TEHRAN, Iran (AA): Iraq has agreed to release $2.7 billion in Iranian funds frozen in the Arab country after Baghdad received a sanctions waiver from the United States, according to officials of the two countries. Yahya Al-e Es’hagh, head of the Iran-Iraq Joint Chamber of Commerce, said Baghdad had released $2.7 billion in gas and […]
RIYADH, Saudi Arabia (AA): Saudi Arabia said Sunday it seeks to benefit from China’s advanced capabilities in renewable energy. “Saudi Arabia does not compete with China in the energy sector,” Saudi Energy Minister Prince Abdulaziz bin Salman told the 10th Arab-China Business Conference, held in the capital Riyadh. He said Saudi Arabia has a l...
LAGOS, Nigeria (AA): Nigeria has announced the suspension of its central bank head. Central Bank of Nigeria (CBN) Governor Godwin Emefiele has been directed by the president to hand over his office immediately “to the Deputy Governor (Operations Directorate), who will act as the Central Bank Governor pending the conclusion of an investigation ...
Karachi, Pakistan (AFP): Pakistan’s cash-strapped government unveiled a 14.5 trillion rupee (around $50.5 billion) budget Friday, with over half set aside to service 7.3 trillion rupees of debt. Pakistan’s economy has been stricken by a balance-of-payments crisis as it attempts to service crippling external debt, while months of po...
TEHRAN (AA): Iran’s President Ebrahim Raisi will lead a high-ranking government delegation on a maiden three-nation tour of Latin America on Sunday as his administration seeks expansion of ties with “friendly countries.” Accompanied by ministers of foreign affairs, defense, oil, and health, Raisi will visit Venezuela, Cuba an...
TEHRAN, Iran (AA): Iran is building two new reactors at the Bushehr nuclear power plant to fulfill the country’s growing electricity needs. Bushehr Governor Ahmad Mohammadizadeh said the new reactors, being built by young Iranian engineers without any help from foreign experts, would each have a capacity of 1,800 megawatts. Bushehr nucle...
ISLAMABAD (AA): The interim Taliban administration in Afghanistan said Thursday that poppy cultivation in the country has been “almost eradicated” and praised a recent report by a UK-based organization which acknowledged their efforts at the global level. Hafiz Zia Ahmad, the deputy spokesman at Afghan Foreign Ministry, credited th...
KARACHI, Pakistan (AA): Pakistan and Turkmenistan on Thursday inked a “joint implementation plan” to execute the long-stalled four-nation energy corridor also involving Afghanistan and India. State Minister of Turkmenistan Maksat Babayev and Pakistan’s Minister of State for Petroleum, Musaddiq Malik signed the “TAPI gas...
Putrajaya, Malaysia (AFP): Indonesian President Joko Widodo on Thursday called for stronger collaboration with Malaysia to protect palm oil products threatened by a European Union trade law he termed “discrimination”. The European Parliament adopted the new legislation in April that will ban imports deemed to be driving deforestati...
LAGOS, Nigeria (AA): Two Nigerian states have reduced working days for public workers following a rise in transportation costs, food and other essentials that was triggered by a hike in petrol prices. Edo State in the south and northcentral Kwara State have announced a three-day work week because of the high cost of petrol. Gov. […]
