Mustafa Kamal said that he firmly believes that the agriculture sector can be a fundamental area for advancement …
India Shadow Bank Dollar Bonds Drop After S&P Downgrades
Credit scores of several Indian shadow lenders were downgraded by S&P Global Ratings due to liquidity risks amid an economic downturn brought on by the pandemic, triggering a drop in some of their …
US special envoy Khalilzad travelling to Pak, Qatar and Uzbekistan
Special US Representative for Afghanistan Reconciliation Zalmay Khalilzad is travelling to Qatar, Pakistan and Uzbekistan as part of his sustained effort to bring peace in the war-torn country, the …
Asiamoney best bank awards 2020: Taiwan
The bank ran a survey of Taiwanese companies last year and found that 20% of those with overseas businesses were relocating operations, either back to Taiwan or to safer locations, such as Hong Kong …
Nasdaq Dubai welcomes listing of $1.5bln sukuk to support Covid-19 initiatives
according to a joint statement issued by Nasdaq Dubai and IsDB. The sukuk is the second to be issued under IsDB’s Sustainable Finance Framework, following its debut Green Sukuk last year and is the …
Kazakhstan Economy Hit by Virus, Drop in Oil Prices
The economy of Kazakhstan, central Asia’s largest energy producer, took a double hit from the coronavirus-related lockdown and the collapse in oil prices. Naubet Bisenov reports on “Bloomberg Markets: …
Saudi raises $2.27bln in Islamic bonds – finance ministry
Saudi Arabia has raised 8.495 billion riyals ($2.27 billion) in Islamic bonds or sukuk, in June, the finance ministry said on Sunday. According to a statement on the finance ministry website, the …
IMF is angling to undermine US sanctions against Iran
The International Monetary Fund, a U.N. subsidiary and the world’s premier global financial body, has been quietly looking for ways to undermine U.S. sanctions against Iran. It is even mulling a …
India Shadow Banks Cut at S&P as Pandemic Worsens Liquidity Woes
Credit scores of several Indian shadow lenders were downgraded by S&P Global Ratings due to liquidity risks amid the pandemic-induced economic downturn.
China State Firms’ Profits Fall 52.7% Year-On-Year in Jan-May: Finance Ministry
May, according to a statement from the country’s Finance Ministry on Monday, to 663.1 billion yuan ($93.67 billion).