ANKARA (AA) – Turkiye and the United Arab Emirates (UAE) have entered a new era in bilateral ties, the Turkish foreign minister said on Friday. Speaking at a joint news conference with Emirati Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan in Istanbul, Mevlut Cavusoglu said the two countries want to sign a comprehensive trade [&hel...
Rights advocates, public health experts, and media critics were among those on Monday who warned that the purchase of Twitter by mega-billionaire Elon Musk, the world’s richest person, creates a direct threat to democracy and the common good by putting the outsized power of the social media platform used by hundreds of millions worldwid...
On Tuesday, U.S. President Joe Biden unveiled a new plan allowing homegrown biofuels to mitigate the adverse effect of rising oil prices due to Russia’s war on Ukraine. The Biden administration aims to encourage the development of homegrown biofuels to provide an affordable alternative in the short term. The U.S. Department of Agriculture will...
A new report released Tuesday by three watchdog groups highlights how Big Oil has cashed in on crises in the past year, while enriching shareholders. The industry has used the COVID-19 pandemic, Russia’s war on Ukraine, and the global climate emergency to benefit investors. The report from BailoutWatch, Friends of the Earth, and Public Citizen...
On Monday, the Iranian foreign ministry blamed the U.S. for halting negotiations on nuclear issues. Spokesperson Saeed Khatibzadeh said the pause in nuclear talks between Tehran and world powers in Vienna is due to the U.S. government’s attitude. He said an agreement was possible during negotiations but talks couldn’t move forward. Former U.S....
Training programs for four conventional banks on Islamic banking and finance have been conducted in Uzbekistan. The programs were developed by the Islamic Development Bank Institute and the Islamic Corporation for the Development of the Private Sector. The five-day training for each bank included the following subjects: principles of Islamic f...
U.S. President Joe Biden said he plans to unveil “a 20% minimum tax rate on all American households worth more than $100 million.” The so-called “Billionaire’s Tax” specifically targets roughly 700 of the nation’s wealthiest people. The Washington Post reports that the proposal could be announced as early as Monday as part of the preside...
ISTANBUL – Sanctions-hit Russia and Iran are focusing their efforts on bypassing SWIFT with an alternative interbank messaging system, an Iranian diplomat announced. “We are making efforts in this direction,” said Kazem Jalali, Iran’s ambassador to Russia, according to Russian news channel RT. Under Western sanctions ov...
Among the oldest women entrepreneurs of Indian-administered Kashmir, fisherwomen locally known as Gadhi Wajin, can be seen thronging markets early in the morning. They lure customers to buy the catch netted by male family members. Dotted by lakes and streams, the scenic Kashmir Valley produces varieties of fish. Rehti Begum, 57, walks miles e...
Rising crude oil prices are expected to lower oil-rich Gulf nations’ need to sell Islamic bonds, according to Moody’s Investors Service. Higher oil prices will lead to lower sukuk issuance in 2022. Sukuk is the name for interst free bonds. That’s driven largely by lower financing needs among Gulf Cooperation Council countries, according to a...
