ISLAMABAD (AA) – Pakistan has received $1.16 billion from the International Monetary Fund (IMF) under its bailout package, the country’s central bank confirmed. “This will help improve SBP’s (State Bank of Pakistan) foreign exchange reserves and will also facilitate the realization of other planned inflows from multilateral and bilateral...
Bali, Indonesia (AFP): The Group of 20 chair Indonesia has warned environment officials from the world’s leading economies that they must act together to combat a warming planet or risk plunging it into “uncharted territory”. The call came at a one-day meeting on the resort island of Bali, at the end of a month in […]
ISLAMABAD (AA) – Afghanistan has received another tranche of $40 million in humanitarian cash assistance, the country’s central bank said. According to the Da Afghanistan Bank, the amount arrived from donor countries to help the people of Afghanistan on Monday. “A cash of 40 million US dollars has arrived and has been handed over t...
KARACHI, Pakistan (AA) – The International Monetary Fund (IMF) on Monday approved the release of a long-stalled $1.17 billion tranche of its bailout package for cash-strapped Pakistan. The development came after Islamabad agreed to fulfill some key IMF demands, including withdrawal of subsidies on electricity and petroleum, despite public outc...
Tunis, Tunisia (AFP): Japan will cooperate closely with African countries to promote “more resilient” economies, Prime Minister Fumio Kishida told the final session of an investment conference in Tunisia on Sunday. He also promised Japan would use its place on the United Nations Security Council next year to push for a permanent Af...
Tunis, Tunisia (AFP): Tunisia and Japan launched a pan-African investment conference on Saturday, seeking to counter the influence of rival China whose economic imprint on the continent has steadily grown. The conference takes place amid a “complex” international environment caused by the coronavirus pandemic and the war in Ukraine...
Algiers, Algeria (AFP): Algeria has helped Europe diversify its energy supplies by pumping more gas to Italy, French President Emmanuel Macron said Friday during a visit to Africa’s top gas exporter. Dismissing suggestions that Italy and France were “in competition” for Algerian gas, Macron welcomed a deal Algeria signed last...
DHAKA, Bangladesh (AA) – Farmers in Bangladesh are facing drought in a season that has historically been marked with rain. While July is supposed to receive the highest amount of rainfall, the country received less than half of the average rainfall this July, the lowest in 41 years, according to the weather office. Adverse weather […]
TUNIS, Tunisia (AA) – Tunisia has said it remains committed by the Arab boycott of Israel. Last week, activists circulated media reports on social media about trade exchange between Tunis and Tel Aviv. The Tunisian Ministry of Trade has dismissed the reports. “Tunisia is committed by the rules and principles of the Arab boycott within [&hellip...
BEIRUT, Lebanon (AA) – Another section of the grain silos at Beirut port has collapsed, sending heavy clouds of dust into the air affecting air quality in the area badly. No injuries were reported in Tuesday’s collapse. A large part of grain silos at the Beirut port collapsed in recent weeks as a result of […]
