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UAE and Saudi Arabia launch a common digital currency “Aber”

The central banks of the UAE and Saudi Arabia have launched a common digital currency called “Aber”, which will be used in financial settlements between the two countries through Blockchains and Distributed Ledgers technologies. It will establish an additional means for the central financial transfer systems of the two countries and enable banks to directly ..

Suman Kumari becomes Pakistan’s first Hindu woman judge

Suman Kumari has become the first Hindu woman in Pakistan to be appointed as a civil judge after passing an examination for induction of judicial officers. She hails from Qambar-Shahdadkot & will serve in her native district. Suman passed her LLB examination from Hyderabad and did her masters in law from Karachi’s Szabist University. This ..

Union Cabinet approves MoU between India and Kuwait for cooperation on recruitment of domestic workers

The Union Cabinet has approved recently the signing of Memorandum of Understanding (MoU) between India and Kuwait for cooperation on the recruitment of domestic workers. The MOU provides a structured framework for cooperation on domestic workers related matters and provides strengthened safeguards for Indian domestic workers including female workers deployed in Kuwait. The MOU is ..

Andry Rajoelina sworn-in as new President of Madagascar

Andry Rajoelina has been sworn-in as the new President of Madagascar after taking the oath of office in Antananarivo before 9 judges of the High Constitutional Court. He won the 2018 Malagasy presidential election with 56% of the vote.

Nepal Central Bank bans use of Indian Currency Notes

The Nepal Rastra Bank (NRB), the central bank of Nepal, has recently announced the ban of Indian currency notes with denominations above Rs.100. Under the new rule, Nepali citizens cannot carry these denominations to other countries except India. Similarly, Nepalis are also not allowed to bring such notes from other countries. The central bank has ..

Stefan Lofven elected as new Prime Minister of Sweden

In Sweden, Prime Minister Stefan Lofven has been elected for a second term on 18th January 2019 after an agreement was struck between the Social Democrats, Greens, Liberals, and Centre Party, and after the Left Party agreed to abstain from voting against Lofven. He is expected to formally present his new government and its full ..

‘IMBEX 2018-19’ started between India and Myanmar

On 14th January 14 2019, the 2nd edition of India-Myanmar bilateral Army exercise ‘IMBEX 2018-19’ has commenced at Chandi Mandir military station in Haryana that houses the headquarters of the Western Command of the Indian Army. The purpose of this joint training event is to train the Myanmar delegation for participation in UN peacekeeping operations. ..

Nicolas Maduro sworn-in as new President of Venezuela

Nicolas Maduro has been sworn-in for a second term as Venezuela’s president on 10th January 2019, despite international criticism that his re-election was illegitimate. The result was denounced as fraudulent by many neighbouring countries, including Argentina, Mexico, Chile, Colombia, Brazil, Canada and the United States, as well as organizations such as the European Union, and ..