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Category: FINANCE

Posted on June 3, 2020

Budget increases by 14 percent amid fall in domestic revenue

The finance minister presented a total budget appropriation of … The government will on-lend Nu 140.72M to Bhutan Power Corporation (BPC) for rural electrification project, and Nu 1,073M to Druk …

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Posted on June 3, 2020

Bird shuts down Circ operations in Middle East, scraps as many as 10,000 scooters

Bird has shut down scooter sharing in several cities in the Middle East, an operation that was managed by Circ, the micromobility startup it acquired in January. About 100 Circ employees have been …

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Posted on June 3, 2020

Hydrocarbon revenue of GCC states to decline to $200bln – IIF

The Institute of International Finance (IIF), a global financial industry body has … are better placed to accommodate large deficits than Bahrain and Oman. According to the IIF, Bahrain can count on …

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Posted on June 3, 2020

Greece suspends Qatar flights till mid-June after 12 test positive

Greece on Tuesday suspended flights to and from Qatar after 12 individuals on a plane from Doha tested positive for the new coronavirus. The individuals were on a flight carrying 91 people from Doha …

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Posted on June 3, 2020

Korean Shipyards Draw $20 Billion of Work From Qatar

Qatar has signed a deal worth around $20 billion with South Korean shipbuilders to help cement its position as the world’s largest producer of liquefied natural gas.The Gulf emirate entered into …

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Posted on June 3, 2020

QNB wins ‘Leader in Trade for Qatar’ award

QNB Group, the largest financial institution in the Middle East and Africa, has been named this year’s “Leader in Trade for Qatar” by Global Trade Review (GTR) magazine.

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Posted on June 3, 2020

Qatar- Shariah-based finance social instruments can help Islamic countries navigate through Covid-19 crisis: S&P

(MENAFN – Gulf Times) Four Shariah-based finance social instruments can help core Islamic countries, banks, and corporations navigate the after-effects of the current Covid-19 crisis, S & P Global …

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Posted on June 3, 2020

Qatar- PPP law will spur growth and drive industrial diversification: Manateq CEO

The Peninsula The Amir H H Sheikh Tamim bin Hamad Al Thani’s recent ratification of the mostawaited Law No. 12 of the year 2020, regulating Public-Private Partnership (PPP) projects, will accelerate …

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Posted on June 3, 2020

International Islamic Trade Finance Corporation Signs COVID-19 Emergency Food Package Relief Program for Republic of Kyrgyzstan

CNBC Africa is not responsible for the content provided by APO Group. The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), has signed an agreement to support the provision of …

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Posted on June 3, 2020

Kyrgyz Investigators Air Claims That Murdered Source Paid RFE/RL Reporters In Money-Laundering Expose

Kyrgyzstan’s state security service has made unsubstantiated claims that reporters with RFE/RL’s Kyrgyz Service received $100,000 from a self-proclaimed money launderer who served as the journalists’ …

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