LONDON (AA) – Former Chancellor Rishi Sunak is set to become the UK’s first British Asian prime minister after winning the Tory leadership race on Monday, as Penny Mordaunt dropped out of the race minutes before the candidacy deadline. Sir Graham Brady, the 1922 Committee head, confirmed in a short statement that Sunak became the new lea...
RIYADH, Saudi Arabia (AA) – Saudi Crown Prince Mohammed bin Salman has launched an initiative to attract investments worth 40 billion riyals ($10.6 billion) in supply chains. Bin Salman said the Global Supply Chain Resilience Initiative (GSCRI) will support growth of key sectors and aim to attract 40 billion riyals ($10.6 billion) in investmen...
ISTANBUL / ISLAMABAD, Pakistan (AA) – In a major development, Pakistan on Friday got off the Financial Action Task Force’s (FATF) list of countries under increased monitoring, also known as the “grey list.” The South Asian nation had been on the list since June 2018 for deficiencies in its system to curb money laundering and […]...
KAMPALA, Uganda (AA) – Uganda’s Finance Trust Bank has launched the country’s first Islamic Sharia-compliant account called Halal. Prominent Muslim personalities attended the launch event held in the country’s capital Kampala. Percy Lubega, head of business development at the bank, said: “We have today launched th...
ISLAMABAD (AA) – The Pakistan government has announced compensation for the families of those killed and injured during the recent devastating floods as relief and reconstruction activities continue in the South Asian country. Speaking at a high-level meeting on Thursday, Prime Minister Shehbaz Sharif said that the federal government wil...
ANKARA (AA) – Azerbaijani President Ilham Aliyev has said the Zangezur corridor, located between the autonomous region of Nakhchivan and the western regions of Azerbaijan, will turn the entire region into an important transport and trade hub. Addressing an event in Azerbaijan’s capital Baku, Aliyev recalled that the Karabakh region was histori...
Rabat, Morocco (AFP): The European Union and Morocco have signed a “green partnership” deal they hope will bolster cooperation on renewable energy. The sun-baked North African country is seeking to offer alternatives for European nations trying to wean themselves off fossil fuels, whose prices have soared following Russia’s i...
RAMALLAH, Palestine (AA) – A Palestinian source has denied reports about an agreement with Egypt and Israel to extract gas off the Gaza Strip. “These reports published by Israeli media are inaccurate,” the source told Anadolu Agency on Wednesday. The source, who spoke on condition of anonymity, said current talks on extracting gas off Gaza [&h...
BEIRUT, Lebanon (AA) – French energy giant TotalEnergies has said it will start drilling operations in the Lebanese Qana gas field in 2023. The announcement was made following a meeting between Lebanese President Michel Aoun and representatives of the French company in the capital Beirut. A statement by Aoun’s office said the Lebanese presiden...
KARACHI, Pakistan (AA) – Pakistan has thrown its weight behind longtime ally Saudi Arabia amid an ongoing row over global oil production cuts. “In the wake of statements made against the Kingdom in the context of (the) OPEC + decision, Pakistan expresses solidarity with the leadership of the Kingdom of Saudi Arabia,” the Foreign Ministry [&hel...
