DUBAI, UAE - Yemen's Houthi rebels, who vowed to retaliate against US and British strikes early on Friday against key military sites, have built up a significant arsenal, including cruise missiles and drones. Since the Israel-Hamas war broke out on October 7, the Iran-backed Houthis have carried out a spate of...
UN calls for overhaul of financial system to help poorest countries
The UN called for an overhaul of the global financial system to help the world's poorest countries and their struggle to fill "enormous financial gaps". A report from UNCTAD highlighted how multiple crises, from the Covid pandemic to soaring inflation, and declining foreign direct investment have hit poorer countries particularly...UN says over 165m people fell into poverty in 3 years of crisis
UNITED NATIONS - The COVID-19 pandemic, the cost-of-living crisis and the war in Ukraine have pushed 165 million people into poverty since 2020, the United Nations said, calling for a pause in debt repayments for developing countries. Because of these shocks, 75 million people will have fallen into extreme poverty,...
FAB posts Q1 net profit of $1bn
Operating income increased by 51 percent year-on-year.
