RIYADH: Gulf Cooperation Council central banks have held interest rates steady for the sixth time as the US Federal Reserve keeps its benchmark level between 5.25 percent and 5.50 percent. As most currencies in the region are pegged to the US dollar, monetary policy follows the decisions taken in Washington, with policymakers opting to lock the rate at the level it has been since July. The freeze comes as the rate-setting panel cites “a lack of further progress toward the...
MANILA: The Philippine tourism sector is shifting to promote the country as a medical and wellness destination, expanding beyond its recreational profile to attract more visitors from the Middle East. More than 2 million international travelers visited the Philippines since the beginning of the year, with receipts between January and April reaching $2.7 billion. This data, the Department of Tourism said last week, was a 120 percent recovery rate from the same period in 2019 — before...
RIYADH: Member nations of the Gulf Cooperation Council can play a pivotal role in developing African economies, a special meeting of the World Economic Forum in Riyadh was told on Sunday. Economic relations between Africa and the GCC are set to grow significantly in the coming years, economists have said, driven by mutual interests in economic diversification, investment and sustainable development. Denis Christel Sassou Nguesso, the Republic of Congo’s international cooperation...
ISLAMABAD: Prime Minister Shehbaz Sharif on Monday called on the international community to join hands and strive to be “ecologically more conscious” as Pakistan joins the world in commemorating Earth Day today. Earth Day is an annual celebration on April 22 that honors the achievements of environmental movements and raises awareness of the need to protect Earth’s natural resources for future generations. The day serves as a platform to highlight various environmental issues, such as...
ISLAMABAD: Prime Minister Shehbaz Sharif on Monday called on the international community to join hands and strive to be “ecologically more conscious” as Pakistan joins the world in commemorating Earth Day today. Earth Day is an annual celebration on April 22 that honors the achievements of environmental movements and raises awareness of the need to protect Earth’s natural resources for future generations. The day serves as a platform to highlight various environmental issues, such as...