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 Green bonds are the new thing to happen to world economy as the world is consistently and carefully moving towards sustainable climate solutions.  They are the new debt instrument to obtain financing for projects related to the climate or environment.  Egypt has become the first country in the MENA region to go ahead with offering first-ever green sovereign bonds. This is its contribution towards successful implementation of renewable energy projects to combat pollution.  Through Green bonds, companies will be able to use them as debt instruments to obtain financing for projects related to the climate or environment. This has been confirmed by Egypt’s Finance Ministry. Currently, the state used Credit Agricole, CIB and HSBC Holding banks are being roped in as structural advisors. Citigroup, Credit Agricole, Deutsche and HSBC banks have been hired as joint managers for the offering. According to Finance Minister Mohamed Maait, these green bonds are expected to incre...

  Mistreatment of Kurdish villagers are brought human rights activist to the streets of Turkey. There has also been news over torture and food poisoning. These claims have been made by three pro- Kurdish People’s Democratic Party (HDP) politicians. Members of Amnesty International meanwhile are demanding government investigate the circumstances in which two Kurds were thrown off a military helicopter. But the government has accused the HDP of having ties with the outlawed Kurdistan Workers Party (PKK) and that thousands of its members have been prosecuted for the same reason, including its leaders. The HDP denies such links. The PKK is designated a terrorist group by Turkey, the European Union and US. The news has come into being since the imprisonment of the HDP politicians, including Ayhan Bilgen who is mayor of Van province. They all fell sick after consuming food at the Ankara police headquarters. Both Kurds who are said to have fallen from the helicopter were aged 55 a...

  Slowly but with time countries are beginning to acknowledge Turkey’s dangerous motives in the region and with Syria’s foreign minister coming out and naming Turkey as the main sponsor of the terrorism, country’s will be more cautious in matters with Turkey. He blamed Turkey for being guilty for committing ‘war crimes and crimes against humanity’. He said this after Turkish people were denied entrance into Syrian land and Turkey retaliated by cutting off the water supply from this household.  On Saturday in a first-ever high level meeting, Walid al-Moallem said that the cutoff of water supply will threaten the lives of the civilians. It was a rare picture of the foreign minister speaking in a harsh and loud tone while addressing the issue. It was a pre-recorded speech that was being played in the UN General Assembly meeting held virtually due to Covid-19 Pandemic. Turkey has established itself as a notorious element in Syria which is seen supporting the opposition fight...

  The United States has tremendous power and those considered as its allies will avail the benefits of it. As it considers making Qatar an ally, concerns about Doha’s activities in the Middle East region grows. Doha has not exactly been beneficial for the Arab world considering its links and support to the terrorism. It is a well established fact that Qatar not only holds ties with Muslim Brotherhood but also funds the organization and its various branches. Now if the US considers making Qatar an ally, it will have to fight the belief of Qatar that supports the ideology against the West and democracy. Earlier today, the US Deputy Assistant Secretary of State for Arabian Gulf Affairs Timothy Lenderking confirmed that the US is indeed considering Qatar as a major non-NATO ally. This designation provides major benefits in trading and defense matters. The west is clearly looking for a corporate opportunity with the richest country in the world  and making an attempt to sell ...

  There have been consistent concerns that President Trump may not peacefully hand over his office if he loses in November elections. The concerns were reinforced on Wednesday when he said that he would not commit to peaceful transition of power after Election Day. “Well, we’re going to have to see what happens,” President Donald Trump said in White House news conference when was asked of his commitment to peaceful transition of power which is one of the cornerstones of American democracy. Earlier on many occasions Trump has refused to directly comment on whether he would accept the election results. He also has jokingly said that he would stay in office well beyond the two terms, which is in contrast to maximum two terms allowed constitutionally. But his latest refusal to guarantee to transition free of violence has gone further down the road, likely to alarm Democrats and his critics who are already on edge with his sheer will to deploy federal law enforcements to handle country-...

  Sunday, 20, Sept 2020. Turkey and Iran are preparing to play a political, military and ideological role in Africa. Although Iran and Turkey have differing views of the region, they now appear to be close friends and allies to play an important economic,   political and mostly military role in Africa. Iran is striving to become the most powerful state in the Middle East in terms of military,   science and technology. Turkey, which is currently expanding its presence in the Middle East and Africa, appears to be playing a key role in establishing military bases in Africa and becoming the most influential country in the Indian Ocean and East Africa in particular.   Turkey has a large presence in Somalia and has military bases in many parts of Africa. The friendship between Iran and Turkey appears to be a military one and they are taking part in the revolt in the Red Sea and the coasts of North Africa. As countries in the Horn of Africa next to the middle East, it is ...

  Libya has been the centre of proxy wars for a long time now and Russia and Turkey are the key players who are playing around with the governance of the crisis struck country. But now as the latest development suggests, Turkey has nearly agreed with Russia on a ceasefire in Libya. The latest development has been confirmed by the foreign minister of Turkey, Mevlut Cavusoglu,  in an interview with CNN Turk after the meeting in Ankara. Both the nations have been having a series of talks with each other regarding the matters of Syria and Libya and development in these unfortunate countries. If everything works out fine then this deal will be beneficial for Libya after years of proxy wars. Both the countries have shown support to two extreme factions in Libya where Moscow has been supporting the commander of Libyan National Army, Khalifa Haftar while Turkey supports the globally recognised Government of National Accord (GNA). Libya has been made into a battlefield for proxy ...

