoY) increase.…

CI Capital Holding is one of Egypt’s leading non-bank financial services providers CI Capital Holding for Financial Investments (CICH) posted a 53.7% year-on-year (YoY) surge in consolidated net profits attributable to the parent company during the first nine months of 2023, according to a filing on November 30th. The company’s consolidated profits after tax and minority interest stood at EGP 746.475 million in the nine-month period, compared to EGP 485.695 in the first nine months of 2022. Revenues rose to EGP 4.71 billion from EGP 2.437 billion in the nine months ended September 30th last year. Meanwhile, standalone net profits…