- VIENNA, AUSTRIA – The OPEC Fund for International Development (OPEC Fund) is extending a US$50 million loan to Türkiye to support the agricultural and food production sectors, prioritizing 11 cities hit by the devastating earthquakes of February 2023. The Development and Investment Bank of Türkiye (TKYB) will on-lend the funds...
UAE reaffirms support to workers’ rights
The UAE has reaffirmed its support for workers' rights on the Workers' International Day. Dr. Abdulrahman Al Awar, Minister of Human Resources and Emiratisation, has hailed the UAE leadership's unwavering support for the labour market by endorsing legislation conducive to enhancing the elasticity, resilience and sustainability of the labour market...Pakistan and Saudi Arabia to discuss extending term of $3 bn loan
The latest sign of support follows a visit to Saudi Arabia by new Prime Minister Shahbaz Sharif, who has inherited a crippling national debt, galloping inflation and a feeble rupee.Saudi Arabia pledges support to Lebanon in ‘tough times’
The Saudi ambassador to Lebanon, Waleed Al-Bukhari, has pledged the kingdom's support to Lebanon and its people during 'tough times.' The Lebanese presidency said in a statement that the Saudi diplomat's remarks came during his visit to the Lebanese President Michel Aoun in Baabda Palace earlier today. Al-Bukhari briefed President...Jordan, US discuss ways to enhance strategic partnership
Jordan’s Deputy Prime Minister Ayman Safadi and US Secretary of State Antony Blinken discussed the new MoU for the strategic partnership between the two countries.Iran says Houthi ceasefire plan can end Yemen conflict
Iran offered its support on Tuesday for a ceasefire plan put forward by rebels it backs in Yemen's war, saying it could be an "appropriate platform" for ending the conflict. The offer came a day after the insurgents fired on 16 targets inside Saudi Arabia.Saudi Arabia supports SMEs with $80bn cash injection
In order to protect SMEs from economic recession, Saudi Arabia provided more than $80 billion in support to the businesses, according to the head of the authority known as Monshaat.US pledges $99 million to cash-strapped UNRWA
Last week, a top UNRWA official said long-running budget shortfalls had forced the agency to introduce austerity measures.OIC says Afghanistan needs full support of member states
The OIC has said its members as well as non-members need to organize and implement an immediate humanitarian assistance plan for Afghanistan.IMF examines Lebanon’s financial losses before aid program
Disagreements over the size of the losses between Lebanon's government, central bank, and banking sector contributed to the collapse last year of negotiations with the fund over a new loan program, which is seen as essential to the country's efforts to emerge from a severe economic slump.Syria approves $5bn budget for 2022 as economic crisis hits finances
Syrian lawmakers have approved a draft budget for 2022 of $5.3 billion, down from $6.8 billion this year, as a spiraling economic crisis hits public finances and threatens subsidies on essential goods. A decade of war, Western sanctions and the coronavirus pandemic have devastated the Syrian economy, pushing most of...Israel weathers criticism to host Miss Universe finale
Women from 80 countries vied for the Miss Universe crown in the Israeli city of Eilat on Sunday, with several contestants defying pressure to boycott in support of the Palestinians.Egypt pledges support to Lebanon after Sisi-Mikati meeting
Egypt has pledged support to Lebanon "at all levels" and stressed that it needs "political accord" to reawaken from the setbacks it has been experiencing and "for it to return to the beacon of the Arabs". Local media reports said that during his meeting with the visiting Lebanese Prime Minister...Iraq’s Sadr must work with pro-Iran groups to choose PM
Firebrand cleric Moqtada Sadr may be Iraq's big election winner but he will still have to haggle with his opponents, linked to armed pro-Iranian groups, to forge a new government.UN desires digital equality for young and old
To mark the International Day of Older Persons, the United Nations has called for digital equality to be applied to all sections of the world population no matter what the age of a person.UAE residents got $91.4 billion in personal loans
Gross credit, which includes which includes loans to residents and non-residents and non-banking financial institutions up by 0.9 percent compared to March.UAE says it supports oil production increase in Aug
Seeks the OPEC+ decision to extend global supply pact deferred to another meeting OPEC's Joint Ministerial Monitoring Committee (JMMC) makes production hike conditional to the extension of the agreement The UAE said on Sunday it supports an increase in oil production in August and proposed that OPEC+'s decision on...Egypt to support stability in Libya as it prepares to hold elections
President Sisi called Libyan institutions to fulfill their national duty Egypt, Libya discussed how to strengthen cooperation and support the political process in the war-torn country Egypt has reiterated its support for the Libyan government as the latter prepares to hold elections by the end of the year expected...



















