Business

08 May 2021; MEMO: Egypt's Ambassador to Russia Ihab Nasr confirmed that 50 Russian companies have signed contracts to invest in the economic zone in eastern Egypt.

These investments are mainly based in Port Said and Ain Sokhna, near the Red Sea, and will provide a variety of Russian products.

Nasr did not state the value of the contracts nor the most prominent Russian company that signed the new investment contracts.

08 May 2021; MEMO: A Saudi official from the Saudi Foreign Ministry has revealed that the kingdom is talking with Iran to "deescalate tension" in the region, Arabic news sources reported Reuters stating on Friday.

According to the Arabic news sources, Reuters reported Ambassador Raed Karimli, head of Policy Planning at the Saudi Ministry of Foreign Affairs, affirming: "It is early to say that we reached any specific outcomes," hoping success for these talks.

WASHINGTON, May 8 (Xinhua) -- U.S. Secretary of State Antony Blinken said on Friday that some U.S. actions in recent years have undermined the rules-based world order.

"I know that some of our actions in recent years have undermined the rules-based order and led others to question whether we are still committed to it," Blinken made the remarks at the United Nations Security Council Open Debate on Multilateralism.

LONDON (AP) — The Scottish National Party won its fourth straight parliamentary election on Saturday and insisted it will push on with another referendum on Scotland’s independence from the U.K. even though it failed by one seat to secure a majority.

Final results of Thursday’s election showed the SNP winning 64 of the 129 seats in the Edinburgh-based Scottish Parliament. The result extends the party’s dominance of Scottish politics since it first won power in 2007.

Vienna, May 7 (AP) World powers began a fourth round of high-level talks in Austria aimed at bringing the United States back into the nuclear deal with Iran, with major stumbling blocks remaining Friday but both sides suggesting a resolution was possible.

07 May 2021; MEMO: An Israeli research centre has addressed the rapprochement between Saudi Arabia and Iran, stressing that this step constitutes a significant breach in the anti-Iran front that Israel seeks to form.

07 May 2021; MEMO: Lebanese President Michel Aoun has asked French Foreign Minister, Jean-Yves Le Drian, for help to recover funds which have been smuggled out of the country, in an effort to begin reforms and prosecute those who have misused public resources.

07 May 2021; MEMO: Turkey's Foreign Minister Mevlut Cavusoglu is expected to visit Saudi Arabia for talks next week, as the two regional powers ramp up efforts to mend ties that have become strained, not least due to the 2018 killing of journalist Jamal Khashoggi in the Saudi Consulate in Istanbul, Reuters has reported. It will be the first such visit since 2017.

New Delhi, May 7 (PTI) Petrol price on Friday scaled to Rs 102 per litre in some parts of Rajasthan and Madhya Pradesh after rates were raised for the fourth straight day after ending of more than two-week-long hiatus during assembly elections in states like West Bengal.

On Friday, petrol price was hiked by a steep 29 paise per litre and diesel by 31 paise a litre, according to a price notification by state-owned fuel retailers.

This took the price of petrol in Delhi to Rs 91.27 per litre and that of diesel to Rs 81.73.

New Delhi, May 6 (PTI) In one of the steepest increase since daily price revision was started, petrol price on Thursday was hiked by 25 paise per litre and diesel by 30 paise as oil companies raised rates for the third straight day to pass on to consumers the increase in international oil prices.

Petrol price in Delhi was increased to Rs 90.99 per litre from Rs 90.74 while diesel rates went up to Rs 81.42 a litre from Rs 81.12, according to a price notification by state-owned fuel retailers.