Month: March 2022

BREAKING NEWS - Putin's hardline on gas to force EU to use rouble

Russian President Vladimir Putin is demanding foreign buyers pay for Russian gas in roubles from Friday or else have their supplies cut, a move European capitals rejected and which Berlin said amounted to "blackmail". Putin's move, via a decree signed on Thursday, leaves Europe facing the prospect of losing more than a third of its […]

Uzbekistan, Turkey level up ties to comprehensive strategic partnership

By Sher Karimov Turkey and Uzbekistan have leveled up bilateral ties to a comprehensive strategic partnership, Recep Tayyip Erdoğan said, expressing the countries’ target to increase the current $3.6 billion bilateral trade volume to $10 billion. “As a result of our meetings, we raised the relations between our countries to the level of comprehensive strategic […]

King Abdullah tells Israel Palestinians must gain their rights for peace to reign

Jordan’s King Abdullah has stressed the need for Palestinian inclusion for regional peace and prosperity during talks with Israeli President Isaac Herzog. During talks with the visiting Israeli leader at Al-Husseiniya Palace, King Abdullah said the region stood to gain from cooperation and economic integration, but for the process it “should and must include the […]

Amal, Hezbollah object to capital controls, amendments passed

Cabinet on Wednesday approved the capital control draft law after introducing amendments to it based on the observations of some ministers. The ministers of Hizbullah and Amal meanwhile objected to the final format of the draft law in terms of the powers of the committee that will look into withdrawal requests, NBN television said. Below […]

IMF in 2-week crisis meeting with Lebanon

An International Monetary Fund (IMF) delegation kicked off talks in Beirut Wednesday as part of a two-week mission aimed at securing progress towards funding for crisis-hit Lebanon. The government is hoping to secure a rescue package to exit a deep financial crisis that started in 2019 and has seen most of the country's population fall […]

Leading Lebanese Fransabank in the eye of the storm: another example of failed Lebanese Justice

The Central Bank of Lebanon, the competent authority in this matter, is required to intervene immediately to protect the banks to enable them to continue to serve the local economy. By Mohammad Ibrahim FheiliTwo weeks ago (March 15) Lebanese Judge Mariana Anani issued a court decision to enforce the executive seizure of all shares, real […]

Saudi transfers $5 billion to Egypt

Saudi Arabia has deposited $5 billion in Egypt's central bank, the Saudi state news agency reported on Wednesday, as the Egyptian economy faces new economic pressures as a result of the war in Ukraine.On March 21 Egypt devalued its currency by around 14% after investors had pulled billions of dollars out of Egyptian treasury markets. […]

World Bank insists Gulf state must play role in keeping oil princes calm

The World Bank president said on Wednesday Gulf oil producers could play a key role in dampening oil and gas price volatility in coming months. Several consuming nations have urged OPEC+ to increase output at a faster rate, as crude prices have surged, hitting their highest since 2008 this month at over $139 a barrel. […]

New constitutional crisis in Tunisia as parliament hold session in defiance of president

President Kais Saied has condemned “illegal” meetings of Tunisia’s parliament which he suspended last July, saying those responsible for the planned virtual sessions were trying to sow chaos. The North African country is in the throes of a deep political and economic crisis which took a dramatic turn last July 25 when Saied sacked the […]

Mikati says resignation before elections out of question

Prime Minister Najib Miqati stressed Tuesday that the government will not resign before the parliamentary elections. "One of the government's tasks today is to hold parliamentary elections, and my resignation might be a reason for disrupting the polls," Miqati said. "For this reason I will not resign," he added. Miqati had asked Parliament Speaker Nabih […]

New attacks inside Israeli, ISIS suspected

Israeli paramedics said Tuesday that at least five people were killed in a shooting in the central city of Bnei Brak, east of Tel Aviv. The shooting took place two days after a shooting in the city of Hadera that left two Israeli police officers dead, and a week after a stabbing in the southern […]

France praises Kuwait for mediating Lebanon, Gulf dispute

French Foreign Minister Jean-Yves Le Drian announced Tuesday that Paris “lauds the Kuwaiti mediation for allowing Lebanon to overcome its crisis.” “We stressed that we will continue to closely work for the sake of peace and security in the region,” La Drian added in Kuwait, following talks with his Kuwaiti counterpart Sheikh Ahmed al-Nasser Al-Sabah. […]

Russia claims it will curtail assault on Ukraine capital

Russia's military said Tuesday it would "fundamentally" cut back operations near Ukraine's capital and a northern city, potentially a significant concession by Moscow since it invaded its neighbor more than a month ago. Deputy Defense Minister Alexander Fomin said the move was meant "to increase trust" in talks aimed at ending fighting, as negotiators met […]

Erdogan proclaims Russia winding down war in Ukraine

Russia promised on Tuesday to scale down military operations around Kyiv and northern Ukraine as a confidence-building step, in the most tangible sign yet of progress toward negotiating an end to the war. During talks at a palace in Istanbul, Ukraine for its part proposed adopting neutral status in the most detailed formula yet for […]

Will Smith uses street justice to defend wife's honor at Oscars (with video)

Almost four decades ago it was "one little fight" that landed the Fresh Prince in trouble and saw the fictional Will moving to live with his auntie and uncle in Bel Air. That scripted altercation on a basketball court launched the teenager's career as a comedian and actor - but now it's a real-life bust-up […]

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BREAKING NEWS - Ex-President Medvedev threatens nuclear war in face of ICC

Citigroup warns of imminent collapse of oil prices

Russia charges Ukraine with torturing POWs

US officials admit Israeli guilt but can't identify Israeli gun that killed Abu Akleh

Lapid threatens to 'rein in' Hezbollah if Lebanon doesn't