China needs access to the dollar’s international plumbing system to finance its Belt and Road initiative. More than 70% of its international trade and a substantial portion of China’s incoming ... ( read original story ...)
China’s debt relief to support some stressed emerging markets: Fitch
China's pledge to relieve the debt burden owed to it by some emerging market governments could ease near-term liquidity pressures in nations struggling with the fallout from the coronavirus pandemic, ... ( read original story ...)
WB approves $500m to B’desh for road connectivity with India
World Bank Country Director for Bangladesh and Bhutan Mercy Tembon said ... which will be critical for emergency responses and business continuity in crises similar to the COVID-19 (coronavirus ... ( read original story ...)
Cyprus relaxes gathering regulations
The ban on big private gatherings had brought weddings to a standstill as a marriage ceremony of Cyprus style involves many hundreds of people lining to congratulate the newlyweds and give them a ... ( read original story ...)
Mongolians vote for parliament in shadow of coronavirus
Voters queue two meters apart to enter, with medical staff checking temperatures, passing out hand disinfectant and masks, and providing single-use plastic gloves to fill out ballot papers ... ( read original story ...)
Luxury Retailer in Kuwait Hires Citigroup to Advise on Options
Kuwait’s Boutiqaat hired Citigroup Inc. to explore strategic options for the online retailer of luxury goods and cosmetics, according to people with knowledge of the matter. ( read original story ...)
Kuwait luxury retailer Boutiqaat hires Citigroup to explore strategic options
Citigroup is said to be working with the Boutiqaat on possibilities including a partial sale of the business and fund raising ... ( read original story ...)
COVID-19: Kuwait lawmakers call on government to pay six months rent, 80% wag4es for SMEs
The lawmakers also proposed the state guarantee to pay rents of six months and 80 per cent of salaries as of July 1. They also proposed to facilitate banking procedures and extend payment periods, ... ( read original story ...)
Kuwait announces 846 new Covid-19 cases, 3 deaths
According to the country’s state-run Kuwait News Agency (Kuna), the country’s total number of confirmed coronavirus cases to date now stands at 41,879. In a statement, Kuwaiti Health Ministry ... ( read original story ...)
Covid-19: Oman announces 1,142 new cases
Omani authorities have detected 1,142 new confirmed cases of Covid-19 in the sultanate, it was announced on Wednesday. According to government statistics, Oman’s total number of Covid-19 cases now ... ( read original story ...)