Recent Posts

Vietnam destroys huge ivory, rhino horn cache

  Hanoi / AFP Vietnam destroyed a huge stockpile of ivory and rhino horn on Saturday, urging the public to stop consuming illegal wildlife products driving several species towards extinction. The ivory and rhino horn trade is officially banned in Vietnam, but its use in traditional medicine and for decoration remains widespread, especially among the communist country’s growing elite. It ...

Read More »

Government austerity tops Kuwait poll campaign

  AFP Candidates in Kuwait’s parliamentary elections have focused their campaigns on unpopular government austerity measures as the oil-dependent Gulf country faces financial stress due to low crude prices. Kuwait, which sits on around seven percent of the world’s proven crude reserves, has resorted to a series of measures to cut spending and boost non-oil revenues in a bid to ...

Read More »

IMF approves $12bn loan to support Egypt economy

  AFP The International Monetary Fund approved a three-year, $12 billion loan for Egypt to help the country recover from its economic crisis amid soaring inflation and deficits. The IMF executive board said it would release $2.75 billion to Egypt immediately, while further disbursements will depend on the country’s economic performance and agreed milestones in implementing the reforms. The program ...

Read More »
Send this to a friend