Bank also expects one-fifth of local currency debt to be wiped off in renegotiations with creditors Lebanon’s creditors may have to write off almost two-thirds of the value of their foreign currency ... ( read original story ...)
Azerbaijan to boost defence expenditures in 2021
Azerbaijan’s defence and security budget will amount to $2.33 billion (AZN 3.95 billion) in 2021, compared to $2.27 billion (AZN 3.85 billion) in 2020. ( read original story ...)
Uzbekistan Secures FDA Loan to Finance Hydropower Projects
Uzbekistan has secured a 20-year loan agreement worth EUR 55.8 million with the French Development Agency to finance the building of new hydropower plants and the modernisation of existing ones. The ... ( read original story ...)
Russia’s Lavrov lands in Syria for talks with Assad – RIA
Russian Foreign Minister Sergei Lavrov arrived in Damascus on Monday for talks with President Bashar al-Assad and Syria's foreign minister, the RIA news agency reported. Russia is a close ally of ... ( read original story ...)
Uzbekistan Secures FDA Loan to Finance Hydropower Projects
Uzbekistan has secured a 20-year loan agreement worth EUR 55.8 million with the French Development Agency to finance the building of new hydropower plants and the modernisation of existing ones. The ... ( read original story ...)
Oil Price Fundamental Daily Forecast – Saudi’s Attempt to Stimulate Demand with Deep Price Cuts to Asia
The world’s top oil exporter Saudi Arabia cut the October official selling price for light crude it sells to Asia by the biggest margin since May. ( read original story ...)
New laws set to shape e-commerce ecosystem in Bahrain
Mr Alzayani said Bahrain has been an early adopter of 5G or the fifth generation ... The minister called on SMEs to adopt e-commerce channels, go for an accelerated business continuity plan, and ... ( read original story ...)
Bahrain’s Investcorp invests in Chinese smart services firm Terminus Technologies
Bahrain-based asset manager Investcorp said it invested in a Chinese smart services company Terminus Technologies, as it continues to expand its portfolio of technology companies. Terminus specialises ... ( read original story ...)
Major savings as Bahrain MPs work online
“Will we continue remotely, return to a conventional way of conducting business, or a mixture of both? Now we can select any option, as we are prepared.” Mr Bunajma said the all parts of parliamentary ... ( read original story ...)
Turkey’s lira weakens to new record low against dollar
Turkey's lira hit a fresh record low on Monday, continuing a declining trend over concerns regarding sticky inflation, loose monetary policy and the central bank's depleted forex reserves. The lira ... ( read original story ...)