IsDB leads multilateral development banks group in $300-$400bn lending boost target RIYADH: A group of elite financial institutions, led by the Islamic Development Bank, is aiming to increase its lending margin by $300-$400 billion over the next decade to reduce global inequalities. The announcement came after presidents of ten multilateral development banks met in Washington, D.C., to … Read more
RIYADH: Riyadh’s Merwas, considered the biggest art and entertainment factory globally, is proving to be one of Saudi Arabia’s greatest music industry assets. Nada Al-Tuwaijri, co-founder and CEO of Merwas, told Arab News that the facility, which holds the Guinness World Record for the largest music production studio, “is home to all artists.” She added: … Read more
How the life and death of Walid Daqqah in an Israeli jail encapsulates Palestinian Prisoners’ Day LONDON: When he was arrested by Israeli forces on March 25, 1986, Walid Daqqah was just 24 years old. When he died of cancer on April 7 this year, aged 62 and still a prisoner, he had spent all … Read more
NEW YORK: Iran has on Sunday said that it has no intention of engaging militarily with the US in the region, but if the latter initiates a military operation against it, its citizens, or security interests “Iran will use its inherent right to respond proportionately.” Iran’s permanent representative to the UN Amir Saeid Iravani told … Read more
BANDE DE GAZA, Palestinian Territories: Senior figures from Hamas and Yemen’s Houthi rebels held a rare meeting to discuss coordinating their actions against Israel, Palestinian factional sources told AFP on Friday. Hamas and the Houthis belong to the “axis of resistance,” a collection of Iran-backed movements hostile to Israel and the United States that also … Read more
ISTANBUL: Top Turkish officials including the foreign minister and intelligence chief will attend a security meeting in Iraq on Thursday, a Turkish ministry spokesman said. Turkiye’s Foreign Minister Hakan Fidan, Defense Minister Yasar Guler and spy chief Ibrahim Kalin will all attend the meeting in Baghdad, spokesman Oncu Keceli told reporters Wednesday. Turkiye often carries … Read more
Biden’s budget proposal for a second term offers tax breaks for families and lower health care costs MANCHESTER, N.H.: President Joe Biden on Monday released a budget proposal aimed at getting voters’ attention: It would offer tax breaks for families, lower health care costs, smaller deficits and higher taxes on the wealthy and corporations.Unlikely to … Read more
Jeddah: The Organization of Islamic Cooperation will hold an extraordinary meeting of its Council of Foreign Ministers to discuss the continuing Israeli aggression against the Palestinian people. The session will be held at the headquarters of the OIC in Jeddah on Tuesday, the Saudi Press Agency reported.
SAO PAULO: The meeting of G20 finance ministers and central bank governors that took place in Brazil on Feb. 28-29 could not be concluded with a joint statement as there was no consensus over the conflicts in Ukraine and Gaza. But many of the leaders who attended shared similar concerns regarding the topics suggested as … Read more
LONDON: The House of Saud took the first steps on the long road to nationhood in 1727, when Imam Mohammed bin Saud succeeded his cousin, Zaid bin Markhan, as ruler of the city state of Diriyah. It is this pivotal moment, recognized as the date when the First Saudi State came into being, that is … Read more