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Category: FINANCE

Posted on June 30, 2020

UPDATE 1-Dubai’s economy shrank by 3.5% y/y in Q1 amid coronavirus crisis

Dubai’s real gross domestic product shrank by 3.5% year-on-year in the first quarter, the government’s media office said in a statement on Tuesday, as the Middle East’s business and tourism hub feels …

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Posted on June 30, 2020

Strong response to Covid-19 softens economic impact of global crisis on Dubai

Key sectors of the Dubai economy continued to maintain their dynamism in the first quarter. Real estate, finance, manufacturing and the government sector retained their growth momentum in first …

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Posted on June 30, 2020

Dubai World pays off $8.2b of debt two years ahead of schedule

Dubai World said on Tuesday it made the final repayment of $8.2 billion to creditors more than two years ahead of the due date using funds from asset sales, dividend payments and the delisting of port …

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Posted on June 30, 2020

WB provides $100mln top-up support to Jordan’s education sector reforms

The World Bank approved on Tuesday a $100 million project to support the Jordanian government’s efforts in addressing education challenges resulting from the COVID-19 pandemic and expanding access to …

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Posted on June 30, 2020

Trouble for KP Sharma Oli: Ruling Nepal Communist Party leaders demand PM’s resignation

Nepal Prime Minister Oli was facing strong criticism from his own colleagues for the government’s non-performance and lack of coordination between the party and the government.

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Posted on June 30, 2020

Pompeo to UN: Ending Iran embargo would risk Mideast stability

“Iran will hold a sword of Damocles over the economic stability … Trump administration’s withdrawal from the Non-Proliferation Treaty has created intense financial pressure on Tehran that has led to …

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Posted on June 30, 2020

Vietnam’s export story is strikingly similar to China’s

Vietnam has been a major success story on the exports front over the last decade. Its exports between 2008 and 2018 have increased at a very fast pace from $69.7 billion to $259.5 billion. Can Vietnam …

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Posted on June 30, 2020

More Proof: Intel Analysts Intercepted Electronic Data Showing Financial Transfers From Russian Military to Taliban

President Donald Trump is calling it a hoax but day after day more data points of proof appear, showing that Russia, as many news outlets have reported, paid the Taliban to kill U.S. soldiers. The …

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Posted on June 30, 2020

Data on Financial Transfers Bolstered Suspicions That Russia Offered Bounties

Analysts have used other evidence to conclude that the transfers were likely part of an effort to offer payments to Taliban-linked militants to kill American and coalition troops in Afghanistan.

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Posted on June 30, 2020

The Latest: US envoy to Afghanistan not going to Kabul | Raleigh News & Observer

The U.S. State Department says the American peace envoy to Afghanistan, Zalmay Khalilzad, will not be going to the Afghan capital, Kabul, while in the region on his latest peace mission because of the …

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