LONDON (AA) – Britain on Thursday announced further sanctions targeting Russian banks, companies, entities and individuals. Prime Minister Boris Johnson described the sanctions as the “largest and most severe package” of sanctions “that Russia has ever seen,” as Moscow launched a military intervention into Ukraine...
The Russian Central Bank has announced that it will begin to intervene in the foreign exchange market after the Russian currency plunged to a record low following the Russian military intervention in Ukraine. “The Bank of Russia will ensure the maintenance of financial stability and business continuity of financial institutions by using ...
New sanctions imposed by the US, UK and the European Union are targeting some names close to Russia’s president and Russian banks following Moscow’s decision to officially recognize the so-called administrations of two separatist regions in eastern Ukraine. While the activities of some Russian banks in international markets were restricted wit...
TEHRAN, IRAN – FEBRUARY 23: Iranian Foreign Minister Hossein Amir-Abdollahian said they are optimistic about nuclear talks. “So far we are optimistic about the Vienna talks. We hope that some sensitive and important issues remaining in the negotiations will be resolved in the coming days with realism from the Western side,” h...
Britain on Tuesday sanctioned five Russian banks and three individuals in response to Russia’s recognition of Ukraine’s separatist regions. The Russian banks sanctioned are Rossiayaz Bank, IS Bank, General Bank, Promsvyazbank, and the Black Sea Bank, Prime Minister Boris Johnson announced. Gennady Timchenko, Igor Rotenberg, and Boris Rotenberg...
DOUALA, Cameroon (AA) – At least 59 people are dead and many injured following an explosion Monday at an artisanal gold mining site in southwestern Burkina Faso, local media reported. The powerful blast also caused a huge amount of material damage at the Gomgombiro gold panning site in Gbomblora, a village about 386 kilometers (24...
DOHA, Qatar (AA) – Qatar’s Emir Sheikh Tamim bin Hamad Al Thani on Tuesday called for more dialogue to ensure the security of global gas supplies amid signs of a natural gas crisis in Europe due to escalating tensions between Russia and the West. The Qatari ruler made the call during the Sixth Summit of […]
The global Islamic funds market has grown by more than 300% in the last decade to reach nearly $200 billion in assets under management. That’s according to the Bahrain-based General Council for Islamic Banks and Financial Institutions. Islamic finance bans interest payments and pure monetary speculation. It can be used only to invest in assets...
The U.S. has asked to meet with energy companies operating in Algeria to see if more gas can be sourced from there, Reuters reports. Washington is intensifying efforts to find alternative gas supplies for Europe in case there is a disruption from the standoff between Russia and Ukraine. The European Union depends on Russia for […]
MOGADISHU, Somalia (AA) – US Secretary of State Antony Blinken announced late Tuesday visa restrictions on current and former Somali officials who are believed “to be responsible for, or complicit in, undermining the democratic process in Somalia.” The Department of State said in a statement that the individuals were undermin...
