ISTANBUL (AA) – Saudi Arabia will boost its investments in Pakistan to $10 billion and raise its deposits in Pakistan’s central bank to $5 billion, the official media has reported. According to a statement run via the state-run Saudi Press Agency, Saudi Arabia is studying augmenting investments and deposit in Pakistan. “This ...
GENEVA (AA) – International donors on Monday pledged over $9 billion to help Pakistan recover from the lethal floods that devastated the country last year. The commitments were made at the International Conference on Climate Resilient Pakistan in Geneva, jointly hosted by Pakistan and the UN. “The conference marked the beginning of a structure...
GENEVA (AA) – The cost of rebuilding Pakistan after last year’s devastating floods will exceed $16 billion “and far more will be needed in the longer term,” the UN chief said on Monday. “Pakistan is doubly victimized by climate chaos and a morally bankrupt global financial system,” Antonio Guterres said at the International Conference on [&hel...
Doha, Qatar (AFP): Qatar has signed a $6 billion deal with Chevron Phillips Chemical to build a plant, including the biggest ethane cracker in the Middle East, to convert natural gas into polyethylene and other plastics. The Ras Laffan Petrochemicals Complex, which will produce 2.1 million tonnes of ethylene a year along with 1.7 million [&hel...
Tunis, Tunisia — AFP Tunisia faces a year of low economic growth and runaway inflation, and urgently needs a bailout deal with the International Monetary Fund, its central bank chief has said. “We need to reach a deal with the IMF as soon as possible to mobilise external finance in the budget” or “2023 will […]
ISTANBUL (AA) – Russian President Vladimir Putin discussed in a phone call cooperation in the energy sector with his Kazakh counterpart Kassym-Jomart Tokayev. “Issues of practical cooperation in a number of topical areas, including the fuel and energy complex, were discussed,” a statement by the Kremlin read. The statement said that both...
DAMASCUS, Syria (AA) – Syria devalued its national currency on Monday, the second time in less than four months. In a statement, the Central Bank said it had lowered the official exchange rate to 4,522 lira against the US dollar. Previously, the official rate had been set at 3,015 lira. The dollar is traded on […]
ANKARA (AA) – Turkish Foreign Minister Mevlut Cavusoglu discussed the implementation of the Black Sea grain deal with Ukrainian First Vice Prime Minister Yulia Svyrydenko in Brazil on Sunday. “We discussed our humanitarian aid and the Istanbul Grain Agreement,” Cavusoglu said on Twitter. The Turkish foreign minister was in Brazil to atte...
BEIRUT, Lebanon (AA) – One-third of the Arab population lives below the poverty line, a UN body said on Saturday. A report by the United Nations Economic and Social Commission for Western Asia (ESCWA) said that poverty has increased in the Arab countries and is now affecting 130 million people. Unemployment in the Arab region […]
DOUALA, Cameroon (AA) – Four illegal Chinese gold miners exploiting the natural resources of the country have been arrested in southern Mali, an official claimed. The men were arrested by forest officials of the Environment Ministry on the night of December 21-22 in a forest in Kekoro. Ministry spokesman Diakaridia Yossi said that the op...
