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
At Bangladesh’s OIC campus, international students recreate Eid atmosphere of home DHAKA: Hundreds of international students at an Organization of Islamic Cooperation campus in Bangladesh observed Eid Al-Fitr on Thursday, trying to recreate their celebrations at home and share a bit of their respective cultures with friends. A subsidiary of the OIC, the Islamic University … Read more
BAGHDAD: Iraq is using a period of relative stability to assert more control over the autonomous Kurdistan region that has long had fraught relations with federal authorities, analysts and politicians say. Long-simmering disputes between Baghdad and Irbil, the capital of the northern region, came to a head recently after several Supreme Court rulings that the … Read more
LONDON: Continuing Houthi attacks on shipping in the Red Sea are “misplaced, reckless and indiscriminate,” the US special envoy for Yemen said on Wednesday during a briefing attended by Arab News. Timothy Lenderking added that the Houthis’ activities are harming both ordinary Yemenis and Palestinians, who they claim to be acting in support of. In … Read more
JEDDAH: Saudi Arabia’s Cabinet on Tuesday agreed that the state will bear the costs of relocation and change of status for displaced persons from neighboring countries who are granted permission to live in the Kingdom. Authorities will pay fees relating to residency, work permits, changes of employment and employer, service transfer fees, profession amendment fees, … Read more
DHAKA: Sharfuddoula Ibne Shahid said on Thursday it was a “great honor” to be named the first Bangladeshi to join the International Cricket Council’s Elite Panel of umpires. Sharfuddoula, 47, who last year became the first umpire from Bangladesh to take charge of a World Cup match, had been on the international panel since 2006. … Read more
JEDDAH: The United States has circulated a draft UN Security Council resolution calling for an “immediate ceasefire linked to the release of hostages” in the Gaza Strip, Secretary of State Antony Blinken said. The diplomat made his announcement while on a tour of the Middle East that will include a stop in Israel. Key Israel … Read more
Alicia Keys, Pharrell Williams and Martin Garrix shine at Saudi Arabian Grand Prix concert JEDDAH: The Saudi Arabian Grand Prix, known for its speed, glamour, and adrenaline-pumping Formula One action, is not just a platform for F1 excitement but also a magnet for international performers. The post-race concert on Saturday saw the likes of Alicia … Read more
RIYADH: The Qiddiya megaproject in Riyadh is set to build one of the world’s most innovative motorsport tracks in a bid to make the Kingdom a top global racing destination. The configurable Speed Park Track will be located in the center of Qiddiya City, the board of directors of the Qiddiya Investment Co. announced on … Read more
RIYADH: Economic development, conflict resolution, and future resilience are all rooted in cross-border human capital readiness, a panel of experts claimed during the Human Capability Initiative in Riyadh. As the global community grapples with an ever-growing climate crisis, geopolitical tensions, and an imminent “fourth” industrial revolution, Saudi Arabia’s Permanent Representative to the EU, Haifa Al-Jedea, … Read more