Pakistan has banned imports of all non-essential luxury goods in order to stabilize its fragile economy, the minister of information said, calling the situation an economic emergency. Its current account deficit is spiraling out of control, while its foreign exchange reserves have plummeted, and its rupee is at historic lows against the dollar. An absolute ban has been imposed on the importation of all luxury items not used by the general public. These steps are to address fiscal instability, which was blamed on former Prime Minister Imran Khan, who was ousted in a no-confidence vote last month over charges of…
Author: menewscast.com
Abdullah bin Touq Al Marri, the UAE Minister of Economy, praised the deep-rooted and historic relationship between the UAE and India, which culminated in the signing of the Comprehensive Economic Partnership Agreement (CEPA). This statement was made during a high-level Emirati delegation’s visit to India after the CEPA entered into force on 1st May 2022. Bin Touq headed the delegation, which also included Dr. Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and SMEs, and several Emirati officials and investors. The objective of Bin Touq’s visit is to develop collaborative initiatives and projects with Indian partners to promote trade,…
His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE has ordered AED35 million of urgent humanitarian aid to Somalia to support its development efforts. Sheikh Mohamed’s directive to provide assistance is part of the fraternal relations between the two countries. This initiative highlights the UAE’s desire to support friendly countries, and its efforts to develop its bilateral relations with Somalia. In its initiative, the UAE hopes to meet the needs of the Somali people in various developmental areas. This will help improve the living conditions of the Somali people and strengthen the government’s ability to deal with…
UAE Tourism Council Chairman Dr. Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and Small and Medium Businesses, announced that the country’s tourism sector achieved a key growth milestone in Q1 2022, highlighting its competitiveness at both the regional and global levels. The sector’s recent achievement can be attributed to the UAE’s wise leadership and unlimited support for this vital sector. This sector is regarded as one of the future sectors and a key focus in the UAE’s development vision for the next 50 years. According to the Minister, the national tourism sector grew faster in the first quarter…
Jordan and the European Union on Wednesday co-chaired the 5th ministerial meeting of the Union for the Mediterranean (UfM) on employment and work, hosted by Morocco. Jordan’s representative, Minister of Labor Nayef Istitieh, said that the 2-day ministerial meeting focused on employment and employability of the most vulnerable, especially among youth and women. He said the ministers focused on exchanging best practices for recovering from the COVID-19 crisis and discussing the most pressing labor market challenges in the Euro-Mediterranean region. As a result of the persisting negative effects of COVID-19, it is becoming more and more challenging for all countries…
Saudi Arabia’s Minister of Industry and Mineral Resources and Chairman of the Saudi Industrial Development Fund (SIDF), Bandar Al-Khorayef, highlighted the importance of the automotive industry in the country because it is among the complicated industries contributing to the development of supply chains for several products, noting the country targets to produce more than 300,000 cars per year by 2030. Al-Khorayef, speaking at a ceremony to lay the foundation stone for Lucid Motors at King Abdullah Economic City in Rabigh, noted that Saudi Arabia will produce cars to meet local demand and export them to the world. The volume of…
Iraqi Foreign Minister Fuad Hussein called for a joint conference to include countries that suffered from genocide. The Iraqi Ministry of Foreign Affairs said in a statement that Fuad Hussein met with the Under-Secretary-General of the United Nations and Genocide Prevention Special Adviser, Alice Nderitu, as the two sides discussed the latest regional and international developments, especially those related to genocide cases. In the statement, the Iraqi minister expressed Iraq’s support for the work of the United Nations Assistance Mission for Iraq (UNAMI), as well as the efforts of the UN Investigative Team to Promote Accountability for Crimes Committed by…
Visiting the United States of America, Saudi Arabia’s Deputy Defense Minister, Prince Khalid bin Salman bin Abdulaziz, spoke with US Defense Secretary Lloyd Austin in Washington. As part of the meeting, the two friendly countries reviewed the Saudi-US partnership and aspects of strategic cooperation in the existing and future military and defense fields. Kingdom of Saudi Arabia appreciates the close collaboration between the two defense ministries. It also appreciates the efforts of US Defense Secretary Lloyd Austin to promote them in a way that enhances security and peace between the two countries. Under Secretary of Defense for Policy Dr. Colin…
It has been reported that authorities in Daraa province found around 25 kilograms of narcotics hashish in a house that was abandoned by its inhabitants. This house was located in the town of Kafr Shams in the province’s northern countryside. It is reported that a source at the police told a media reporter that the seizure was conducted as a result of efforts made by the police to combat the drug phenomenon, along with the help of the authorities in the local area. In Kafr Shams town, a patrol of local police managed to seize narcotic hashish weighing about 25…
Zayed bin Rashid Al Zayani, Bahrain’s Minister of Industry, Commerce, and Tourism, and Chairman of BTEA’s Board of Directors met with Oman’s Minister of Heritage and Tourism, Salim bin Mohammed Al Mahrouqi. An overview of Bahraini-Omani tourism relations was discussed during the meeting. Al Zayani emphasized the importance of these meetings in enriching the tourism market in GCC countries, attracting international tourism markets, and initiating inter-tourism. As part of the discussion, the parties highlighted the joint Gulf action process in tourism and heritage promotion and investment, as well as Bahrain’s tourism strategy 2022-2026 to expand tourism work regionally and globally.