Taiwan relations have been less “proactive” in 2020, the island’s Mainland Affairs Office annual report on the SAR indicates …
World Bank commits USD 105 million to improve West Bengal waterways
The USD 105 million loan from the International Bank for Reconstruction and Development (IBRD), has a maturity of 17 years, including a grace period of seven years.
Qatar’s finance minister attends opening ceremony of luxury hotel in Cairo
The visit came a few hours after Egypt and Gulf countries inked the Al-Ula agreement for reconciliation with Qatar …
Trade finance lender hit with US$8.5mn penalty after Syria sanctions breach
Union de Banques Arabes et Françaises (UBAF), a French bank specialising in trade finance, has agreed to pay US$8.5mn to settle allegations of sanctions breaches brought by US federal regulators.
OPEC allows Russia, Kazakhstan to raise output
The Organization of Petroleum Exporting Countries (OPEC) and non-bloc producers agreed to allow Russia and Kazakhstan to slightly raise oil output in the next two months.
Azerbaijan amends interim financial relief regime for pandemic-affected taxpayers
The Azerbaijani Tax Code was subjected to amendments due to a significant change in economic conditions as a result of the COVID-19 pandemic spreading and a temporary tax regime was imposed in 2020 in …
OPEC allows Russia, Kazakhstan to raise output
The Organization of Petroleum Exporting Countries (OPEC) and non-bloc producers agreed to allow Russia and Kazakhstan to slightly raise oil output in the next two months.
Kim Jong Un admits his economic plan for North Korea has failed
North Korean leader Kim Jong Un has admitted his economic development plans for the country are a failure. In his opening speech to the congress of the Workers’ Party, Mr Kim confessed his five-year …
Kim Jong Un admits his economic plan for North Korea has failed
North Korean leader Kim Jong Un has admitted his economic development plans for the country are a failure. In his opening speech to the congress of the Workers’ Party, Mr Kim confessed his five-year …
Oil Refiners Reel From Saudi Pledged Cuts Even as Demand Eases
Several oil refiners in Asia were taken aback by Saudi Arabia’s pledge to curb 1 million barrels a day of supplies from next month even as they planned for maintenance that will trim demand.