Jaishankar announced a financial package consisting of a grant of USD 100 million and a new line of credit of USD 400 million to support the implementation of GMCP in Maldives.
Russia Tightens Tax Screws on Super Wealthy
Russian leader Vladimir Putin is tightening the tax screws on the country’s super-rich. The Kremlin last week secured major changes to Russia’s double-tax treaty with Cyprus, where last year oligarchs …
Kennesaw State University, GA — Moody’s assigns A1 to University System of Georgia project at Kennesaw State University (GA); outlook stable
Moody’s Investors Service has assigned an A1 rating to the Board of Regents of The University System of Georgia’s (USG) (GA) proposed $8.9 million Lease Revenue Bonds (KSU Howell Hall Real Estate …
Georgia Governor Drops Lawsuit Over Atlanta Covid Measures
Georgia Governor Brian Kemp said he’s dropping a lawsuit he filed last month against Atlanta Mayor Keisha Lance Bottoms over the city’s Covid-19 measures, such as mandatory face masks, that went …
UPDATE 1-Kuwait closes 2019-2020 fiscal year with $18 bln deficit -finance ministry
Kuwait, facing one of the worst economic crunches in the oil-exporting Gulf region, posted an actual deficit of 5.64 billion dinars ($18.44 billion) in the 2019-2020 fiscal year, it said on Thursday, …
Why the UAE Chose to Normalize Relations With Israel
For President Donald Trump’s critics and supporters of Palestinian nationalism, there will be a temptation to spin today’s historic normalization agreement between Israel and the United Arab Emirates …
Korea Overtakes China as Biggest Sustainable-Debt Seller in Asia
South Korea has overtaken China to lead Asia in sales of socially-responsible bonds this year, as global issuance of debt to fund the fight against Covid-19 surges.
India’s Central Bank Payout No Succor for Government Finances
India’s Finance Minister Nirmala Sitharaman can expect another payout from the central bank in coming weeks, but it’s unlikely to plug a huge government revenue hole created by the pandemic.
U.S. says Iran briefly seizes oil tanker near Strait of Hormuz
The Iranian navy held the vessel for some five hours before releasing it Wednesday, said a U.S. military official.
Brunei’s trade surplus nearly doubles in May 2020
Brunei’s trade balance for May 2020 increased to 427.6 million Brunei dollars (311.7 million U.S. dollars) from 145.5 million Brunei dollars in May 2019, according to the latest International …