Lebanon parliament approves changes to banking secrecy law
Beirut, Lebanon -- Lebanon's parliament on Thursday approved amendments to banking secrecy legislation, a key reform demanded by the International...Economy Geostrategy
Trump tariffs have increased financial stability risks: IMF report
The IMF's Global Financial Stability Report (GFSR) was published as world financial leaders gather for meetings in Washington under the...Geostrategy
Middle East makes mark in Global Soft Power Index
TRENDS Infographics explores prominent Arab nations in the latest Global Soft Power Index, with the UAE leading the way by...TRENDS Infographics explores prominent Arab nations in the latest Global Soft Power Index, with the UAE leading the way by entering the top 10, a first for the Middle East
Other GCC countries, including Oman, also show improvements in the index, which measures nations' influence and reputation across various sectors and a variety of metrics
UAE president Sheikh Mohamed holds talks with El Sisi in Egypt
El Alamein, Egypt - The UAE President Sheikh Mohamed bin Zayed Al Nahyan held talks with his Egyptian counterpart, President...Both leaders stressed the significance of collective Arab action to promote peace, stability, and development within the region
Egyptian president El Sisi's visit to Abu Dhabi in February underlined the reciprocal nature of these diplomatic efforts
Argentina to repay IMF using Qatari loan worth $775m
BUENOS AIRES, ARGENTINA- The Argentine government said it will use a loan from Qatar amounting to $775 million to make a...The credit operation would allow Qatar to lend Argentina Special Drawing Rights for the equivalent of $775 million
The credit was negotiated by Argentine Economy Minister Sergio Massa with the Qatari economic team "in absolute secrecy."
Lebanon’s minister backtracks on Kuwaiti aid comments
BEIRUT, LEBANON - A Lebanese minister on Saturday sought to clarify comments condemned by Kuwait over aid money to rebuild Beirut's...Lebanon's Economy Minister Amin Salaam said this week that he had sent a letter to Kuwait's emir in the name of the Lebanese people
Mired in a grueling economic crisis since late 2019, cash-strapped Lebanon has been governed by a caretaker cabinet for more than a year
Palestinians bury teenage killed by Israeli settlers in West Bank
In a statement, the Israeli army cited Palestinian reports and witnesses as saying clashes broke out between Palestinians and Israeli...Palestine ministry announced the death of Qusai Jamal Maatan, 19, saying he was "shot dead by settlers in the village of Burqa", east of Ramallah
At the funeral procession, Maatan was wrapped in a black and white keffiyeh head covering and Palestinian flag as mourners carried his body
UAE to mobilize global tech, space sectors for climate action ahead of COP28
ABU DHABI, UAE - Key UAE government entities have partnered to boost coordination between advanced technology and space sectors.The collaboration...The collaboration aims to further contribute to COP28’s inclusive ecosystem, bringing together major technology companies, global institutions.
It will encourage companies to use the UAE as a base for producing new technologies that can help drive sustainable industrial development.
Nearly 14m children in Sudan need aid, says UNICEF
NEW YORK, US - Two senior UN humanitarian officials have called for more funding and fewer bureaucratic impediments to support...The crisis in Sudan recently passed the 100-day mark and overall, 24 million people across the country require aid.
Chad is one of several neighboring nations hosting some 900,000 people who fled the violence in Sudan.
Erdogan announces Putin visit to Turkiye in August
Ankara, Turkiye - Turkish President Recep Tayyip Erdogan on Friday announced that his Russian counterpart Vladimir Putin would visit Ankara...Turkish president's remarks followed his Wednesday phone call with Putin, in which they agreed Putin would visit to Turkiye in the coming days
Erdogan told Putin that Turkiye will continue its "intense" efforts and diplomacy for resumption of the Black Sea grain deal
Saudi makes Ukraine peace bid with Jeddah talks, Russia not invited
Russia invaded Ukraine on February 24, 2022, failing in its attempt to take Kyiv but seizing swathes of territory that...Invitations were sent to around 30 countries, Russia not among them, according to diplomats familiar with the preparations
Jeddah initiative follows Ukraine-organized talks in Copenhagen in June that were designed to be informal and did not yield an official statement
Mobilize global action to deal with food insecurity
“In conflict, international humanitarian law is clear: parties to armed conflict must take constant care to spare the objects necessary...UAE's Minister of State Noura Al Kaabi emphasizes the need for collective action across the world to end food insecurity
Al Kaabi highlights the role of climate change in exacerbating food insecurity, particularly affecting women and youth
