DHAKA, Bangladesh (AA): Bangladesh and India have begun trade transactions in the Indian currency in a bid to reduce their dependence on the US dollar. For the first time, Bangladesh’s bilateral trade with India is starting in the Indian rupee in addition to the US dollar. Initially, the trade will be transacted in rupee and […]
ANKARA (AA): Pakistan has received $2 billion in financial assistance from Saudi Arabia, days after Islamabad and the IMF reached a $3 billion stand-by agreement, the country’s finance minister announced on Tuesday. “State Bank of Pakistan (SBP) has received a deposit of $2 billion from the Kingdom of Saudi Arabia. This inflow has ...
Damascus, Syria (AFP): The value of the Syrian pound plunged Monday to nearly 10,000 against the dollar on the black market, websites monitoring the exchange rate said, following years of conflict and crippling sanctions. The embattled currency stood at just 47 pounds to the dollar before Syria’s civil war broke out in 2011. The conflict...
ISTANBUL (AA): The Russian foreign minister on Monday said Moscow and countries of the Gulf Cooperation Council (GCC) possess all the mechanisms to promote their mutually beneficial partnership. “Russia and the countries of the Cooperation Council have all the necessary mechanisms for the successful solution of the common tasks facing us, the ...
DOUALA, Cameroon (AA): The West African Economic and Monetary Union (UEMOA) decided Sunday to lift its suspension of Mali. Mali can now rejoin the bodies and institutions of UEMOA, the monetary bloc said at the end of a summit held in Guinea-Bissau. “Concerning Mali, the conference decided to lift its suspension from the organs and [&hel...
Riyadh, Saudi Arabia (AFP): Saudi Arabia should review its goals for lowering carbon emissions and consider adopting targets to be met as soon as 2030, France’s energy transition minister told AFP in the kingdom. Agnes Pannier-Runacher left the world’s biggest oil exporter early Sunday morning after meeting with her Saudi counterpa...
ADEN, Yemen (AA): Yemen’s Houthi rebels have banned the sale of Swedish goods in areas under their control over the burning of Islam’s holy book, the Quran. “The Houthis will boycott Swedish goods due to insults against the sacred values of Islam,” Minister of Industry and Trade Muhammad Sharaf al-Mutahhar told the Houthi-run Al-Masirah televi...
ANKARA (AA): Afghanistan’s Taliban-led government has started extracting oil from wells in the north of the country, state-run media said Saturday. “Priority will be given to the employment of technical and non-technical staff and the reconstruction of the mine using the revenues of Sar-e-Pul,” acting Mines and Petroleum Mini...
TRIPOLI, Libya (AA): Libya’s UN-backed unity government has discussed the possibility of forming a committee for the fair distribution of oil revenues. Mohamed Menfi, the chairman of Libya’s Presidential Council, held a meeting on Wednesday with Tripoli-based unity government’s Prime Minister Abdul Hamid Dbeibeh, Central Bank Gover...
KARACHI, Pakistan (AA): The Permanent Court of Arbitration (PCA) on Thursday rejected India’s objections to its jurisdiction over New Delhi’s dispute with arch-rival Pakistan on two key hydropower projects. India rejected the ruling. The PCA, according to a statement from the international forum, announced the decision in The Hague...
