Alafco's owners include Kuwait Finance House, Gulf Investment Corporation and state airline Kuwait Airways, according to its website. Get Breaking News Alerts From Gulf News We’ll send you ... ( read original story ...)
Lebanon Is Collapsing and Urgent Reform Is Desperately Needed | Opinion
A direct consequence of Hezbollah's political control is that Lebanon's financial system is rife with corruption, money laundering, drug smuggling and other illicit finance. As a result, many of ... ( read original story ...)
Finance minister Katz says he opposes reported holiday handouts
Finance Minister Israel Katz says he opposes further mass handouts to the public amid the coronavirus pandemic, amid reports Prime Minister Benjamin Netanyahu is seeking just that ahead of the High ... ( read original story ...)
Japan, South Korea Spat to Hit U.S. Plans?
Aug.03 -- A South Korean court is set to start liquidating assets of a Japanese company to compensate Koreans conscripted to work during colonial occupation. The move is expected to invite ... ( read original story ...)
Bangladesh’s foreign exchange reserve hits historic high
According to data provided by the Bangladesh Bank, the country's foreign exchange reserve stood at $37.18 billion as of July 29, which was $35.85 billion in June this year ... ( read original story ...)
Bangladesh may ditch 90% of its planned coal power
One third of the energy ministry’s budget has been allocated to capacity payments for idle power plants in the 2020-2021 financial year. With the IMF predicting that GDP growth in Bangladesh could ... ( read original story ...)
Indonesia Q2 GDP seen contracting by around 5% -deputy FinMin
Indonesia's Deputy Finance Minister Suahasil Nazara said on Tuesday the country's economic growth in the second quarter was estimated to have contracted by around 5% from a year earlier. Official ... ( read original story ...)
India’s once squeaky-clean HDFC Bank is now facing “strategic failure”
New technology is upending everything in finance. The crown jewel of India’s banking system is losing its sparkle. HDFC Bank, India’s largest private sector lender, which has in the past been ... ( read original story ...)
Macao gaming revenue down for 10th straight month in July
Closed border crossings have shut off tourists, leading to gaming revenue declines and July’s numbers were the third worst of 2020. ( read original story ...)
Li Ka-shing’s CK Asset makes first step in rescue of distressed Hong Kong developer Goldin as hostile creditors seize assets
Hong Kong's most-famous billionaire Li Ka-shing has sent a top lieutenant to help rescue a cash-strapped developer in the first major blow-up and restructuring to unfold from the city's property ... ( read original story ...)