  Alabama, Florida and Mississippi have declared a state of emergency with the incoming of Hurricane Sally and experts are warning people to be safe as a warning of life threatening storm surge and rivel flooding till the stretch of georgia has been released. Earlier on Tuesday, the hurricane was surrounding the northern Gulf coast with an average speed of 137 km/hr and has high possibilities of tornadoes. The Governor of Louisiana warned the regions in the radar to be ‘smart and safe’. Louisiana is still recovering from the impact of hurricane Laura that arrived last month. The direction has increased fears in New Orleans as well after experts predicted that track of Sally will be moving along the eastward coast. Dealing with the impact of heavy rains, Alabama and Florida has seen power cuts in more than 20,000 homes and businesses. The authorities have signaled that rains will not be stopping anytime soon as the storm is moving at an extremely slow pace. As per the statemen...

  Qatar has decided to finance reconstruction of educational facilities in Albania by granting $5 million through its charity organisation, Qatar Fund For Development(QFFD). It has been announced by the QFFD that this funding is aimed at rebuilding two secondary schools and kindergarten in Albania. This move by the state of Qatar may seem to be a noble deal with no strings attached to it but keeping in mind the recent activities of Qatar, this may serve a larger motive. Qatar has been in search of ways to expand its reach especially in the European countries. It was only a few months ago that Denmark had expressed its concerns over Qatar’s growing influence in the region when it had taken full control over the Hamad Bin Khalifa Centre for Civilization in the Great Mosque of Copenhagen. The matter raised fears when it was known that the amount of funding this organization was getting by Qatar is way above the normal cause. This forced the danish parliament to think about influence...

As the United Arab Emirates and Israel progress towards peace in the region, Qatar seems to be in no mood to let the two countries take credit for it and instead aims at becoming a pseudo leader for the peace talks in the Middle Eastern region. Qatar wants to endorse itself as the ambassador for peace in the region even as it continues to support and fund terrorism. It is of common knowledge that Qatar has been supporting Hamas, a Palestinian funadamentalist militant orgaisations, equipping it with arms and ammunitions along with money. Not only does Qatar backs Hamas diplomatically but it has been sheltering its exiled leader Khaled Mashaal and spending millions of dollars on the terror group. Back in 2007, Hamas got support of Qatar when it had kicked out the less powerful group of Palestinian authorities out of the Gaza Strip in battle where nearly 115 people were killed and over 500 were left injured. Even after all of this, Qatar has been supporting the aggressive militant o...

  During the last week of August, Turkey had donated 12 armored personnel carriers of the Somalia military which was apparently for the fight against al-Qaeda affiliated group al-Shabaab. The ceremony was held in Mogadishu, capital of Somalia, where Somali Defense Minister Hassan Ali Mohamed and Somali armed forces commander Gen. Odawa Yusuf Rageh were also present as Turkey handed over the carriers to the Somali military. But the military is not happy with this donation. They fear that this would lead to increasing Turkish influence in the country and its order. A few sources close to the military revealed that a large group of high-ranking officials and their subordinates are concerned that these favours form Turkey will mean Somalia losing control of the federal army. These kinds of donations will increase the burden on Somalia’s government where the administration will be forced to act according to Turkey. Somali President Mohamed Abdullahi Farmaajo, also known as ‘Farmaa...

  The World Bank confirmed on Friday that it has canceled a loan of $244 million for Lebanon’s Bisri dam after raising concerns in January about the project. Bank has notified the decision to the Lebanese government which is effective immediately. As per the statement given by the World Bank, it was revealed that despite emphasizing on open, transparent and inclusive conduct of the project, teh same was not delivered by the Lebanese government. Funding for the dam project was halted on June 26 but only partially as the World Bank was concerned about the progress of the project. The project was first highlighted in 2015 when a alot environmental activists objected to the construction of a $617 million (total cost)dam. But those objections led nowhere and now when Beirut saw a massive blast that killed more than 190 people and injured iver 6,000 people in the capital city of Lebanon. For the project, the World Bank had already committed $474 million for the project of which $...

  Iran expressed its happiness on the United States being rejected by the United Security Council vote for continuing with its sanction on Iran. The US tried to extend an arms embargo on Iran but a common consensus was against this idea. On August 14, the US received an overwhelming defeat in a 15-member council at the UN where Dominican Republic became the only country to have come in support of it while Russia and China stairway rejected the appeal and eight others abstained their voting rights. Giving his statement on this incident, Iran’s foreign ministry spokesman Abbas Mousavi tweeted that this is the first time in 75 years that the United States has been so isolated. Now President Hassan Rouhani  also expressed his pleasure on the country's coming in support of Iran after the US tried extending the embargo after the 2015 nuclear deal. The United States had withdrawn form the accords in 2018 and went ahead with imposing sanction on Iran unilaterally. Iran retaliate...