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
Biden avoids further Mideast spiral as Iran, Israel show restraint but for how long? WASHINGTON: President Joe Biden can breathe a bit easier, at least for the moment, now that Israel and Iran appear to have stepped back from the brink of tipping the Middle East into all-out war. Israel’s retaliatory strikes on Iran and … Read more
KYIV: Ukraine launched a barrage of drones across Russia overnight, the Defense Ministry in Moscow said Saturday, in attacks that appeared to target the country’s energy infrastructure.
AHMEDABAD, India: Hindu nationalism, once a fringe ideology in India, is now mainstream. Nobody has done more to advance this cause than Prime Minister Narendra Modi, one of India’s most beloved and polarizing political leaders.
RIYADH: In a bid to add impetus to the adoption of clean energy sources worldwide, Saudi utility firm ACWA Power has signed a deal with the International Renewable Energy Agency, said a press release issued on Thursday. The Saudi-listed firm said that the partnership aligns with its mission to provide sustainable energy solutions and seeks … 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
RIYADH: Carbon markets are set to play a pivotal role in achieving climate goals, with efforts from Saudi Arabia and the UAE, paving the way for a smooth energy transition. According to a new report from the International Energy Forum, carbon markets are capable of effectively lowering the costs associated with greenhouse gas removal by … Read more
MAZAR-I-SHARIF: His soldier son toured Afghanistan with insurgents in his crosshairs, but American traveler Oscar Wells has a different objective — sight-seeing promoted by the Taliban’s fledgling tourism sector. “It is a unique place, it touches my heart,” the 65-year-old Indiana farmer told AFP, praising “its magnificent mountains” with “people living in the old way.” … Read more
RIYADH: Saudi Arabia is emerging as a proactive leader, pioneering green initiatives to mitigate economic challenges posed by the transformation toward sustainability, according to the International Monetary Fund. A recent report by the IMF highlighted the intricate dynamics at play and underscored the Gulf Cooperation Council and Saudi Arabia’s strategic positioning in this evolving scenario. … Read more
MOSCOW: Russian President Vladimir Putin on Saturday vowed to punish those behind the “barbaric terrorist attack” on a Moscow concert hall that killed more than 130, saying four gunmen trying to flee to Ukraine had been arrested. Kyiv has strongly denied any connection, with Ukrainian President Volodymyr Zelensky accusing Putin of trying to shift the … Read more