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World shares fall on banking turmoil, recession worries
Shares fell Friday in Europe and Asia as worries flared over turmoil in the banking sector and potentially worsening risks of recession, according to the Associated Press.
European benchmarks sank as shares in Deutsche Bank plunged more…
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US Commerce Department adds 14 Chinese firms to red flag list
The Biden administration on Thursday added 14 Chinese companies to a red flag list, forcing US exporters to conduct greater due diligence before shipping goods to them because US officials have been unable to inspect the listed entities.…
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US charges Korean crypto fugitive after reported arrest in Montenegro
Fugitive South Korean cryptocurrency entrepreneur Do Kwon, accused of orchestrating a multi-billion-dollar fraud that shook global crypto markets last year, has been arrested in Montenegro and faces fresh criminal charges in the United…
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World Bank Group launches new partnership framework for Egypt
The World Bank Group’s board of executive directors on Wednesday approved a new Country Partnership Framework for Egypt, which lays out a strategy in the country for 2023–2027, Emirates News Agency reported.
The new CPF is in line with…
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Situation in Lebanon is ‘very dangerous,’ IMF warns
“Lebanon is in a very dangerous situation,” the International Monetary Fund warned on Thursday, a year after authorities in the country committed to a program of reforms they have failed to implement.
The financial agency urged “the…
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Saudi Venture Capital launches $80m Saudi fintech fund
Saudi Arabia’s booming fintech sector is set to be boosted by an $80 million investment fund launched by Saudi Venture Capital Co..
The ‘Investment in Fintech VC Fund’ was launched in partnership with Saudi Arabia’s Capital Market…
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IMF staff reaches agreement with Ukraine for $15.6bn program
The International Monetary Fund has reached a staff-level agreement with Ukraine for a four-year financing package worth about $15.6 billion, offering funds the country needs as it continues to defend against Russia’s invasion, according to…
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TotalEnergies awaits solution on $27bn Iraq energy deal: CEO
The stalled agreement between Iraq and TotalEnergies over a $27 billion energy project has yet to find a resolution, the French oil major's Chief Executive Patrick Pouyanne said at the firm's climate update on Tuesday.
TotalEnergies…
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Lebanon to construct new terminal at Beirut airport
Lebanon will construct a $122 million terminal at Beirut’s Rafik Hariri International Airport to be operated by a leading Irish airport company when it’s completed in four years, officials said Monday.
Lebanon’s only international…
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Iraq is committed to OPEC’s production cut, says minister
Iraq is committed to maintaining its 220,000 barrel per day oil output cut in line with its quota under the latest OPEC+ agreement, Iraqi Oil Minister Hayan Abdel-Ghani said on Sunday.
The country is also ready to increase production if…
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