An elevated fiscal deficit will result in growing public debt, which will ramp up pressure on the country’s debt servicing capacity amid the Covid-19 crisis.
Israel bombs Gaza as rocket fire intensifies
Israeli warplanes bombed the Hamas-ruled Gaza Strip on Friday, as Palestiniansfired rockets and launched fire bombs into southern Israel, the army said.
Hamas issues fresh demands, Israel likely to accept; but will they fight anyway?
A dozen rockets were fired toward Gaza-adjacent Israeli communities over the course of one day, threatening to again spark open war between terror groups in the Strip and the IDF …
Stock Trading Whiz Timothy Sykes Commits $1.6m to Humanitarian Relief
As Yemen continues to experience one of the worst humanitarian crises of recent years, charitable organizations are circling the wagons in a bid to provide relief and save lives. The latest donation …
ADB OKs $300-M loan to support financial inclusion reforms in Philippines
The Asian Development Bank announced Friday it approved a $300-million loan for the Philippines to boost the government’s push to trasnform the country into a cash-lite economy.
Kamal for making common platform to widen digital financial inclusion
There is a need to keep attention on the transaction and security aspects while the confidence level of the clients also need to be kept intact’ …
China Renaissance Announces Unaudited 2020 Interim Results
China Renaissance Holdings Limited (“China Renaissance” or the “Company”; stock code: 1911.HK) today reported its unaudited interim results for the six months ended June 30, 2020.
Countering China’s charm offensive in India’s neighbourhood: Strategy begins at home
It appears the “ Neighborhood First “ policy is facing fissures. But one can’t choose neighbours and it is the dilemma a big power faces in its vicinity when other hegemonistic neighbours with …
‘Betrayal,’ with a personal touch: Why the PA is so angry at the Israel-UAE deal
Abbas is boiling at the bypassing of the Palestinian cause. But all his would-be successors are also seething over the return to center-stage of UAE-based pretender Mohammad Dahlan …
Banks Cut Exposure to Dubai’s MENA Energy as Virus Hits Trade
Several banks are reducing their exposure to Dubai-based oil trader MENA Energy DMCC, as the coronavirus hits commodity businesses and global lenders cut funding.BNP Paribas SA, Natixis SA and Middle …