Tunis, Tunisia (AFP): Italian Prime Minister Giorgia Meloni said on Tuesday Rome backed efforts to secure an IMF bailout for Tunisia and support to tackle its growing migrant problem. She was speaking after talks in Tunis with President Kais Saied whose country is going through a dire financial crisis. Tunisia is a departure point for [&hellip...
ANKARA (AA): Pakistan is “very hopeful” of finalizing a deal with the International Monetary Fund (IMF) this month, according to Prime Minister Shehbaz Sharif. “We are still very hopeful that the IMF program will materialize. Our ninth review by the IMF will match all terms and conditions and, hopefully, we’ll have some good news this [&hellip...
DHAKA, Bangladesh (AA): Bangladesh shut down a major power plant on Monday due to a delay in importing coal. The Payra Thermal Power Plant, with a capacity of 1,320 megawatts of electricity, has been completely shut down due to a lack of coal, Shah Golam Mowla, project director of the power plant, told Anadolu. A […]
ANKARA (AA): The Organization of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, confirmed on Sunday they would keep their current output cuts unchanged until the end of the year, with additional voluntary production cuts from Saudi Arabia of around 1 million barrels per day (bpd) in July. The decision came during the [&he...
ISLAMABAD (AA): Pakistan on Friday announced a barter trade agreement with Russia, Iran, and Afghanistan in an attempt to ease the mounting pressure on its fast depleting foreign exchange reserves. According to an official notification issued by the Ministry of Commerce, the country began implementing the “Business-to-Business (B2B) Bart...
KARACHI, Pakistan (AA): Pakistan’s annual inflation reached an all-time high in May, hitting almost 38%. Inflation rose to 37.97% year-on-year last month, the highest-ever in the country, according to the Statistics Bureau of Pakistan. It was 36.4% in April, which at the time was the highest on record. The month-on-month rise in May was 1.58%,...
ISLAMABAD (AA): Taliban have praised the World Bank’s report on Afghanistan’s economic landscape and called it a “factual assessment” of their country’s economic condition. Lauding the “accurate portrayal of facts,” Mullah Abdul Ghani Baradar, the acting deputy prime minister for economic affairs, said: R...
Doha, Qatar (AFP): QatarEnergy has signed a 15-year deal to supply liquefied natural gas to Bangladesh’s state-owned gas company Petrobangla. The state-owned hydrocarbon giant will supply 1.5 million tonnes annually starting in January 2026, the Qatari firm said at a signing ceremony in Doha. “It can reach up to 1.8” million ...
Abuja, Nigeria (AFP): The price of petrol in Nigeria tripled at government-run stations on Wednesday, two days after newly-elected President Bola Tinubu announced he would scrap fuel subsidies in his first move after taking office. His announcement was followed by confusion as to when the measure would take place. The previous government of Mu...
KANO, Nigeria (AA): China’s president has pledged to increase economic cooperation with Nigeria, saying the country is important to Africa and the world. Xi Jinping spoke on Wednesday through his Special Envoy Peng Qinghua, who is also vice chairman of the Standing Committee of the National People’s Congress. Peng met Nigerian President ...
