Pakistan pushes to forge strategic, economic partnership as Saudi FM visits Islamabad ISLAMABAD: Pakistani top leaders, including the prime minister, president and foreign minister, said on Tuesday the ongoing visit of Saudi Foreign Minister Prince Faisal bin Farhan to Islamabad would help transform a longstanding friendship between the two nations into a strategic and commercial … Read more
Pakistan pushes to forge strategic, economic partnership as Saudi FM visits Islamabad ISLAMABAD: Pakistani top leaders, including the prime minister, president and foreign minister, said on Tuesday the ongoing visit of Saudi Foreign Minister Prince Faisal bin Farhan to Islamabad would help transform a longstanding friendship between the two nations into a strategic and commercial … Read more
CAIRO: The International Monetary Fund will tie payments to Egypt under an $8 billion financial program to Cairo’s letting market conditions determine the price of its currency and its making foreign exchange available to businesses and private individuals, the IMF said on Monday. Egypt, which signed the loan agreement on March 6, will have immediate … Read more
CAIRO: Egypt received approval on Friday from the International Monetary Fund’s executive board for an expanded, $8 billion financial support program that enables the immediate release of $820 million, the IMF said in a statement.
WASHINGTON: The International Monetary Fund’s executive board on Thursday approved a third review of Ukraine’s $15.6 billion loan program, allowing the release of $880 million for budget support and bringing total disbursements to $5.4 billion, the IMF said.
Saudi Ministry of Industry launches advanced license to support construction investors RIYADH: Investors in Saudi Arabia will benefit from a new license aimed at reducing the bureaucracy involved in getting construction projects off the ground. According to a statement, the Ministry of Industry and Mineral Resources inaugurated the new service, which provides documents in accordance … Read more
From sand dunes to melting glaciers, Saudi Arabia’s Princess Abeer shares lessons from her Antarctic expedition RIYADH: Princess Abeer bint Saud bin Farhan Al-Saud recently became the first person from Saudi Arabia and the wider Gulf region to go on a research expedition to the remotest parts of the Antarctic continent. In November, the princess … Read more
AI will drive efficiency amid global economic slowdown, leading financiers tell FII Priority Summit MIAMI: The chiefs of four of the world’s leading corporations stressed on Thursday, during the first day of the Future Investment Initiative Miami Summit, that while artificial intelligence has the potential to drive higher investment and economic growth across the world … Read more
CAIRO: Venture capitals focused on the Middle East and North Africa region have successfully refueled their tanks with multiple firms attracting new investments. Female-led Lebanon-based Globivest announced its first closing for an undisclosed sum in its venture capital firm. Reaching two-thirds of its target of $25 million to $30 million, the investment marks a significant milestone … Read more
LONDON: Burnley signed Chelsea’s Ivory Coast forward David Datro Fofana on loan until the end of the season on Saturday. Fofana is Burnley’s first signing of the January window as the Clarets battle to avoid relegation from the Premier League. The 21-year-old was in the stands at Turf Moor on Friday to watch Burnley’s 1-1 … Read more