Finance Minister Constantinos Petrides leaves for Russia on Sunday as head of the Cyprus negotiating team to discuss Moscow’s plans to scrap a deal that avoids double taxation in the two countries.
UAE central bank acts again to give lenders more versatility
The Central Bank of the UAE on Saturday temporarily relaxed the net stable funding ratio (NSFR) and the advances-to-stable resources ratio (ASRR) for local and foreign banks to provide them with …
PROJECTS: Iraq to fund reconstruction of Mosul airport
Iraq has decided to finance the reconstruction of the war-damaged civilian airport in the Northern Mosul city through a fund created after the end of internal hostilities instead of offering it to …
India to halt 101 military imports in push for defence self-reliance – minister
India will stop importing 101 items of military equipment in an effort to boost domestic defence production, defence minister Rajnath Singh said on Sunday. Singh said the move follows Prime Minister …
PM Modi Launches Rs 1 Lakh Crore Finance Facility For Agri-Infrastructure
Prime Minister Narendra Modi has launched a debt financing facility under the Agriculture Infrastructure Fund with a budget of Rs 1 lakh crore. Under this, Farmer Producer Organisation Schemes, …
Mommy bloggers sound alarm over China-made ‘fake’ med supplies
Mommy bloggers have sounded the alarm over the proliferation of “fake” medical supplies from China at the height of the coronavirus disease (COVID-19) pandemic and called …
China Tells Banks, Wealth Fund to Cut Pay as Economy Slumps
Chinese authorities are doubling down on pressure to get the nation’s biggest state-owned financial groups to reduce salaries in a bid to boost returns as the virus-hit economy faces its slowest …
How the Beirut blast will fuel a further economic downfall in Lebanon
With economic and political reforms and adequate support from the international community, Lebanon could navigate the current crisis” …
The future of the US-South Korea and US-Japan alliances
We can already see a massive campaign unfolding to promote suspicion about any interaction with China and a call has gone out for so-called “decoupling” for the United States, but also for its …
Moody’s upgrades Pakistan’s economic outlook to ‘stable’
The Ministry of Finance on Saturday said that Moody’s has upgraded Pakistan’s outlook from ‘under review for downgrade’ to ‘stable’, while maintaining a B3 rating. “At the conclusion of the review for …