The Egyptian pound has lost half its value against the dollar since early last year, shooting prices upward and adding to the burden of families struggling to make ends meet in the import-dependent country. The latest figures, a rise of almost 37 percent from June last year, also showed a...

"The return of Azov commanders from Turkey to Ukraine is nothing but a direct violation of the terms of existing agreements," Kremlin spokesman Dmitry Peskov was quoted as saying by Russian news agencies. Peskov said the return was linked to the "failure of the counter-offensive" launched by Ukraine, and Ankara's...

Ankara, Turkiye - Ukrainian President Volodymyr Zelenskiy is set to visit Turkiye on Friday to discuss the Black Sea grain deal and the ongoing conflict in Ukraine with President Tayyip Erdogan, according to Turkiye's state-run Anadolu Agency. The grain deal, brokered by Turkiye and the United Nations last year, enables the...

Oil producers are grappling with falling prices and high market volatility amid fears of global economic slowdown and the Russian invasion of Ukraine, which has upended economies worldwide.

LONDON, UK - Novak Djokovic warned on Saturday that the "integrity and tradition" of tennis must be preserved should the sport strike a tournament deal with Saudi Arabia.Both the ATP and WTA, which run the money-spinning men's and women's tours, have had discussions with Saudi Arabia.The country has been signing up...

Spanish Prime Minister Pedro Sanchez said that his visit to Kyiv on the first day of Spain's EU presidency showed the bloc's "unequivocal" commitment to Ukraine's bid to join the 27-nation bloc. "My being here on the first day of the six-month presidency... demonstrates a clear and unequivocal political commitment......

On Wednesday, Iran took Canada to the Hague-based International Court of Justice, the UN's top tribunal, accusing Ottawa of allowing victims of alleged terror attacks to claim damages from Tehran. Tehran's case claims that Ottawa, which listed the Islamic Republic as a sponsor of terrorism in 2012, had violated Iran's...

On Sunday, the Ukrainian embassy charged that "the current Israeli government" had "opted for a path of close cooperation with the Russian Federation". It noted a "near absence of Israeli humanitarian assistance to Ukraine" and a recent statement by Prime Minister Benjamin Netanyahu that Israel needed to cooperate with Russia...

Abu Dhabi, UAE - UAE President Sheikh Mohamed bin Zayed Al Nahyan discussed strategic relations in a phone conversation with Russian President Vladimir Putin on Monday.Sheikh Mohamed underscored the importance of maintaining stability in Russia and ensuring the safety and security of its people. President Putin expressed his satisfaction with...

EU foreign ministers were scrambling to digest the fall-out from the uprising at their regular meeting in Luxembourg. Sweden's Foreign Minister Tobias Billstrom said the unrest was an "internal affair" for Russia. He insisted that the "most important thing" was supporting Ukraine so it can win back its territory.

MOSCOW, RUSSIA - Russia's foreign ministry said on Sunday that Beijing had backed Moscow's efforts to counter a short-lived armed uprising led by the head of the Wagner mercenary group Yevgeny Prigozhin."The Chinese side expressed support for the efforts of the leadership of the Russian Federation to stabilize the situation in...

Rebel mercenaries have seized a crucial military base and are making their way north towards Moscow, presenting a serious security crisis and a significant challenge to Russian President Vladimir Putin's leadership. Regular forces have initiated a counter-terrorist operation to halt their advance, while infighting and divisions among key military and...

Tehran, Iran--Iran’s permanent mission to the United Nations has rejected the claim by the United States and its allies about Russia’s use of Iranian drones in the Ukraine war.The mission in a statement on Friday said the "anti-Iran claims" are aimed to influence the six-month periodic report of UN Secretary-General...

The agreement, to supply four million tons annually to the China National Petroleum Corporation (CNPC), matches the terms of a November deal with China's Sinopec as the longest ever seen in the industry.

Saudi Arabia has maintained a cautious stance throughout the invasion of Ukraine by Russia, stopping short of condemning the assault while emphasizing the importance of Ukraine's territorial integrity. MBS hosted President Volodymyr Zelensky last month in Jeddah during an Arab League summit, the Ukrainian leader's first visit to the Middle...

