ISLAMABAD (AA) – The European Union (EU) has removed Pakistan from its list of High-Risk Third Countries after Islamabad got off the Financial Action Task Force’s (FATF) list of countries under increased monitoring, also known as the “grey list” last year, Pakistan’s Ministry of Commerce said on Wednesday. In a statement, the ministry welcomed...
ROME (AA) – Italian Foreign Minister Antonio Tajani spoke by phone Tuesday with US Secretary of State Antony Blinken about political and economic developments in Tunisia. During the call, Tajani, who is also Italy’s deputy premier, underlined the importance of constant coordination between his government and the US regarding Tunisi...
BEIRUT, Lebanon (AA) – Lebanon Deputy Prime Minister has warned of a “deep crisis” in the absence of economic reforms demanded by the International Monetary Fund (IMF). In a statement, Saadeh al-Shami said Lebanon reached an agreement with the IMF a year ago, but only a few of the agreed-upon procedures were accomplished. The IMF […]...
ANKARA (AA) – The International Chamber of Commerce (ICC) has ordered Iraq to pay compensation to Türkiye for several violations concerning a case which dealt with crude oil exports from Iraq’s Kurdish region, according to a statement issued by Türkiye’s Energy Ministry. The statement came after reports claimed that Iraq halted cru...
Riyadh, Saudi Arabia (AFP): The chairman of Saudi National Bank, which was a major shareholder of troubled lender Credit Suisse before its buyout this month, has resigned, a statement said on Monday. The Saudi bank’s board of directors “accepted the resignation” of Ammar AlKhudairy “due to personal reasons”, said ...
Beirut, Lebanon (AFP): Crisis-hit Lebanon is “at a very dangerous moment”, a visiting International Monetary Fund delegation said Thursday, criticising slow progress on reforms needed to unlock billions in loans. Lebanon and the IMF reached a conditional agreement in April 2022 on a $3-billion-dollar loan needed to save the country...
BEIRUT (AA) – Angry protesters on Friday lit empty car tires in front of the Central Bank of Lebanon, while others tried to storm banks in the capital Beirut, amid a decision regarding deposits withdrawal. Hundreds of Lebanese staged a protest called for by the Cry of Depositors association in front of the central bank […]
BEIRUT, Lebanon (AA) – Lebanese security forces fired tear gas on Wednesday to disperse hundreds of retired soldiers in the capital Beirut amid protests against deteriorating economic conditions. Hundreds of retired soldiers gathered outside the government headquarters in central Beirut to demand better pay. Protesters waved banners calling fo...
Kuwait City, Kuwait (AFP): The Kuwait Oil Company declared a “state of emergency” on Monday following an oil spill on land, in an incident decried by environmental activists as a “recurring problem” in the energy-rich Gulf state. The emergency followed an “oil leak in the west of the country”, the state-owne...
BRUSSELS (AA) – EU foreign policy chief Josep Borrell has lauded Türkiye and the UN for securing an extension to the Black Sea grain deal. The agreement “has been prolonged and congratulations to the UN and Türkiye for this diplomatic effort,” Borrell told reporters before a meeting of EU foreign ministers. “Let’s hope that this [&hellip...
