News
Saudi Arabia eyes 320,000 new hotel rooms to meet soaring tourism goals
Saudi Arabia is projected to have 320,000 new hotel rooms by 2030 as the Kingdom ramps up efforts to accommodate an annual influx of 150mn tourists, both domestic and international.
Russian oil depo at Yartsevo in the Smolensk region set on fire by Ukrainian drone attack
Ukraine drones hit and set on fire the RosNeft oil depot in the Yartsevo, Smolensk region as the sun began to rise on April 24.
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More than €15bn of Chinese investments underway in Hungary, says foreign minister
Hungary has become the primary European destination of Chinese corporate investments, with a string of investments targeting the battery industry.
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Romanian fuel distribution company JT Grup Oil plans Bucharest IPO
IPO announcement comes after Premier Energy announced a similar step earlier in April.
Hungarian rate-setters slow pace of rate cuts to 50bp at April meeting
The Monetary Council of the National Bank (MNB) reduced the base rate by 50bp to 7.75% in line with projections, slowing down the pace of monetary easing from 75bp in the previous meeting.
Czech prosecutors indict former president's top aide for embezzlement
Vratislav Mynar was at the centre of many of the scandals surrounding Milos Zeman's two terms as president.
President Duda says Poland 'ready' to host nuclear weapons
Government queries president's comments, while Moscow attacks them as "provocative".
Moldova's pro-Russian opposition forms new political bloc at Moscow meeting
Fugitive oligarch Ilan Shor seeks to consolidate pro-Russian opposition ahead of autumn presidential election.
Serbia takes aim at investment grade rating from S&P by end-2024
Earlier this month, S&P upgraded its outlook on Serbia to positive from stable, maintaining the country's 'BB+/B' ratings.
Iran eyes overseas power plant development
Iran plans to expand its power plant development projects overseas, including renewable energy generation.
UK’s Cameron addresses British “lack of seriousness” in Central Asia with five-day tour
Urges region’s five nations to tackle shadow trading equipping Russian war machine. Awkward fact is that much of the trade is made up of redirected deliveries from Britain.
North Macedonia’s presidential election to test commitment to EU accession
Slow accession progress and unhappiness with ruling coalition’s policies may push voters towards opposition VMRO-DPMNE candidate.
Venezuelan navy bolsters arsenal with Iranian-made anti-ship missiles
The Venezuelan Navy has recently augmented its military capabilities with the addition of new CM-90 anti-ship missiles (ASM) manufactured in Iran, according to the country's Ministry of Defence.
Iran’s two major clubs officially sold to banks, petchem companies
Iran's Economy Minister Ehsan Khandouzi has confirmed the transfer of ownership of the country's top two football clubs, Persepolis and Esteghlal to the private sector to continue playing in the Asian football league.
Kazakhstan toughens domestic violence laws
Brutal assault caught on camera prompts changes.
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Armenia and Azerbaijan announce first border delimitation deal since the collapse of the USSR
Pashinyan said that he agreed to unilateral concessions to stop a war in the region.
Russian hypersonic aircraft scientist sentenced to prison for treason
Alexander Kuranov, a top Russian scientist once at the forefront of hypersonic technology development, has been sentenced to a seven-year prison sentence for high treason.
Iran’s supreme leader admits Israeli strike didn't do damage
Leader of Iran Ali Khamenei said on April 21 that the retaliatory strike on Israel demonstrated and proved the “willpower of the Iranian nation and armed forces to the world.”
Mysterious predator dubbed “Goat Sucker” causes panic in Iraq
A mysterious creature resembling a lizard and locally dubbed as "Goat Sucker" has caused a stir in the village of Sarsoola, eastern Dohuk, Iraq, after allegedly preying on 21 sheep.
Serbs boycott referendum on removal of ethnic Albanian mayors in northern Kosovo
The appointment of ethnic Albanian mayors in four majority-Serb municipalities in northern Kosovo sparked protests in 2023.