Agency

Fitch cuts Venezuela debt rating

Washington - Muslimchronicle

The Fitch ratings agency said Friday it has cut the rating on Venezuela's foreign debt after the government called for a creditors meeting to renegotiate a debt load estimated at $150 billion. Fitch cut the debt grade to "C" from "CC" based on the announcement and on "previously missed payments" which "makes a default event highly probable," the company saidRead more

Kuwait’s ruler reappoints PM: state news agency

Dubai - Muslimchronicle

Kuwait’s ruler reappointed his prime minister on Wednesday and asked him to form a cabinet, the official state news agency said on Wednesday, after the government stepped down earlier this week in an expected cabinet reshuffle. The major oil producer has the oldest legislature among the Gulf Arab states and experiences frequent cabinet resignations amid tensions between the government andRead more

SAMA governor: Real GDP growth of 1.7% during 2016

Jeddah - Muslimchronicle

The governor of the Saudi Arabian Monetary Agency (SAMA) said that data show real gross domestic product (GDP) growth of 1.7 percent during 2016 compared to a growth rate of 3.5 percent in the previous year. Saudi Arabian Monetary Agency Governor Dr. Ahmed Al-Khulaifi held a press conference on Wednesday at SAMA headquarters in Riyadh to highlight its 53rd annualRead more

WAM adds six languages to its service

Abu Dhabi - Muslimchronicle

The United Emirates News Agency (WAM) has recently announced the upgrading of its news services to cover six key global languages in addition to already existing Arabic and English. The launch of the revised web presence comes as part of efforts to further reinforce the UAE’s positive image and communicate its achievements internationally, while communicating the country’s message of moderationRead more

PKK Attack Kills 2 Troops in Southeastern Turkey

Ankara - Arab Today

Two Turkish soldiers were killed Friday in a PKK attack in the southeastern province of Sirnak, a security source said according to Anadolu Agency. Two other soldiers were wounded when the assailants launched an attack on Andac gendarme command in Uludere district, the source added. The injured personnel were airlifted to the hospital via a military helicopter, while an operationRead more

Saudi Shura Council Speaker Meets Russian Official

Riyadh - Arab Today

Speaker of the Saudi Majlis Al-Shura, Sheikh Dr. Abdullah bin Mohammed bin Ibrahim Al-Sheikh, held here Sunady a meeting with the Chairman of the Federal Assembly of the Russian Federation Valentina Matviyenko, currently visiting Riyadh, Saudi Press Agency (SPA) reported. During the meeting, they discussed bilateral relations, as well as cooperation between the two countries, especially in the parliamentary field. Read more

Turkish Election Board Chief Denies Voting Irregularities

Ankara - Arab Today

The voting papers and envelopes that were claimed to be void and disputed in the Turkish referendum were made by the Supreme Election Board (YSK) and are real and legitimate, YSK chairman Sadi Guven said according to Anadolu Agency. Addressing a news conference in Ankara, Guven defended the decision to allow votes that did not bear official seals to beRead more

One Killed in Blast at Southeastern Turkish Security Facility

Ankara - Arab Today

A man was killed in an explosion that hit the provincial security directorate's maintenance facility in southeastern Turkish province of Diyarbakir on Tuesday, the regional governor's office said according to Anadolu Agency. A civilian staff member succumbed to his wounds at a hospital, the office said in a statement. The blast occurred as an armored vehicle was undergoing repairs inRead more

Scopes of joint cooperation between Sudan and UK Aid Agency discussed

Khartoum - SUNA

Minister of International Cooperation, Osman Wach discussed with the visiting British delegation, led by the Regional Director of UK Aid Agency at British Foreign Ministry, Donald Brown areas of joint cooperation with the British Agency. Wach said in press statements that the meeting discussed a host of issues, top of which is writing off Sudan's debts and fighting poverty. TheRead more

Qatar Contributes to Finance Renovation of International Atomic Energy Agency Laboratories

Vienna - Arab Today

HE Qatar's Ambassador to Austria and Permanent Representative to the International Organizations in Vienna Sheikh Ali bin Jassim Al-Thani has met with the Director General of International Atomic Energy Agency (IAEA) Yukiya Amano and his Deputy for Nuclear Sciences and Applications Aldo Malavasi. During the meeting, HE Sheikh Ali bin Jassim Al-Thani handed over to Amano a cheque of 300Read more