The disruption of financial markets caused by the coronavirus crisis in recent months and the subsequent volatility in the industry has revived the long discussion about the need for Shariah-compliant …
We Got Funded: Proptech Startup Ajar Closed Its Pre-Series A Round
The startup is leveraging on the opportunity by improving its platform features, investing on its team to boost its growth, and gearing up for a regional digital expansion to Saudi Arabia, Egypt, and …
Lebanon’s Economic Collapse Is Gathering Pace
Lebanon’s economic crisis is fast slipping out of control, driven by a currency collapse that’s decimating businesses and plunging families into destitution.While politicians and bankers trade blame …
South Korea’s Eximbank Plans to Finance Pakistan’s Large-Scale IT Project: Report
Eximbank of South Korea is planning to finance over $76 million to Pakistan for IT-related projects including electronic intelligence. According …
Gold financiers are a bright spot in India’s crisis-hit financial sector
But India’s gold loan financiers don’t have any such headache as their gold reserve works as an insurance against defaults. The management of Muthoot Finance in the latest investor call …
China Shares Climb Even as Global Rally Pauses: Markets Wrap
The global equity rally paused Tuesday after a strong start to the week Monday, with the notable exception of further gains in China. The dollar pared losses.
Board of Israel’s El Al Agrees Government Bailout
Employees of Israeli flag carrier El Al Airlines take part in a protest asking for recovery plan for the cash-strapped airline that has been grounded due to the corona …
Bahrain’s GDP growth rate down by 1.1% in first quarter
Bahrain’s GDP growth rates down by 1.1 per cent in the first quarter on an annual basis, state news agency (BNA) reported on Monday citing a finance ministry report. “The report showed that the …
Georgia sub shop workers fired for making bread dough noose
Four employees of a Georgia sandwich shop were fired after making a noose out of bread dough and filming themselves playing with it. A video posted to social media of the workers at a Jimmy John’s res …
Georgia continues to borrow to build projects, create jobs as state debt remains low
The $1.2 billion Georgia intends to inject into the state’s economy through its long-term investment program is expected to help offset the pandemic-related recession that has cut jobs and hampered …