Blog - Page 48 of 533 - Daily Capital Mail

Visit of Israeli Foreign Minister Gideon Saar to  Prague

January 20, 2026 capital

Minister of Foreign Affairs Petr Macinka held talks with his Israeli counterpart Gideon Saar on January 20, 2026. The main topics of the meeting were the situation in the Middle East, including the implementation of the peace plan in  Gaza, economic and security cooperation, innovation, modern technology and the overall deepening of ties between the two countries. “Gideon Saar was the first foreign minister I spoke with on the phone at the end of last year. This is evidence of the strong friendship between the Czech Republic and Israel, which…

India, UAE sign $3b LNG deal

January 20, 2026 capital

NEW DELHI/DUBAI: India signed a $3 billion deal on Monday to buy liquefied natural gas from the United Arab Emirates, making it the UAE’s top customer, as the leaders of both countries held talks to strengthen trade and defence ties. The agreement was signed during a very brief two-hour visit to India by UAE President Sheikh Mohammed bin Zayed Al Nahyan for talks with Indian Prime Minister Narendra Modi. They pledged to double bilateral trade to $200 billion in six years and form a strategic defence partnership. Abu Dhabi state…

Trump letter claiming US control of Greenland draws sharp criticism

January 20, 2026 capital

A letter sent by US President Donald Trump to Norwegian Prime Minister Jonas Gahr Støre claiming the United States must have “complete and total control of Greenland” has drawn strong criticism from The Atlantic, which said the remarks show a president “living in a different reality” and risk serious damage to American alliances. In the letter, Trump said that because Norway had “decided not to give me the Nobel Peace Prize for having stopped 8 Wars PLUS,” he no longer felt obliged to think “purely of Peace” and would instead act…

Iran to consider lifting internet ban; state TV hacked

January 20, 2026 capital

Iran may lift its internet blackout in a few days, a senior parliament member said on Monday, after authorities shut communications while using massive force to crush protests in the worst domestic unrest since the 1979 Islamic Revolution. In the latest sign of weakness in the authorities’ control, state television appeared to be hacked late on Sunday, briefly showing speeches by United States President Donald Trump and the exiled son of Iran’s last shah calling on the public to revolt. Iran’s streets have largely been quiet for a week, authorities…

Trump ties Greenland bid to Nobel Prize snub

January 20, 2026 capital

NUUK: Donald Trump no longer needs to think “purely of peace” after being snubbed for a Nobel, the US president said in comments published on Monday, adding the world will not be safe until Washington controls Greenland. Trump has put the transatlantic alliance to the test with threats to take over Greenland “one way or the other”, as European countries close ranks against Washington’s designs on the vast Danish autonomous territory. German and French leaders denounced as “blackmail” weekend threats by Trump to wield new tariffs against countries which oppose…

India, UAE sign $3b LNG deal, agree to boost trade and defence ties at leaders’ meeting

January 20, 2026 capital

India signed a $3 billion deal on Monday to buy liquefied natural gas from the United Arab Emirates, making it the UAE’s top customer, as the leaders of both countries held talks to strengthen trade and defence ties. The agreement was signed during a very brief two-hour visit to India by UAE President Sheikh Mohammed bin Zayed Al Nahyan for talks with Indian Prime Minister Narendra Modi. They pledged to double bilateral trade to $200b in six years and form a strategic defence partnership. The presence of members of the…

Gold reaches $4,670, silver surges as markets react to rising global uncertainty

January 20, 2026 capital

The prices of gold and silver reached new record highs both globally and locally, driven by rising geopolitical tensions and economic factors, including further cuts in the US Federal Reserve’s interest rates. On Monday, the price of gold per ounce surged by $75 to a new record high of $4,670 in the international bullion market. This increase follows months of escalating political tensions, particularly in the Middle East, where fears of a potential military escalation involving the United States and Iran have stirred uncertainty. The market’s response to this geopolitical…

IMF forecasts 2026 global GDP growth at 3.3%

January 20, 2026 capital

WASHINGTON: The International Monetary Fund (IMF) again edged its 2026 global growth forecast higher on Monday as businesses and economies adapt to US tariffs that have eased in recent months and a continued AI investment boom that has fuelled asset wealth and expectations of productivity gains. The IMF, in its World Economic Outlook, update forecast global GDP growth at 3.3% in 2026, up 0.2 percentage point from its last estimate in October. That’s even with 3.3% growth in 2025, which will also beat the October estimate by 0.1 percentage point,…

Current account deficit hits $1.17b

January 20, 2026 capital

KARACHI: Pakistan’s current account deficit reached $1.174 billion during the first half of FY26, marking a sharp reversal from a surplus of $957 million recorded in the same period of last year, as rising imports, weaker capital inflows and persistent structural challenges weighed on the external account. Every month, the country recorded a current account deficit of $244 million in December 2025, compared to a surplus of $454 million in December 2024 and a surplus of $98 million in November 2025, indicating renewed stress on the balance of payments despite…

Aurangzeb: Economy on road to stability, growth

January 20, 2026 capital

ISLAMABAD: Federal Minister for Finance Senator Muhammad Aurangzeb has said that Pakistan’s economy is on a path of stability and growth. Foreign exchange reserves have improved and there is import cover of around three months, reflecting economic stability. The confidence of both domestic and foreign investors is increasing. At present, 16 initial public offerings (IPOs) are under consideration, while nine IPOs were successfully completed last year. More than 120,000 new investors have entered the capital market, which is a clear sign of confidence in the economy. According to the Ministry…