200 Palestinians freed in Gaza truce deal
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NEW DELHI – India will continue to buy cheap oil from Russia at discounted prices, the country’s finance minister has said. “India’s overall interest is what is kept in mind,” Nirmala Sitharaman said during a business event. She was responding to a question about the reports that Russia is offering deep discounts on oil...
ANKARA – Kazakhstan will not act as a tool to circumvent US and EU sanctions against Russia, a top Kazakh official has said. “We will abide by the sanctions. Although we are part of the Eurasian Economic Union which includes Russia, Belarus and other countries, we are also part of the international community,” First Deputy [&...
On Thursday, President Joe Biden announced the unprecedented use of U.S. oil stockpiles to “ease the pain” of rising domestic fuel prices after Russia’s war on Ukraine. The measure will pump a million barrels of U.S. government oil per day for six months into the global market. Biden hopes to dampen inflationary shockwaves ripping through [&he...
On Wednesday, an international aid group warned that Afghanistan is on the brink of collapse, as millions face poverty and starvation. The International Rescue Committee said the refusal of the Biden administration and European governments to release Afghanistan’s central bank reserves is depriving its economy of critical funds. It noted that ...
Training programs for four conventional banks on Islamic banking and finance have been conducted in Uzbekistan. The programs were developed by the Islamic Development Bank Institute and the Islamic Corporation for the Development of the Private Sector. The five-day training for each bank included the following subjects: principles of Islamic f...
PARIS (AA) – French Foreign Minister Jean-Yves Le Drian has begun an official tour of Qatar, Oman and Kuwait to discuss Europe’s diversification of energy supplies amid an energy crisis triggered by Russia’s war on Ukraine. On the first leg of the tour, he met with Qatar’s Emir Tamim bin Hamad Al Thani and discussed […]
WASHINGTON – US President Joe Biden has sent a nearly $6 trillion budget proposal to the Congress that includes sweeping spending increases across the federal government, and tax hikes on the richest Americans. Biden’s $5.8 trillion plan to fund the government for the fiscal year that begins in October would cut the federal deficit...
Oman’s Islamic banking sector is likely to maintain its positive trajectory in the short-to-medium term despite structural challenges, Fitch Ratings reports. Increased awareness, strong retail demand for Islamic products, supportive regulations, and a strong push from the Islamic windows of conventional banks will drive growth. Growth in Isl...
U.S. President Joe Biden said he plans to unveil “a 20% minimum tax rate on all American households worth more than $100 million.” The so-called “Billionaire’s Tax” specifically targets roughly 700 of the nation’s wealthiest people. The Washington Post reports that the proposal could be announced as early as Monday as part of the preside...
PARIS (AA) – France held talks Sunday with Saudi Arabia and the United Arab Emirates on diversifying Europe’s energy supplies in order to reduce the continent’s dependence on Russia. Foreign Minister Jean-Yves Le Drian in a phone call with his Saudi and UAE counterparts Faisal bin Farhan Al Saud and Abdullah bin Zayed al-Nahyan str...
