Israel kills 39 Palestinians in Gaza in 24 hours
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Oman’s Islamic banking sector is likely to maintain its positive trajectory in the short-to-medium term despite structural challenges, Fitch Ratings reports. Increased awareness, strong retail demand for Islamic products, supportive regulations, and a strong push from the Islamic windows of conventional banks will drive growth. Growth in Isl...
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...
PARIS (AA) – France held talks Sunday with Saudi Arabia and the United Arab Emirates on diversifying Europe’s energy supplies in order to reduce the continent’s dependence on Russia. Foreign Minister Jean-Yves Le Drian in a phone call with his Saudi and UAE counterparts Faisal bin Farhan Al Saud and Abdullah bin Zayed al-Nahyan str...
TEHRAN, Iran – Iran has dismissed an agreement between Gulf neighbors Saudi Arabia and Kuwait to develop an offshore gas field as “illegal”, saying it must be included as one of the parties. Foreign Ministry spokesman Saeed Khatibzadeh said the Durra/Arash gas field — located in the interlocking marine region between Kuwait and Ira...
BRUSSELS – The EU and US have announced a new deal to supply extra liquefied natural gas for the EU to curb the bloc’s dependence on Russian imports. “The United States together with international partners are going to work to ensure an additional 15 billion cubic meters of liquefied natural gas (LNG) for Europe this […]
SANAA, Yemen (AA) – Bread prices in Yemen have spiked up to 35 percent, according to the UK-based international humanitarian organization Oxfam on Thursday. The NGO said Yemen imports 42% of its grain from Ukraine, but the Russian war on the country has disrupted the supplies of grain and cooking oil to the war-torn Arab […]
LONDON (AA) – Britain on Thursday announced fresh sanctions targeting Russia’s 65 strategic industries, banks, and business elites. The sanctions target “those aiding Russia’s invasion of Ukraine including the Wagner Group, multiple defence companies and Russian Railways,” a government statement said. The UK has now “sanctioned over 1,00...
WASHINGTON (AA) – The US announced sanctions on more than 400 Russian elites, members of the Duma (lower house of parliament) and defense companies in coordination with the European Union and G7 countries due to Moscow’s war on Ukraine. So far, 600 Russian targets have been sanctioned by the US, according to a White House […...
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...
La Goulette, Tunisia – AFP A cruise ship docked in a Tunisian port on Wednesday for the first time since 2019, carrying over 700 passengers and rare good news for tourism operators battered by the Covid pandemic. The Spirit of Discovery, run by UK operator Saga, landed at La Goulette port on the edge of […]
