WASHINGTON (AA) – Saudi Arabia’s support of a UN resolution condemning Russia and providing aid to Ukraine were positive but do not compensate for a decision by OPEC+ to cut oil production, US Secretary of State Antony Blinken said Wednesday. Speaking in an interview with Bloomberg, Blinken said the decision by OPEC+ had not advanced [&h...
BEIRUT, Lebanon (AA) – The World Bank has said it is ready to provide Lebanon with a finance package valued between $300 million and $500 million to cover social and sustainability needs. “This is very important in light of the increasing poverty rates. The funds also cover other sustainability-related projects,” Ferid Belhaj, the ...
BEIRUT, Lebanon (AA) – Syria said Tuesday a planned visit by a Lebanese delegation for talks on demarcating their maritime border has been postponed. “The visit was postponed, not cancelled,” Syrian Ambassador Ali Abdel Karim Ali told a press conference in the Lebanese capital Beirut following his meeting with Lebanese President Michel Aoun. H...
BEIRUT, Lebanon (AA) – A delegation from Lebanon will visit Syria on Wednesday for talks on demarcating their maritime border. A statement by the Lebanese Presidency said the delegation, led by Parliament Deputy Speaker Elias Bou Saab, will hold talks with senior Syrian officials on delineating maritime border between the two countries. A disp...
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...
