We can come out with an announcement of the acquisition of the stake in next 10 days or so," BPCL Director (Finance) N Vijayagopal told reporters on an earnings call. OQ S.A.O.C. was formerly known as ... ( read original story ...)
Singapore to taper spending in 2021 after record budget deficit
Singapore is expected to announce next week an expansionary but trimmed down budget to support businesses still struggling, having delivered an unprecedented fiscal stimulus last year to help the ... ( read original story ...)
Singapore pharma firm debuts on Korean main bourse
The firm develops biosimilars, new antibody therapeutics. Singapore-based biopharmaceutical company Prestige BioPharma has become the first Singapore company to be listed on the Korea Exchange (KOSPI) ... ( read original story ...)
UAE Central Bank Sees Strong Rebound as Use of Covid Fund Drops
The United Arab Emirates’ central bank stood by its forecast for a return to growth in 2021 after lower crude prices and pandemic restrictions hit the Arab world’s second-largest economy. ( read original story ...)
INSIGHT-Deserted debts stir disquiet in the mysterious world of Dubai Inc
Dubai's debts have always been something of a mystery for investors but since the coronavirus pandemic hit its economy, things have got hazier, some say. ( read original story ...)
Amount of allocations for Azerbaijan’s entrepreneurship dev’t in 2020 revealed
The Entrepreneurship Development Fund operating under the Ministry of Economy of Azerbaijan provided entrepreneurs with preferential loans worth 126.9 million manat ($74.6 million) in 2020 via the ... ( read original story ...)
Azerbaijan’s Entrepreneurship Development Fund announces 2021 dev’t strategy
The Entrepreneurship Development Fund operating under the Ministry of Economy of Azerbaijan has defined a strategy for the development of entrepreneurship for the current year, Chairman of the Fund’s ... ( read original story ...)
Sri Lanka on positive and steady path for economic recovery, says Cabraal
State Minister of Finance, Capital Markets, and State Enterprise Reforms Ajith Nivard Cabral says Sri Lanka is on track now to enacting an effective economic recovery to swiftly close the gap between ... ( read original story ...)
AIIB grant for funding sectors in Sri Lanka most affected by Covid-19
The Asian Infrastructure Investment Bank (AIIB) has agreed to grant the ‘Sri Lanka COVID-19 Emergency and Crisis Response Facility’ for funding sectors such as tourism, apparel, construction, trade, ... ( read original story ...)
Saudi sovereign wealth fund anchors new $300m Shariah credit fund
More sovereign wealth funds set to invest in the region in response to uncertain economic situation, says NBK Capital Partners boss ... ( read original story ...)