06:00
Colombia begins process to join BRICS bank
Colombian President Gustavo Petro announced on May 16 that his country has started the process of joining the New Development Bank of BRICS.
Saudi Arabia releases 2024 Vision 2030 progress report
Reuters
Saudi Arabia on Friday unveiled its annual report highlighting the Kingdom’s advancements toward achieving the ambitious goals of Vision 2030 during the year 2024.
Launched in 2016 by Crown Prince Mohammed bin Salman, Vision 2030 aims to reduce Saudi Arabia’s dependence on oil, diversify its economy, and enhance sectors such as health, education, infrastructure, recreation, and tourism.
The initiative is structured around three strategic pillars: A Vibrant Society, promoting culture, wellness, and quality of life; A Thriving Economy, focused on economic diversification, private sector empowerment, and job creation; and An Ambitious Nation, dedicated to building an efficient, transparent government and fostering civic engagement.
Key reforms under Vision 2030 include the privatization of select government sectors, expanding women's participation in the workforce, welcoming international tourism, and launching cultural and entertainment initiatives.
“We thank God for the achievements our country has made in less than a decade, making it a global model for transformation at all levels," King Salman bin Abdulaziz said in a statement. "While we are proud of the contributions of our nation’s people, we will continue together on the path of construction to achieve more sustainable development for future generations."
Crown Prince Mohammed bin Salman added: “As we enter the ninth year of the Kingdom’s Vision 2030, we are proud of the achievements of our nation’s sons and daughters. They have proven that challenges do not stand in the way of their ambitions. We have achieved our targets and exceeded some of them. We will continue to move steadily toward our 2030 goals, renewing our resolve to redouble efforts, accelerate implementation, and strengthen the Kingdom’s global standing.”
05:00
Ministers resign one by one as protests grow in Libya’s Government of National Unity
Ministers in Libya’s Government of National Unity (GNU) are resigning one by one amid mounting protests in Tripoli, Libya Press agency reports
04:00
Supreme Court blocks Trump’s use of wartime law for deportations
The US Supreme Court on Friday paused President Donald Trump’s attempt to carry out deportations using the 1798 Alien Enemies Act, siding with a group of Venezuelan immigrants in Texas who argued they were at risk of sudden removal under the rarely used wartime law.
03:30
North Korean fishermen stuck in South as Pyongyang cuts contact
Two North Korean fishermen picked up by South Korean patrols in March remain stranded in the South as Pyongyang refuses to respond to requests for their return.
03:15
Moody’s strips US of last top credit rating over debt concerns
The US has lost its final AAA credit rating after Moody’s downgraded the country to Aa1, citing growing deficits and mounting debt as risks to long-term fiscal health.
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