JERUSALEM (AA) – Israel’s finance minister has frozen the transfer of tax revenues amounting to some $188 million monthly to the Palestinian Authority (PA), according to the Israeli media. Bezalel Smotrich said the funds will be withheld over the failure of the Ramallah-based authority to condemn the October 7 cross-border incursions by the Ha...
Riyadh, Saudi Arabia – – AFP The raging war between Israel and Hamas is already battering the economies of nearby countries, the managing director of the International Monetary Fund told a Saudi investor forum on Wednesday. Israel’s neighbours are feeling the effects, especially those that rely on tourism, Kristalina Georgiev...
Marrakesh, Morocco — AFP Israel’s war on Gaza has cast a shadow over the IMF-World Bank annual meetings in Morocco, with warnings that it has darkened the outlook for an already sluggish global economy. The global lenders are holding their gathering, which brings together finance ministers and central bankers from around the world,...
Gaza City, Palestinian Territories – AFP The only power plant in the Gaza Strip, which is under Israeli bombardment and siege, shut down Wednesday after it ran out of fuel, said the Palestinian enclave’s electricity authority. “The only power plant in the Gaza Strip stopped functioning at 2:00 pm (1100 GMT),” the author...
LONDON (AA) – The European Union’s assistance to Palestine will continue without suspension, EU foreign policy chief Josep Borrell said Monday. The announcement came in response to concerns that any suspension of payments would adversely affect the Palestinian population and potentially encourage terrorist activities in the region. ̶...
GENEVA (AA) – Austria has halted all financial assistance to Palestinian authorities totaling €19 million (about $20 million), Austrian Foreign Minister Alexander Schallenberg announced amid Israel’s siege on Gaza in response to resistance group Hamas’ Operation Al Aqsa Flood. “We will put all Austrian development coope...
Despite accounting for one-sixth of the country’s total household income, millionaires in the U.S. are currently audited less than 1% of the time WASHINGTON – Low-income families in the U.S. were audited more heavily than millionaires by the Internal Revenue Service (IRS) during Donald Trump’s final year in office. An analysi...
KARACHI, Pakistan (AA) – Chinese Foreign Minister Wang Yi and his Pakistani counterpart Jalil Abbas Jilani met in Tibet on Thursday to discuss multi-billion dollars China-Pakistan Economic Corridor (CPEC). The two top diplomats met on the sidelines of the Third Trans-Himalaya Forum for International Cooperation in Tibet Autonomous Region. Emph...
DHAKA, Bangladesh (AA) — Bangladesh has got one step closer to activating its first nuclear power plant as Russia formally delivered an initial shipment of uranium fuel to the South Asian country on Thursday. Via video link, Russia’s President Vladimir Putin and Bangladeshi Prime Minister Sheikh Hasina attended the official handover even...
Abu Dhabi, United Arab Emirates – AFP The president of the COP28 told an Abu Dhabi oil conference on Monday that the fossil fuel industry would play an essential role in addressing the climate crisis. “For too long, this industry has been viewed as part of the problem, that it’s not doing enough and in […]
