The Latest Breaking News from Asharq Al-Awsat

World Bank Agrees $7 Bln Framework with Egypt

The World Bank approved a new country partnership framework (CPF) for Egypt for the financial years 2023-2027 providing the country with $7 billion in funds, the lender said on Wednesday. The CPF will entail $1 billion per year from the International Bank for Reconstruction and Development (IBRD) and about $2…

Asharq Al-Awsat · Mar 22, 2023

Doctors Expected to Testify in Gwyneth Paltrow’s Ski Trial

More witnesses are expected to testify on Wednesday in a trial about a 2016 ski crash between Gwyneth Paltrow and the retired Utah man suing her and claiming her recklessness left him with lasting injuries and brain damage. On the opening day of the trial, Paltrow and retired optometrist Terry…

Asharq Al-Awsat · Mar 22, 2023

Does Israeli Minister's Anti-Palestinian Statement Undermine Sharm el-Sheikh Understandings?

Egypt denounced the recent “inflammatory” statements of Israel's far-right Finance Minister Bezalel Smotrich on the Palestinian people, saying they undermined peace efforts. Last Sunday, Egyptian, Jordanian, Israeli, Palestinian, and US security officials and politicians met in Sharm el-Sheikh following Cairo's invitation to complete the understanding reached in Aqaba on Feb.

Asharq Al-Awsat · Mar 22, 2023

IMF, Ukraine Reach Staff Level Agreement on $15.6b 'EFF Arrangement'

The International Monetary Fund announced on Tuesday that it reached with Ukrainian authorities a staff have a staff-level agreement that would be supported by a new 48-month Extended Fund Facility (EFF) Arrangement. It said the EFF, with requested access of around $15.6 billion aims to support the Ukrainian authorities anchor…

Asharq Al-Awsat · Mar 22, 2023

Egypt Starts Experimental Production of Gold in the South

Egypt started experimental trials of the commercial production of gold in the area of Iqat in the south of the country, Petroleum and Mineral Resources Minister Tarek el-Molla has announced. In remarks on Tuesday, Mulla said that the site of Iqat, with a deposit of nearly 1.2 million ounces of…

Asharq Al-Awsat · Mar 22, 2023

UN, US Welcome Latest Prisoner Exchange Agreement in Yemen

The international community welcomed the latest prisoner exchange agreement reached between the legitimate Yemeni government and Iran-backed Houthi militias. The parties agreed to free 887 detainees and to meet again in May after 10 days of negotiations in Switzerland, the United Nations and the International Committee of the Red Cross…

Asharq Al-Awsat · Mar 22, 2023

UN: 26% of World Lacks Clean Drinking Water

A new report launched Tuesday on the eve of the first major UN conference on water in over 45 years says 26% of the world’s population doesn’t have access to safe drinking water and 46% lack access to basic sanitation. The UN World Water Development Report 2023 painted a stark…

Asharq Al-Awsat · Mar 22, 2023

Protests in Lebanon as Pound Hits New Low against Dollar

Protesters closed down major roads in parts of Lebanon on Tuesday after the Lebanese pound briefly hit a new low amid a historic economic crisis that seemingly has no end in sight. The Lebanese pound lost more than 15% of its value on Tuesday alone, tanking to more than 140,000…

Asharq Al-Awsat · Mar 22, 2023

Gaza Fisherman Tests Waters in Legal Fight Over Israeli Blockade

Gaza fisherman Jihad al-Hissi is used to rough waters but he now faces a new storm.

Asharq Al-Awsat · Mar 22, 2023

Killing of Kurds in Northern Syria Sparks Protests

Thousands of Kurds took to the streets of the earthquake-ravaged Syrian town of Jinderis on Tuesday to protest the killing of four men as they lit a fire to celebrate the Kurdish new year the night before. The attack on the Kurdish men rekindled tensions between Turkish-backed armed groups controlling…

Asharq Al-Awsat · Mar 22, 2023