OPEC’s habitual quota cheat, Iraq, said it will implement its oil-production cuts in full this month and agreed on the details of how to compensate for falling short of its target in May.
Thailand ‘poised to soar’
Thailand is poised to soar in the global market with heightened investment attraction and a massive budget earmarked to rejuvenate the economy in the fourth quarter, as the Covid-19 pandemic eases, …
Iran has over $62bn in net foreign assets: IRNA
The Central Bank of Iran (CBI) says net foreign assets held by the bank and other Iranian non-bank financial institutions have surged by nearly a third over the year ending March 19. A Thursday report …
Bangladesh to post highest GDP growth in Asia this fiscal year
Bangladesh’s economy recorded the highest GDP growth in Asia … the growth rate is projected at 8.2 per cent for fiscal 2020-21 in line with the long-term plans,” Finance Minister AHM Mustafa Kamal …
Asia Today: Beijing’s daily cases drop, India’s rise sharply
China’s capital reported a decline in newly confirmed cases of coronavirus Thursday, with a public health expert saying a recent outbreak in the city was under control and the number of new cases …
Taiwan To Open New Office To Assist Hong Kongers
“In the past the NGOs were basically doing that but now the government will stand up and finance the expense,” Chen said. Taiwan, a self-ruled democratic island, has received an influx of Hong Kong …
Ditching Dependence
Anadolu Agency, Government of Canada Global Travel Advisory, International Monetary Fund, Nikkei Asian Review, Pew Research Center, Reuters, Societe Generale, The Straits Times, Transparency …
EBRD increases trade support in Cyprus, doubles BoC limit
The European Bank for Reconstruction and Development (EBRD) said on Thursday it had doubled the trade finance limit to Bank of Cyprus by €50 million to €100 million. The bank said in a release …
Minister of Finance: Bahrain’s economic stimulus package equivalent to 32.2% of GDP
Bahrain’s Minister of Finance and National Economy, HE Shaikh Salman bin Khalifa Al Khalifa, today provided a virtual update to members of the Legislative Authority on Bahrain’s efforts to manage the …
Lebanon needs comprehensive, equitable reforms in many areas – IMF
The International Monetary Fund remains in discussions with Lebanon about possible financing arrangements, an IMF spokesman said on Thursday, adding that it was premature to discuss the scope of any …