The timing wasn’t ideal: while Kuwait’s central bank governor was in a forum Wednesday with lawmakers and executives discussing plans to boost the economy, shares in the Gulf state’s lenders were …
Lebanon tax revenue down 12.5% in Q1 as economic crisis bites
Lebanon’s tax revenues dropped 12.5% during the first quarter of 2020 compared to a year earlier, ministry of finance data showed on Thursday, as a bruising financial crisis took its toll. BEIRUT, …
Lebanon could have had oil tanker seized by Eurobond holders: minister
Lebanon could have recently had an oil tanker seized by Eurobond holders because of its stinging debt crisis and the government was taking steps to avoid such risks in future, the energy minister said …
Azerbaijan provides humanitarian aid to citizens stranded in Turkey
Earlier, Azerbaijan sent financial aid to 90 citizens stranded in Uzbekistan due to the closure of borders amid COVID-19. Over 20.000 citizens have already been repatriated to the country. The …
Thai rice prices hit 1-month peak on strong baht, supply woes
Quotes for Thailand’s benchmark 5-percent broken rice prices rose to $505-$533 per tonne on Thursday – the highest level since early May – from $490-$512 last week. The baht hit a more than four month …
Pakistan’s Economy Contracts For First Time In 68 Years Due To COVID-19
Advisor on Finance Abdul Hafeez Sheikh, releasing the Pakistan Economic Survey 2019-20 said the economy suffered massively due to the coronavirus.
Pakistan Economic Survey 2020
Thursday by Advisor to the Prime Minister on Finance Abdul Hafeez Shaikh detailing the shocks to the economy due to the ongoing health crisis. Finance Advisor Hafeez touched upon the fragile situation …
Coronavirus impact: Pakistan’s economy contracts for first time in 68 years by -0.38%
Advisor on Finance Abdul Hafeez Sheikh, releasing the Pakistan Economic Survey 2019-20 said the economy suffered massively due to the coronavirus pandemic which has so far infected about 120,000 …
Pakistan Budget 2020-21: 18.53 million jobs to be lost if complete shutdown becomes necessary
According to that survey, the highest unemployment (11.56%) is prevalent among the age 20-24, indicating youth unemployment …
Oman’s Taageer Finance shareholders approve up to $25.97mln bond issuance
Shareholders of Oman’s Taageer Finance Company have approved the issuance of up to 10 million Omani riyals ($25.97 million) unsecured and unconvertible secondary bonds. The issuance of secondary bonds …