Thu, 28 Oct 2021

WASHINGTON -- U.S. Treasury Secretary Janet Yellen on Sunday warned that U.S. economic recovery would reverse into recession if Congress fails to swiftly raise the federal debt limit.

"Congress has raised or suspended the country's debt ceiling about 80 times since 1960. Now it must do so again," Yellen said in a Wall Street Journal op-ed. (U.S.-Debt Limit)

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BEIRUT -- A senior Arab banker said on Sunday that Lebanon ranks first among Arab countries in terms of per-capita remittances which amount to 923 U.S. dollars per person, a statement by the Union of Arab Banks reported.

Wissam Fattouh, secretary-general of the Union of Arab Banks, noted that Lebanon also ranks first among Arab countries in terms of the diversity in the sources of remittances. (Lebanon-Remittance)

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WINDHOEK -- Rehabilitation work at Namibia's flagship Hosea Kutako International Airport will be completed soon, giving a new face to the country's tourism industry, Namibia Airports Company (NAC) spokesperson Dan Kamati said on Sunday.

The congestion alleviation project's practical completion date is set for the end of September 2021, Kamati said, adding that the expansion at the main airport will modernize it to meet international standards set by other airports worldwide. (Namibia-Airport)

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