Ranil Wickremesinghe, who then took over as the president, began the negotiations with the International Monetary Fund soon after. His government then clinched the bailout a year later in March 2023 …
As Fitch upgrades ratings Sri Lanka claims it has ended debt default
With the decision by the Hong Kong based Fitch Ratings to upgrade Sri Lanka’s credit rating, the island nation has officially ended its debt default, the Finance Ministry said here on Saturday.
Iran’s Yemen Ally ‘Will Punish’ Israel for New Airstrikes
An Ansar Allah source told Newsweek that Israel “represents a danger to Yemen and to various Arab and Islamic countries.” …
Iraq is UAE’s largest trading partner at $27 billion
With yearly commerce topping $27 billion, Iraq is the UAE’s largest economic partner, according to Abdullah Al Saleh, Undersecretary of the Ministry of Economy, who addressed at […] …
Iran expects robust trade and economic ties
Discussing the potential for enhancing trade, Shad said that Iran was an important trade partner and the issuance of SRO 642 by Pakistan’s government on June 1, 2023 provided a framework for …
In focus: A cyber-resilient Philippines
IN commemoration of Human Rights Day on Dec. 12, the US government, through the US Agency for International Development (USAid) and The Asia Foundation, launched a P16.8-million ($300,000) initiative …
Here’s Why U.S. Manufacturers Can’t Quit China
US-China trade wars, tariffs and geopolitical tensions notwithstanding, US manufacturers have tried, but simply can’t quit China.
World Bank: Israel-Hezbollah war intensified Lebanon’s economic contraction
The World Bank said Tuesday that the Israel-Hezbollah conflict has dealt another significant blow to Lebanon’s already struggling economy and emphasized the need for extensive reforms and targeted …
GOED commissioner scouts Israel for trade potential
The governor’s economic development commissioner recently traveled to Israel as part of a South Dakota Trade delegation. The November 18-20 visit was the first state-led trade mission to Israel since …
How the UAE’s commercial property market is adapting to hybrid working
The UAE’s commercial real estate market is undergoing a profound transformation, with the country’s appeal to international businesses stronger than ever. In the first half of 2024, about 34,075 new …