TEHRAN (AA): Iran’s oil minister has said the country will continue to pursue its rights and interests in the Arash gas field as the row over the disputed Persian Gulf maritime field intensifies. Javad Owji made the remarks on the sidelines of a meeting in Tehran to review the development of oil and gas projects. […]
KARACHI, Pakistan (AA): China’s Vice Premier He Lifeng met Pakistan’s Prime Minister Shehbaz Sharif on Monday to discuss bilateral economic cooperation with a focus on the multi-billion-dollar China Pakistan Economic Corridor (CPEC). The Chinese vice premier, who is also the special representative of President Xi Jinping, arrived i...
Beirut, Lebanon (AFP): The central bank chief of crisis-torn Lebanon, Riad Salameh, who is wanted for alleged financial crimes in several European countries has handed over his post with no designated successor in place. First vice-governor Wassim Manssouri, who will temporarily take over, warned that “we are at the crossroads” and...
WASHINGTON – The U.S. regulator Federal Deposit Insurance Corporation (FDIC) has proposed new rules for banks with more than $100 billion in total assets. The new rules would replace the current system, which allows banks to use their internal models to calculate their risk-based capital requirements. “The proposal would replace cu...
DAKAR, Senegal (AA): Burkina Faso President Ibrahim Traore accused African leaders of “beggary” at the Russia-Africa Summit in St. Petersburg, Russia. Traore, 35, who came to power in a coup and became the world’s youngest leader, thanked Russian President Vladimir Putin for deciding to send free grain to African countries bu...
ISLAMABAD (AA): China has rolled over a loan of $2.4 billion to Pakistan for two years, the South Asian nation’s finance minister has said. “Chinese EXIM Bank has rolled over for 2 years principal amounts of following loans totalling US$ 2.4 billion which are due in next 2 fiscal years,” Ishaq Dar tweeted. He added […]
ISTANBUL (AA): Russian President Vladimir Putin has announced that his country will provide free grain to six African countries in the next three to four months. “We will be ready in the coming months, in the next three to four months, to provide Burkina Faso, Zimbabwe, Mali, Somalia, the Central African Republic, and Eritrea with […]
Syria (AFP): Around war-torn Syria’s biggest freshwater dam reservoir Lake Assad, fishermen say their catch is now a fraction of what it used to be as environmental pressures have decimated aquatic life. Ismail Hilal, 50, sat on the hull of his rowboat. After 37 years as a fisherman, he has retired his nets, declaring defeat […]
Moscow, Russia (AFP): Russia has over the past several years strengthened its presence in Africa, vowing to intensify grain exports, weapons deliveries and energy cooperation. The process has intensified since the Ukraine war which isolated Russia from other Western nations. Grain Earlier this month, Russia pulled out from a deal that allowe...
ANKARA (AA): Efforts are on to make Hong Kong’s markets more conducive to Islamic finance, Chief Executive John Lee said on Wednesday as he met the Indonesian business community in Jakarta. “We strive to enhance our financial market’s diversity, including in Islamic finance. Over the past decade, we have created a conducive platfor...
