Newly elected president of the United Nations General Assembly (UNGA) Volkan Bozkir will arrive in Pakistan on Sunday.
DUBAI: The Jeddah-based Islamic Development Bank (IsDB) will move hundreds of its staff outside Saudi Arabia and play a lead role in designing investment projects as the multilateral lender changes strategy under a new president. With 57 member countries across four continents, operating assets of $16 billion and subscribed capital of $70 billion, the IsDB is a major lender to much of the Muslim world. It now aims to decentralize in order to get closer to its member countries, while playing a more aggressive role…
BERLIN: Former foreign minister Frank-Walter Steinmeier was elected Germany's president on Sunday, the 12th person to hold the largely ceremonial post in the post-war era. Steinmeier, a Social Democrat who had served as foreign minister until last month, won 931 of the 1,239 valid votes by lawmakers and representatives of Germany's 16 federal states. There 103 abstentions and 14 votes were invalid. Mr Steinmeier, Germany’s former foreign minister, strongly criticised Donald Trump during the US election campaign.…
COLOMBO:Sri Lanka's newly-elected president has engineered enough defections from his predecessor's party to secure a parliamentary majority essential for radical constitutional reforms, officials said Sunday.