Azerbaijan’s economy is set for stable growth in the coming years, with international financial institutions highlighting the importance of diversification and investment in non-energy sectors. The …
Economic Collapse in Syria: Struggles of a War-Torn Nation
The fall of the Assad regime in Syria in December brought hopes for a better future among the people. However, these hopes are now fading as the country faces major economic challenges. Impact of …
Saudi Arabia licenses Tamara Finance to provide buy-now-pay-later services
The Saudi Central Bank (SAMA) has licensed Tamara Finance to provide consumer finance and buy-now-pay-later services. The addition brings the number of finance companies licensed and permitted by SAMA …
Islamic finance shows potential in Central Asia as GCC ties deepen
Kazakhstan and Kyrgyzstan could lead Central Asian Islamic finance industry growth over the medium-to-long term …
Saudi PIF signs $3 bln agreement with Italian export credit agency, Al Ekhbariya TV
Saudi Arabia’s Public Investment Fund (PIF) on Wednesday signed a memorandum of understanding worth $3 billion with Italy’s state export credit agency SACE, Saudi’s Al Ekhbariya TV reported.
Sri Lanka’s debt-ridden CPC to finance development of 24-oil tanks in China Bay
ECONOMYNEXT – Sri Lanka’s Cabinet of Ministers has approved debt-ridden state-owned Ceylon Petroleum Corporation (CPC) to develop 24 oil tanks in the country’s China Bay tank farm in Trincomalee …
PRIORITY Summit in Miami Highlights Saudi Arabia’s Key Role in Geopolitics, Finance, Technology, and Sports
India]/Miami [Florida], March 5: The PRIORITY Summit, hosted by the Future Investment Initiative (FII) Institute in Miami, underscored Saudi Arabia’s growing influence across geopolitics, finance, …
Spot US dollar 295.30/50 Sri Lanka rupees, bond yields steady
Sri Lanka’s rupee closed at 295.30/50 to the US dollar in the spot market Wednesday, from 295.18/25 Tuesday, dealers said, while bond yields were broadly steady.
Low energy prices sting Aramco profits and squeeze the Saudi kingdom’s development plans
Saudi Arabia’s state-owned oil giant reported a $106.25 billion profit in 2024, down 12% from the prior year as the lower prices now squeeze the kingdom’s development plans.
EQ8WAQF faces possible suspension over delayed financial report
EQ8 FTSE Malaysia Enhanced Dividend Waqf ETF (EQ8WAQF) faces a possible trading suspension after its manager failed to submit its interim financial report for the financial period ended Dec 31, 2024 …