Pakistan on Tuesday allowed the import of 300,000 metric tonnes of sugar to meet a shortage in production below consumption levels, the finance ministry said, a move that could support global prices.
Reliance Commercial Finance lenders seek suitors to resolve debt
MUMBAI: Lenders to Reliance Commercial Finance Ltd (RCFL) have invited resolution plans from potential bidders under Reserve Bank of India’s 7 June circular on stressed assets, a public notice showed …
Qatar Central Bank announces Eid Al Adha holiday
Qatar Central Bank (QCB) announced that the Eid Al Adha holiday for the current year for all financial institutions in the country (banks, currency exchanges, insurance companies, finance, investment, …
Armenia central bank holds key refinancing rate unchanged at 4.5%
Armenia’s central bank kept its key refinancing rate unchanged on Tuesday at 4.5%, the bank said in a statement. The central bank cut the refinancing rate to 4.5% from 5% in June, to 5% from 5.25% …
Kuwait Fund Sues London Boss Who ‘Blew’ Budget on Bonuses
(Bloomberg) — Kuwait Investment Authority, the fourth-largest sovereign wealth fund, is caught up in a legal dispute with former managers at its U.K. office over accusations of inflated bonuses.The …
Israel’s Enlight gets financing for Golan Heights wind farm
Enlight Renewable Energy Ltd said on Tuesday it has secured financing for a wind farm project in the Israeli-controlled Golan Heights that will produce 189 megawatts of electricity from 39 turbines. A …
Finance Ministry vice director of budget Ariel Yotzer quits
Finance Ministry vice director of budget Ariel Yotzer informed director Shaul Meridor that he will be leaving the position, the ministry reported in a press release on Tuesday. He is the second …
KKR’s corporate lending arm to merge with NBFC startup Incred Finance; to emerge as largest shareholder
KKR’s investors including the US-based Teacher Retirement System of Texas and UAE’s sovereign wealth fund Abu Dhabi Investment Authority will become the largest investors in the merged entity.
HashCash Consultants Listed as the Top Blockchain Development Company in UAE
HashCash Consultants continues garnering accolades, solidifying its position globally as one of the leading software enterprises with specialization in new-age technologies. Known for its cutting-edge …
Capex of UAE telcos increases 49% in second-quarter amid weak revenues
Etisalat and du have increased their network capacity to sustain an increase in data traffic due to remote learning and work from home initiatives …