As a result of the constantly evolving Covid-19 situation, Afghanistan Cricket Board ran into financial problems. The board’s finances were dented by the fact that two of the global events – Asia Cup …
Pakistan’s economic performance remains encouraging, says report
Despite challenges due to the coronavirus pandemic, Pakistan’s economic performance remained encouraging in December, according to the Economic and Outlook report, which the government’s Finance …
Economic recovery: KB Finansia gets financial boost from IFC
The International Finance Corporation (IFC), a member of the World Bank Group, has provided a US$50 million financial injection to PT KB Finansia Multi Finance (KBFMF), which is well known for the …
China Tells Ant to Return to Its Roots, Imposes Curbs
Chinese regulators ordered Jack Ma’s online financial titan Ant Group Co. to return to its roots as a provider of payments services, threatening to throttle growth in its most lucrative businesses of …
Hong Kong to play significant role in finance, innovation development of Greater Bay Area: HKSAR gov’t official
Chan said Hong Kong can help the internationalization of the renminbi, serve as a fund-raising platform for mainland businesses, provide asset management services, become an ideal platform for …
Majority of FDI businesses in Vietnam report 2019 losses
A report submitted to the prime minister this week by the Finance Ministry says that 12,455 FDI businesses … while those from Australia, Brunei, Indonesia and Turkey reported losses. Over VND210.2 …
Markaz Wins Three Coveted Categories From EMEA Finance Middle East Banking Awards 2020
Kuwait Financial Centre “Markaz” was recently recognized among the leading investment and asset management institutions across the region with three awards from the EMEA Finance magazine’s ‘Middle …
Sheikh Mohammed approves Dh57.1 billion Dubai budget for 2021
Dubai’s general budget for the fiscal year 2021 has been approved on Sunday with a total expenditures of Dh57.1 billion. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime …
Dubai ruler approves $15.5bln budget for 2021
Dubai has unveiled a spending plan worth 57.1 billion UAE dirhams ($15.5 billion) for fiscal year 2021, a decline of 9.3 billion dirhams from the 2020 outlay. His Highness Sheikh Mohammed bin Rashid …
Dubai unveils $15.5bn budget for 2021; health, infrastructure top focus
The newly-announced budget takes into account the exceptional economic conditions of the fiscal year 2020 and the repercussions of the Covid-19 pandemic on the global economy. It also confirms Dubai’s …