Al-Laota, Sudan – (AFP) Impoverished Sudan has for years been grappling with a grinding economic crisis, which deepened after last year’s military coup prompted Western governments to cut crucial aid. The October coup derailed a fragile transition put in place following the 2019 ouster of president Omar al-Bashir. Over 18 million p...
A 2018 report by investment bank Morgan Stanley found 23,000 Indian millionaires had left the country since 2014. A recent Global Wealth Migration Review report revealed nearly 5,000 millionaires, or 2% of all high net-worth people in India, left the country in 2020 alone. Bob Dhillon, Canadian-Indian real estate magnate and chief executive o...
TRIPOLI, Libya (AA) – Libya’s crude oil production has dropped to less than 200,000 barrels per day amid a continued shutdown of ports and facilities, the country’s oil ministry said on Sunday. In a statement, the Ministry of Oil and Gas said the closure has affected almost all Libya’s oil fields and ports. “There are […]
ANKARA (AA) – Droughts may affect more than three-quarters of the world’s population by 2050, the UN said on World Day to Combat Desertification and Drought which was observed on June 17. This year’s theme, “Rising up from drought together,” highlighted the need for early action to avoid disastrous results for humanity ...
ST. PETERSBURG, Russia (AA) – Russian Deputy Prime Minister Alexander Novak has said that he does not see any problems in exporting Russian grain to Türkiye. Novak said Russia has always been a large supplier of grain to Türkiye and plans to maintain this position. “We have always been a major supplier of grain to […]
BELGRADE, Serbia (AA) – The Serb member of the Bosnia Herzegovina’s tripartite Presidency announced Friday that he would block all projects if Russia’s Gazprom pipeline project is stopped. Republika Srpska is working on the “New Eastern Interconnection, — the gas connection between the Serb-majority entity and Serbia, a...
JUBA, South Sudan (AA) – South Sudan endorsed two protocols Friday that will boost economic growth, according to Minister of Foreign Affairs and International Cooperation Mayiik Ayii Deng. “The free movement of persons and livestock will help our economy to grow,” Deng told reporters during a signing ceremony for the Inter-Governmental A...
WASHINGTON (AA) – The US and Ukraine have inked a three-year agreement to boost cooperation in agriculture, particularly food production, as the UN warns of devastating consequences of Russia’s war on global food security. The agreement will see the US Department of Agriculture (USDA) and Ukraine’s Ministry of Agrarian Policy...
MOGADISHU, Somalia (AA) – The World Bank has announced that it will give Somalia $100 million in the next 12 months to address the government’s priorities. The announcement comes after the bank’s country director Kristina Svensson met Somali President Hassan Sheikh Mohamud in Mogadishu. They discussed strengthening the cooperation ...
U.S. President Joe Biden says the American economy is well positioned to overcome inflation. Biden’s comments came a day after he criticized the financial industry and major oil corporations. He tweeted, “the economy had stalled and COVID was out of control” when he took office. Biden called what’s happened since then “the most robust recover...
