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 …
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 …
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 …
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 …
Corporate tax in UAE will turn away investors, says GWS Group chairman
The introduction of a corporate tax in the UAE will turn away international investors and wealthy residents, according to the chairman of tax advisory GWS Group, in response to a prediction by Emirati …
Israel halts coronavirus cellphone surveillance, official says
Israel’s internal security service Shin Bet has halted its cell-phone tracking of coronavirus carriers, an official said on Tuesday, citing the success of alternatives to the controversial method of …
U.N. forced to cut aid to Yemen, even as the coronavirus increases need
Aid organizations are making an urgent plea for funding to shore up their operations in war-torn Yemen, saying they have already been forced to stop some of their work even as the coronavirus rips …