Syria
UK reestablishes diplomatic ties with Syria as Lammy visits Damascus
Britain said on Saturday it was reestablishing diplomatic relations with Syria, as foreign minister David Lammy visited the Syrian capital Damascus.
Oman unveiled late on Wednesday a sustainable finance framework to help the Gulf country reduce its reliance on fossil fuels and attract environmental, social and governance (ESG) investors.
Oman appreciates the potential of renewable energy technologies © Mena Today
Oman unveiled late on Wednesday a sustainable finance framework to help the Gulf country reduce its reliance on fossil fuels and attract environmental, social and governance (ESG) investors.
Under the initiative, the Sultanate plans to issue financial instruments like green, social and sustainability bonds as well as loans and sukuk - bonds that comply with Islamic law - whose proceeds will be used to fund and re-finance renewable energy projects.
As power supply and fossil-fuel reserves come under pressure form population growth and rapid industrial development, "Oman appreciates the potential of renewable energy technologies," the country's finance ministry said in the report detailing out the framework.
Oman's vision 2040, an economic development plan launched in 2021, envisions the country cutting oil's share of gross domestic product (GDP) to 16% in 2030 and 8.4% in 2040, down from 39% in 2017.
Reporting by Federico Maccioni
Britain said on Saturday it was reestablishing diplomatic relations with Syria, as foreign minister David Lammy visited the Syrian capital Damascus.
U.S. President Donald Trump said on Friday that Iran had not agreed to inspections of its nuclear program or to give up enriching uranium.
Turkish authorities detained three more mayors from the main opposition party on Saturday, according to a prosecutor's statement and media reports, expanding a months-long legal crackdown that has expanded beyond its origins in Istanbul.
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