Putin thanked Al-Nahyan for the role the UAE has played in prisoner exchanges between Russia and Ukraine and Russia and the United States. Al-Nahyan said he was in favor of "de-escalation" and a "political solution" to the Ukraine conflict during the talks, in which the pair discussed their countries' "strategic...

Stora Enso plans to permanently close four units in Europe.

"The shift to a clean energy economy is picking up pace, with a peak in global oil demand in sight before the end of this decade as electric vehicles, energy efficiency and other technologies advance," IEA Executive Director Fatih Birol said in a statement. "Oil producers need to pay careful...

That crucial accord granting safe passage for Ukrainian grain to be exported via Black Sea ports despite Moscow's invasion was signed in July 2022 by Russia, Ukraine, Turkey and the United Nations. It was renewed again in May but for only two months, until July 17. But the Kremlin on...

Russia is receiving materials from Iran to build a drone factory that "could be fully operational early next year," White House national security spokesman John Kirby warned. The White House released a satellite image of the location of the prospective plant in Alabuga special economic zone, some 900 kilometers east...

The UK government said it would scrap a windfall tax on the energy sector should oil and gas prices drop to historically-normal levels for a sustained period. The Energy Profits Levy, introduced after Russia's invasion of Ukraine sent oil and gas prices surging, increased tax on profits from North Sea...

The strategic partnerships between the two sides seek to focus on peace, security, stability, integration, and economic prosperity in the Middle East.

Opening his two-day trip, the prime minister announced that Britain would hold the world's first summit on artificial intelligence in the second half of the year. "AI has an incredible potential to transform our lives for the better. But we need to make sure it is developed and used in...

The firm attributed the figures to strong sales which reached $8.15bn.

"Transportation disruptions, market devastation and the absence of financing... will have catastrophic impacts on the food security of the people of Sudan and the surrounding region," said the head of the Khartoum-based Arab Organisation for Agriculture Development, Ibrahim al-Dakhiri. Although some farmers have sown crops like maize, millet or oilseeds...

The UAE energy minister Suhail Mohamed Al Mazrouei said he expected the outcome of meeting to "balance the market and ensure we are ready for any challenges in the future". Analysts expected OPEC+ producers to maintain their current policy, but signs emerged that staying the course might fall short of...

Following the shipment suspension and "as a result of the economic outlook, Nintendo of Europe has decided to wind down operations of its Russian subsidiary", the company said. Nintendo's eShop was already "under maintenance" in Russia because its payment provider had stopped ruble transactions.

Russia has for years been issuing passports to people living in the eastern Donbas areas held by pro-Moscow separatists since 2014 as well as in annexed Crimea.

As drones struck in and around Moscow, Russian drones targeted Kyiv for a third straight day while Ukraine gears up for a major offensive against Russian forces. Officials said no one was seriously injured in Moscow, but some ordinary people said they never thought the Russian capital could be hit...

In a world where Turkey and Russia are both sceptical of Western military, political and economic dominance, Putin and Erdogan see each other as reliable partners. "Russia must have breathed a sigh of relief," said a Western diplomat, referring to the outcome of the first round on May 14.

Doha, Qatar - Qatar's energy minister warned on Tuesday the "worst is yet to come" for Europe's oil and gas shortages, saying a warm winter had prevented greater difficulties in recent months."The only thing that saved humanity and Europe this year was a warm winter, and the slowdown in the economy,"...

Paris, France – Sovereign borrowing needs are expected to increase in 2023 against the backdrop of the financial and economic spillovers of the crisis in Ukraine, as many countries forming a part of the Organization for Economic Cooperation and Development (OECD) seek to cushion households and businesses from rising prices,...

Bakhmut, which once had a population of 70,000 people, has been the scene of the bloodiest battle in Moscow's more than year-long Ukraine offensive. The fall of Bakhmut, where both Moscow and Kyiv are believed to have suffered huge losses, would allow Moscow to bring home a key victory after...

