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G7 Leaders Agree to New Initiative to Fight Economic Coercion

Group of Seven leaders on Saturday agreed to a new initiative to counter economic coercion, and pledged action to ensure that any actors attempting to weaponize economic dependence would fail and face consequences. The initiative, dubbed Coordination Platform on Economic Coercion, will use early warning and rapid information sharing on economic coercion with members meeting regularly for consultations, the leaders said in a statement. ....

Ar Riya , Saudi Arabia , Ahmed Al Khatib , Asharq Al Awsat , Nayef Al Rajhi , World Tourism Organization , Saudi Ministry Of Investment , Board Of Directors The Chamber , Federation Of Saudi Chambers , National Tourism Committee , Tourism Ahmed Al Khatib , Two Holy Mosques King Salman , His Royal Highness , Vice Chairman , Saudi Chambers , Saudi Ministry ,

EBRD Eyes Capital Boost, Expansion to Sub-Saharan Africa, Iraq

Shareholders of the European Bank for Reconstruction and Development have approved its expansion to sub-Saharan Africa and Iraq and will consider a proposal to boost its capital by 3-5 billion euros, the bank said on Thursday. The bank said in a statement that a detailed proposal on a paid-in capital increase will be prepared by the end of this year. EBRD said Tuesday that inflation has peaked in emerging Europe, central Asia and north Africa, but rising gas prices in the coming winter will keep pressure on household finances. ....

Ar Riya , Saudi Arabia , Ahmed Al Khatib , Nayef Al Rajhi , Asharq Al Awsat , World Tourism Organization , Board Of Directors The Chamber , National Tourism Committee , Federation Of Saudi Chambers , Saudi Ministry Of Investment , Tourism Ahmed Al Khatib , Two Holy Mosques King Salman , His Royal Highness , Vice Chairman , Saudi Chambers , Saudi Ministry ,