Boris Johnson is considering bringing Margaret Thatcher’s right-to-buy scheme back to life by allowing people to buy the homes they rent from housing associations at a reduced price. Officials in the No 10 policy unit are working on the idea, which is intended to help “generation rent” and demonstrate the government’s commitment to Conservative principles … Read more
RIYADH: More than SR12 trillion ($3.2 trillion) is set to be ploughed into Saudi Arabia by 2030, as the kingdom seeks to diversify its economy away from the oil sector, Arab News quoted the minister of investment, as saying. Speaking at a forum in Riyadh in the wake of the 2022 budget announcement, Khalid Al-Falih … Read more
RIYADH: Members of the Organization of Arab Petroleum Exporting Countries held their annual meeting to discuss activating regional green initiatives, Arab News reported. OAPEC assigned its Executive Office to coordinate with Saudi Arabia and work with member states as part of the Middle East Green Initiative launched by Crown Prince Mohammed bin Salman in March. Saudi Energy … Read more
The Asia-Pacific Group on Money Laundering (APG) said that Pakistan’s ranking has improved on 4 out of 40 technical recommendations of the Financial Action Task Force (FATF) on Money Laundering and Terror Financing (AML / CFT). According to the report, the APG said that Pakistan has 35 recommendations, most of which have been complied with. … Read more
LAHORE: The second plenary meeting of the Financial Action Task Force (FATF) on June 25, 2021, was a significant day for Pakistan, as the government had high hopes of coming out of the grey list. However, despite the appreciation by the FATF, Pakistan’s significant progress for complying with 26 of the 27 action items initially … Read more
French police raid the homes of senior government and health officials to investigate into their handling of the coronavirus pandemic. Health Minister Olivier Véran and director of the national health agency, Jérôme Salomon’s homes were searched on Thursday, 15th October. It was after the court launched an inquiry earlier this year into the handling of … Read more
Prime Minister Kuwait submitted his resignation on November 14 along with his Cabinet, amid infighting between ministers and criticism of their performance. According to foreign news agency, Kuwaiti PM Sheikh Jaber al-Mubarak Al-Sabah submitted the resignation of the Cabinet to the emir, in order to allow for a Cabinet reshuffle. The resignation came after Kuwaiti … Read more