President Joe Biden may be on the other side of the world but his political fight back home over the debt ceiling has followed him. Bruce Reed is the White House deputy chief of staff and he has trailed president, "updating POTUS on the status of the talks", as a...

Japanese PM Fumio Kishida is hosting leaders from six other wealthy democracies in his hometown -- a city synonymous with nuclear destruction and now peppered with peace monuments. Leaders including US President Joe Biden will try over three days to forge a united front on Russia and China, where the...

Erdogan made the announcement one day before it had been due to expire, scoring a diplomatic coup ahead of a May 28 runoff election in which he will try to extend his two-decade rule until 2028. He thanked "my precious friend", Russian President Vladimir Putin, Ukrainian counterpart Volodymyr Zelensky and...

PARIS, FRANCE -  Russia's oil exports rose in April to the highest level since its invasion of Ukraine, boosting revenues by US$1.7 billion despite Western sanctions, the International Energy Agency said on Tuesday.The Paris-based organization said Russian exports increased by 50,000 barrels per day to 8.3 million bpd last month, estimating that...

In a visit to various European capitals to hold consultations with his allies, Zelensky dined with French President Emmanuel Macron at the Elysee Palace on Sunday night and held discussions that included building up Ukraine's arsenal. The leaders reviewed the military situation and the need for an ad hoc tribunal...

Muscat, Oman--Qatar Chamber (QC) Chairman Sheikh Khalifa bin Jassim Al-Thani has called for a unified policy for purchase of food and medicine at a meeting in Muscat.This came during his participation in the consultative meeting between GCC ministers of commerce and heads of unions and chambers of commerce and industry...

Riyadh,  Saudi Arabia - Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah discussed in a phone call on Friday, with his Russian counterpart Sergey Lavrov, bilateral relations and the ongoing war in Ukraine.During the call, the two ministers also exchanged views on a number of regional and...

CUACOS, SPAIN -  UN Secretary-General Antonio Guterres said peace negotiations to end the conflict in Ukraine were "not possible at this moment," in an interview published by Spanish daily El Pais on Tuesday.His statement came as the leaders of Russia and Ukraine called for victory during events commemorating the end of...

Russian troops have battled since last summer to capture Bakhmut, the political importance of which has come to surpass any strategic value. As the counteroffensive looms, Moscow has ordered families with children and elderly members to temporarily evacuate a slew of Russian-held areas in southern Ukraine.

The 69-year-old has become one of Turkey's most important and divisive leaders since his Islamic-rooted party ended half a century of secular rule and launched an era of social transformation. Turkey became a strategic player with a vibrant economy and a modern army of drones that shifted battlefields in wars...

Vlad Marinescu, the IJF director general said that the IJF executive committee voted unanimously to reinstate Russians and Belarusians. The decision to end the ban followed a recommendation of the International Olympic Committee.

Terming it as a "planned terrorist act and an attempt on the life of the President of the Russian Federation," Moscow said that two unmanned vehicles were aimed at the Kremlin and the devices were "put out of action." The statement said that Russia reserves the right to take retaliatory...

Consumer prices edged up from 6.9 percent in March, which could further encourage the European Central Bank (ECB) to raise interest rates on Thursday. Analysts for FactSet and Bloomberg had predicted the rate would remain stable. The ECB has hiked rates repeatedly since July last year to rein in inflation.

National Security Council spokesman John Kirby said he was not giving estimates of Ukrainian casualties because "they are the victims here. Russia is the aggressor." The White House will not put "information in the public domain that makes it any harder" for the close Western ally, whose army is being...

Tunis, Tunisia -- President Kais Saied has called for the revival of Tunisia's phosphate industry, suggesting he will seek alternative sources of revenue that would allow the country to do without a foreign bailout."Our gold is underground while the country is facing a difficult financial situation," Saied told a meeting Wednesday...

The firm had sold its oil sands activities in Canada to SunCor Energy.

The veteran Democrat would be 86 by the end of a second term. Even if a medical exam in February found him "fit" to execute the duties of the presidency, many including in his own voter base believe he is too old. An NBC News poll released over the weekend...