Israeli forces kill 2 Palestinians in raid on West Bank refugee camp News

GAZA STRIP: Prospects for an Israel-Hamas ceasefire dimmed on Sunday after the US signaled it would veto the latest push for a UN Security Council resolution and mediator Qatar acknowledged that separate truce talks have hit an impasse. Efforts to pause the over four-month-old war languish as Israeli Prime Minister Benjamin Netanyahu vowed to reject international … Read more

Who’s Who: Sultan Al-Hamidi, CEO of the Social Development Bank News

Sultan Al-Hamidi was recently appointed CEO of the Social Development Bank. Upon accepting his new role, Al-Hamidi thanked the chairman and board members for their confidence in him. He also paid tribute to his predecessor, Ibrahim Al-Rashed, for his significant contributions and forward-thinking initiatives that have markedly advanced the SDB’s mission. “Today, alongside my dedicated … Read more

Fear pervades West Bank hospital after deadly Israeli raid News

DUBAI: When the COVID-19 pandemic was declared in March 2020, governments worldwide were caught off guard. Having faced no health emergency of this magnitude in generations, states were left scrambling to protect their populations and shield their economies. Now that life has largely returned to normal following years of social distancing, travel controls and trade … Read more

In Gaza’s shadow, sanctions target West Bank settlers News

KIRYAT ARBA, Palestinian Territories: Israeli settler Ely Federman probably doesn’t know it yet, but he is under international sanction. While he is at war for Israel in Gaza, Britain has frozen his assets in the United Kingdom as part of a rare move targeting violent Israeli settlers. On Monday Britain announced the sanctions, which include … Read more

India’s opposition says bank accounts frozen ahead of election News

NEW DELHI: India’s main opposition party said Friday that its bank accounts had been frozen by the tax department just weeks before the expected announcement of national elections. Critics and rights groups have accused Prime Minister Narendra Modi’s government of using law enforcement agencies to selectively target its political foes. Congress spokesman Ajay Maken said … Read more

US investigators visit homes of two Palestinian-American teens killed in the West Bank News

What the intensifying US-Iran proxy war means for crisis-wracked Syria, Lebanon, Iraq and Yemen LONDON: Israel’s military offensive in the Gaza Strip has spilled over into neighboring countries and sent shockwaves across the wider region, transforming Syria, Lebanon, Iraq and Yemen into battlefields in an escalating proxy war between the US and Iran. This mounting … Read more

ITFC, Asia Alliance Bank ink $10m deal to boost private sector in Uzbekistan News

RIYADH: Saudi-based International Islamic Trade Finance Corp. has signed a $10 million agreement with the Asia Alliance Bank to bolster trade funds for Uzbekistan’s private sector. As part of the deal, the corporation will provide a $10 million financing arrangement to address trade budget needs, prioritizing small and medium-sized enterprises.

US sanctions Iran Central Bank subsidiary for US tech procurement and violating export rules News

WASHINGTON: The US on Wednesday imposed sanctions on three people and four firms — across Iran, the United Arab Emirates and Turkiye — for allegedly helping to export goods and technology purchased from US companies to Iran and the nation’s central bank. Treasury’s Office of Foreign Assets Control said the procurement network transferred US technology … Read more

UK announces sanctions on four ‘extremist settlers’ in West Bank News

LONDON: Britain on Monday announced sanctions on four “extremist Israeli settlers” accused of committing human rights abuses against Palestinians in the West Bank, following a similar move by the United States earlier this month. The curbs follow what the UK called “unprecedented levels of violence by extremist settlers in the West Bank” over the past … Read more

Islamic Development Bank and Azerbaijan sign financing framework deal News

RIYADH: Saudi Arabia’s Islamic Development Bank is set to provide a financing framework for Azerbaijan through a new agreement.  The IsDB and the country’s Ministry of Economy signed a memorandum of understanding to establish a cooperative funding structure to potentially strengthen the bank’s support for Azerbaijan’s social and economic development, according to a release by … Read more