U.S. Approves Potential Sale Of Rocket Launchers To Bahrain – Pentagon

WASHINGTON – The U.S. State Department has approved the potential sale to Bahrain of M270 Multiple Launch Rocket Systems Upgrade and related equipment for an estimated cost of $176 million, the Pentagon said on Thursday. The principal contractor will be Lockheed Martin Corp, the Pentagon’s Defense Security Cooperation Agency said in a news release.

Invasion Could Worsen Food Crisis In The Middle East And North Africa, Says Human Rights Watch

PARIS, France – – The Russian invasion of Ukraine could worsen the food crisis in the Middle East and North Africa, the U.S. – based Human Rights Watch (HRW) warned in a statement Monday. ‘Both Ukraine and Russia are leading exports of agricultural products to many Middle Eastern and North African countries, and disruptions related … More Invasion Could Worsen Food Crisis In The Middle East And North Africa, Says Human Rights Watch

Twitter’s Restrictions On Russian State Media Have Successfully Limited Reach Of Content

PARIS, France – Twitter said Wednesday that its interventions against Russian state media have successfully limited the reach of that content, reducing it by 30% on the platform. The announcement follows Twitter’s effort late last month to curb users’ sharing of Russian state media content. At the time, Twitter said that users had been sharing … More Twitter’s Restrictions On Russian State Media Have Successfully Limited Reach Of Content

Seven Russian Banks Removed From SWIFT

PARIS, France – Seven Russian banks have been removed from the Society for Worldwide Interbank Financial Telecommunication (SWIFT), a messaging service that connects financial institutions around the world. In a statement Wednesday, SWIFT said ‘Diplomatic decisions taken by the European Union, in consultation with the United Kingdom, Canada and the United States, bring SWIFT into … More Seven Russian Banks Removed From SWIFT

Russian Oligarchs’ Yachts Head For Maldives As Sanctions Levied

PARIS, France – A growing number of superyachts belonging to Russian tycoons have made their way to the Indian Ocean, cruising around the Maldives and Seychelles just as sanctions are imposed on their homeland following Vladimir Putin’s invasion of Ukraine. The four biggest luxury yachts in the Maldives right now are Russian – owned, according … More Russian Oligarchs’ Yachts Head For Maldives As Sanctions Levied

SAUDI PIF Held Nearly $56 Bln Of U.S. – Listed Stocks In December 2021

PARIS, France – Saudi sovereign wealth fund PIF held nearly $56 billion worth of U.S. – listed stocks as of December last year, up from $43 billion at the end of September, boosted by the increased value of electric can maker Lucid, it said in a U.S. regulatory filing. The fund’s Lucid holdings were valued … More SAUDI PIF Held Nearly $56 Bln Of U.S. – Listed Stocks In December 2021

Saudi Arabia’s Jan Inflation Rate Up 1.2% Y/Y – Govt Data

PARIS, France – Saudi Arabia’s consumer price index rose 1.2.% in January from a year earlier, fuelled by higher transport prices, government data showed on Tuesday. Transport prices increased by 4.9%, mainly due to the rise in gasoline prices by 34.5%, the General Authority for Statistics said in a statement. ‘Transport prices were the main … More Saudi Arabia’s Jan Inflation Rate Up 1.2% Y/Y – Govt Data

Saudi GDP Grows By 6.8% In Fourth Quarter – Flash Estimates

RIYADH, Saudi Arabia – Saudi Arabia’s gross domestic product grew by 6.8 % in the fourth quarter, bringing overall growth last year to 3.3%, official flash estimates showed on Thursday. The quarter’s growth was driven by a 10.8% rise in oil activities and a 5% increase in non – oil activities, the General Authority for … More Saudi GDP Grows By 6.8% In Fourth Quarter – Flash Estimates

All In A Day: Zuckerberg Loses $29 Bln, Bezos Set To Pocket $20 Bln

PARIS, France – Mark Zuckerberg lost $29 billion in net worth on Thursday as Meta Platforms Inc’s stock marked a record one – day plunge, while fellow billionaire Jeff Bezos was set to add $20 billion to his personal valuation after Amazon’s blockbuster earnings. Meta’s stock fell 26%, erasing more than $200 billion in the … More All In A Day: Zuckerberg Loses $29 Bln, Bezos Set To Pocket $20 Bln