Israel’s Finance Ministry is discussing an initial public offering of a stake in one of the country’s largest companies, state-owned Israel Aerospace Industries Ltd., to help fund a budget stretched …
Azerbaijani ministry discloses number of taxpayers appealing for financial support
BAKU, Azerbaijan, June 9 By Fidan Babayeva – Trend: A total number of 142,609 Azerbaijani taxpayers affected by the COVID-19 pandemic, of which 28,319 are taxpayers and 114,290 private (micro) …
Masdar seals 500MW wind farm project deal in Uzbekistan
Abu Dhabi-based Masdar said it has signed an agreement with the Uzbeg Ministry of Investments and Foreign Trade and JSC National Electric Grid of Uzbekistan to design, finance, build and operate a 500 …
Bharti Airtel makes further inroads in Bangladesh; buys additional stake in telco from NTT Docomo
One of India’s biggest telecom operators Bharti Airtel has strengthened its presence in neighboring Bangladesh with acquiring an additional 6.3% stake in Robi Axiata from Japan’s NTT Docomo.
GDP to grow 1% next fiscal, 1.6% for current fiscal year, WB forecasts on Bangladesh
Besides, the country is likely to witness a mere 1% growth in GDP in the next 2020-21 fiscal year as the virus-related economic disruption will not end anytime soon. The global lender made the …
Bangladesh leads climate-threatened nations in push for global action
Bangladesh vowed to put pressure on nations fuelling global warming to cut emissions and help address the plight of people displaced by climate change as it stepped up to head a group of 48 countries …
Pakistan to target 2.3% growth in FY21 budget as economy recovers from pandemic
Pakistan will target growth of 2.3% in fiscal year 2020-21, according to government officials and documents seen by Reuters that said the economic landscape would depend mainly on the country’s …
Protests leave permanent imprint on Hong Kong’s streets
Torn up paving stones filled-in with concrete, cages erected over bridges and security guards on campus entrances — protests have left a permanent imprint on Hong Kong’s streets after a year of …
Hong Kong government to take stake in Cathay Pacific
The Hong Kong government will take a stake in Cathay Pacific and increase its influence over the airline’s board as part of a HK$39bn (US$5bn) rescue plan. In what marks a rare direct purchase by the …
Nemir Kirdar, father of private equity globally, dies at 83
The former Chase Manhattan banker founded Bahrain’s Investcorp and ran the alternative investment firm for more than three decades …