Author: MD Editors

Negotiations over the EU’s 11th package of sanctions on Russia have stalled due to opposition from Athens and Budapest, which want their companies removed from a list of ‘war sponsors’ compiled by Kiev, according to Politico. Two rounds of talks in Brussels this week ended with no deal in sight, the publication reported on Saturday, citing multiple anonymous diplomatic sources. The main roadblock is said to be Kiev’s notorious list of “sanctions-evaders” and “international sponsors of war,” which features many European companies simply because they refused to cut all business ties with Russia. Compiled by the National Agency on Corruption Prevention (NACP), the list includes companies such as German…

Poor families used “extreme” heating methods that compromised their wellbeing and safety, research has found Growing fuel poverty amid surging energy prices forced many households in the UK to resort to energy rationing over the winter, compromising their health and wellbeing, the government-sponsored Committee on Fuel Poverty said in a report published on Thursday. According to the study, many households could not afford to heat their homes sufficiently in winter, which led to massive rationing across the UK. To stay warm and save energy, people used “improvised fuels” such as clothes, books and waste as well as alternative means of light such…

A key adviser to Prime Minister Modi says the assessments are having a direct impact on trade and investment Indian authorities will push back against country rankings compiled by global agencies that are promoting the interests of a tiny group that is driving a real-world agenda, according to a top adviser to Indian Prime Minister Narendra Modi, as quoted by Reuters. The South Asian nation has been placed lower than Afghanistan and Pakistan in the latest World Press Freedom Index. Published every year by Reporters Without Borders, the index analyzes legal and physical threats to journalists to rank the level…

The multinational lender keeps expanding its global reach, aiming to help member states reduce dependence on the US dollar and euro The New Development Bank (NDB) of the BRICS group of major emerging economies is currently in talks with Saudi Arabia on admitting the kingdom as its tenth member, the Financial Times reported on Sunday. The move is expected to cement ties between the Shanghai-based lender, established by BRICS (Brazil, Russia, India, China, and South Africa) back in 2014, with the world’s second biggest producer of oil. “In the Middle East, we attach great importance to the Kingdom of Saudi…

A report by “Masrawy” website said that the Egyptian pound’s depreciation is still obsessed with the exchange rate in Egypt. Several international rating institutions stressed the need for Egypt to take this step to solve its currency saving crisis, but it seems that there are “alternative ways” that the government can take instead of floating. Last December, the International Monetary Fund agreed to cooperate with Egypt in an economic reform program over a period of 46 months, and to provide it with financing worth $ 3 billion in several tranches, which would solve the dilemma. While the fund did not…

Russian President Vladimir Putin stated that the Western companies that left our country did not expect such results here, as the Russian business sector has grown so strongly that the void can be filled with key industries. He said during a meeting with members of the all-Russian public organization “Business Russia” today, Friday: “Our economy, business and companies have become so strong that they can easily fill the void in key industries. Apparently (Western companies) did not expect such results from us. By the way, the situation is The job market is at its best level ever. Russian President Vladimir…

Oil prices rose, in trading today, Friday, slightly, as investors await the meeting of the “OPEC +” group, which is scheduled to be held next week. By 11:01 Moscow time, US West Texas Intermediate crude futures rose 0.35% to $72.08 a barrel. While Brent crude futures rose 0.16% to $76.38 a barrel, according to Bloomberg agency data. Russian Deputy Prime Minister Alexander Novak confirmed that Russia and other countries in the “OPEC +” alliance will choose at the next meeting the best decision for the oil market, without canceling or stopping any of the previous decisions. This article was originally…

After the Iraqi Prime Minister, Muhammad Shia’a Al-Sudani, announced this morning the “Roads of Development” project, RT will inform you of the most important information about the project. It starts from Basra in the far south of Iraq and passes through the nests of Iraqi provinces, all the way to Turkey and from there to Europe. One of its advantages is linking the trade of the East and West of the world, while the annual profits will reach approximately (4) billion dollars, in addition to providing (100) thousand job opportunities. From a specific point in the large port of Faw,…

Today, Saturday, the Iraqi Prime Minister, Muhammad Shia’a al-Sudani, announced the “Development Road” project, which extends from the far south of Iraq to Turkey. Al-Sudani said during his speech at the opening of the “Development Path” conference, “The development path, with its work platforms, added value to national and local outputs, and economic levers, is an ambitious and deliberate plan to change reality towards a solid economic structure.” He added, “This project is a pillar of a sustainable non-oil economy, and a link that serves Iraq’s neighbors and the region.” Al-Sudani pointed out that “the great port of Faw in…

Syrian Deputy Finance Minister Riyad Abdel Raouf stated that Finance Minister Kinan Yaghi will represent his country at the St. Petersburg International Economic Forum next month. This came, according to a statement published by the “Roscongress” Foundation, which is responsible for organizing the event, today, Friday. Abdul Raouf said, “Finance Minister Kinan Yaghi will participate in the Petersburg International Economic Forum as a representative of Syria, at the invitation of Anton Kobyakov, advisor to the Russian president and executive secretary of the organizing committee of the forum.” The Petersburg International Economic Forum will be held this year from 14 to…