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...
The global halal ingredients market is expected to expand at a compound annual growth rate of 4.9% from its current value of over $327 billion. It is projected to be valued at more than $436.2 billion by 2032. Though Muslims are a minority in North America and Europe, they make up a growing proportion of […]
ISTANBUL (AA) – A visiting Pakistani minister on Wednesday held discussions with Turkish officials on ways to boost bilateral trade. Chaudhry Salik Hussain, minister for Board of Investment (BOI) and special initiatives, met with officials of the Foreign Economic Relations Board of Türkiye (DEIK) in Istanbul. Cengiz Ozdemir, president of the T...
ANKARA (AA) – Annual consumer inflation in Nigeria rose to 17.71% in May, highest in 11 months, according to figures released by the National Bureau of Statistics on Wednesday. While the market expectation for the figure was 17.4%, annual consumer inflation stood at 16.82% in April. On a monthly basis, consumer inflation increased to 1.7...
OVIEDO, Spain (AA) – Spain’s Environment Minister Teresa Ribera has called Algeria’s state news agency’s comments about the Spanish foreign minister “unacceptable.” An opinion article published by Algeria Press Service on Tuesday blamed Spanish Foreign Minister Jose Manuel Albares for the “unprecedented crisis” between Madrid and Algiers. The ...
TRIPOLI, Libya (AA) – The Libyan Parliament has approved a budget for the government of Prime Minister Fathi Bashagha amid a political rift in the country. “The 89.6 billion Libyan dinars ($20 billion) budget was unanimously approved,” the parliament’s spokesman, Abdullah Blihaq, said in a statement. The government of Bashagha, a former interi...
TEHRAN, Iran (AA) – Iran has received $1.6 billion in arrears from the Iraqi government for imports of natural gas, Oil Minister Javad Owji has announced. In a Twitter post, Owji said the debt from previous years was received “a few hours ago” following “several months of negotiations” between the two sides, credi...
