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Petro: Venezuela becomes first country to launch virtual currency
Venezuela become first sovereign country to officially launch its own cryptocurrency called Petro backed by oil, gas, gold and diamond reserves to circumvent US-led financial sanctions. Venezuelan President Nicolas Maduro has claimed that the pre-mined cryptocurrency Petrohas raised US $735 ..
Month: Current Affairs - February, 2018
21 February: International Mother Language Day
The International Mother Language Day (IMLD) was observed across the world on 21 February to promote awareness of linguistic, multilingualism and cultural diversity. This year it is the 18th anniversary of IMLD. The observance of this day signifies importance of ..
Month: Current Affairs - February, 2018
Saudi Arabia allows women to open their own businesses without male constent
Saudi Arabia has allowed women to open their own businesses and benefit from government e-services without having to prove consent from husband or male guardian. This move marks major step away from country’s strict guardianship system that has ruled it ..
Month: Current Affairs - February, 2018
Pakistan to deploy troops in Saudi Arabia
Pakistan Army has announced to deploy troops in its close ally Saudi Arabia under existing bilateral security cooperation agreement. The decision comes after meeting between Pakistan Army Chief General Qamar Javed Bajwa and Saudi ambassador to Pakistan Nawaf Saeed Al-Maliki ..
Month: Current Affairs - February, 2018
KP Sharma Oli sworn in as Nepal's Prime Minister
KP Sharma Oli was sworn in as Nepal’s prime minister for the second time. He is the 41st prime minister of Nepal. He was administered the oath of office and secrecy by President Bidya Devi Bhandari. He is known for ..
Month: Current Affairs - February, 2018
Cyril Ramaphosa sworn in as new President of South Africa
Cyril Ramaphosa, head of ruling African National Congress (ANC) has sworn in as new President of South Africa. He was elected as new president by the ruling party politicians dominating 400-member parliament after the resignation of scam-tainted Jacob Zuma. He ..