Skip to content
Search

Latest Stories

Hard Numbers

Hard Number: Saudi Arabia picks up Pakistan’s tab again

Hard Number: Saudi Arabia picks up Pakistan’s tab again
Natalie Johnson
Make us preferred on Google

The extra cash comes just before Islamabad sends a $3.5 billion debt repayment to Saudi Arabia’s friend-turned-rival, the UAE. This isn’t the first time that Saudi Arabia has provided Pakistan, a relatively poor country with a mighty military, with funding. In 2018, Riyadh gave Pakistan a rescue package worth $6 billion as it faced an economic crisis. What’s the benefit to the Saudis? Pakistan provides the Kingdom with security by placing it under its nuclear umbrella. It has also deployed fighter jets to Saudi Arabia, amid Iranian bombing of the Kingdom.

More For You

US labor market holds steady despite Iran war
Natalie Johnson
Employers in the world’s largest economy are shrugging off the uncertainty brought on by the Iran war and higher energy prices – at least for now. Experts expected roughly 65,000 jobs to be added last month, a significant slide from the 185,000 in March. But if higher gas prices persist, and Americans pair back spending, economists say that could [...]
Record Israeli settlements in the West Bank
Natalie Johnson
Israel’s right-wing government has overseen a record expansion of settlements in the West Bank in recent years. The settlements, which are illegal under international law, are driving the displacement of Palestinians. One proposal the government is now advancing is the controversial E1 settlement plan, which would effectively slice the West Bank [...]
Ukrainian drones go the distance
Natalie Johnson
Ukrainian drones are hitting targets deep inside Russia, reaching areas where once residents believed the war was too distant to touch them. For the city of Yekaterinburg, which saw residential buildings damaged by drones, the attack carries symbolic weight. The city lies in Ural Mountains and served as a base for the Soviet Union during World War [...]
Romania’s government collapses

Prime Minister Ilie Bolojan’s government fell after losing a no-confidence vote, putting Romania’s access to EU recovery funds – worth approximately $13 billion – at risk.

Natalie Johnson
Prime Minister Ilie Bolojan’s government fell after losing a no-confidence vote, putting Romania’s access to EU recovery funds – worth approximately $13 billion – at risk. The country, which has the largest budget deficit in the EU, has to complete the bloc’s mandated economic reforms by August to unlock the funds. But with its country’s pro-EU [...]