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Since COVID-19 pandemic, IMF supported more than 50 low-income countries with over $24 bn in interest-free loans

The Executive Board of the International Monetary Fund (IMF) reviewed on Friday the resource adequacy of the Poverty Reduction and Growth Trust (PRGT), Resilience and Sustainability Trust (RST), and Debt Relief Trusts including the Catastrophe Containment and Relief Trust (CCRT). The PRGT is the Fund’s main vehicle for providing concessional loans (currently at zero interest rates) …

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Dubai Court of Appeal rules Gupta brothers cannot be extradited to South Africa due to insufficient legal documentation

Abdullah bin Sultan bin Awad Al Nuaimi, UAE Minister of Justice, held a phone call with Ronald Lamola, Minister of Justice and Correctional Services of the Republic of South Africa, to discuss the ruling on the extradition request concerning Atul and Rajesh Gupta. The Dubai Court of Appeal issued its …

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UAE participates in Arab League extraordinary meeting to discuss Israeli police forces’ storming of Al-Aqsa Mosque

The United Arab Emirates has participated in an extraordinary meeting of the Arab League, held at the headquarters of the General Secretariat in Cairo at the level of permanent delegates, to take a unified Arab stance against Israeli police forces’ storming of Al-Aqsa Mosque and the attack on worshippers. The …

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