Chronic underfunding over the past decade, and resultant severe austerity measures, mean UNRWA is already operating with a $75 million shortfall, putting its lifesaving programmes across the Middle East at risk. “As I address you today, I do not have the funds to keep our schools, health centres and other services running as of September,”…
Not only the entire family but also the children are severely affected by economic hardship. Photo: File Washington: A study has shown that regular financial support from the government or an organization to an extremely poor family promotes healthy brain development and reduces the risk of mental illness. The summary of the research of the…
Delivering remarks at a forum on reform held during the Spring Meetings of the International Monetary Fund (IMF) and the World Bank, she called for course correction now – the halfway point to achieve the goals by 2030. In recent years, developing countries have been battered by soaring energy and food costs, the climate emergency,…
Japan’s air defense systems, file photo Japan has announced a financial assistance plan to strengthen the defense of friendly countries. Japan’s Overseas Security Assistance (OSA) program will provide funds for defense purposes in friendly countries. On the other hand, the decades-long Overseas Development Assistance (ODA) program will continue to provide money for roads, dams and…
Photo Arab News A Saudi citizen and a foreigner were arrested on charges of financial fraud in the city of Riyadh, Saudi Arabia. According to the Arab media, the suspects are accused of stealing 1 million Rials. The public prosecutor says that the arrested accused had established a fake online company together, the accused had…
British Chancellor Jeremy Hunt has presented the budget for the new fiscal year, the price cap scheme of 2500 pounds per year of energy bills has been extended for three months. Jeremy Hunt said that £11 billion will be spent on the defense budget over the next five years. He said that under the pre-payment…
The Saudi Crown Prince promised Marley aid in a telephone conversation with the Ukrainian President last year; Photo: Reuters Cafe: Saudi Foreign Minister Prince Faisal bin Farhan arrived on a visit to Ukraine, where he conveyed the message of Crown Prince Mohammed bin Salman in a meeting with President Volodymyr Zelensky and discussed bilateral relations,…
Ibrahim Bazi, file photo courtesy of Social Media The main accused of financing the Lebanese armed organization Hezbollah was detained in Romania. 58-year-old Mohamed Ibrahim Bazi, a citizen of Lebanon and Belgium, was arrested in Bucharest. Ibrahim Bazi was declared a global terrorist by the United States in 2018, a reward of one million dollars…
Saudi Arabia has indicated that it will not give financial aid without any conditions in the future. In an interview with a foreign news agency, the Minister of Finance of Saudi Arabia, Muhammad Al-Jadaan, said that Saudi Arabia gives direct grants and deposits without any conditions, but this policy is now is being changed. Now,…
