China is currently piloting a digital currency poised to challenge big tech companies that hold a portion of the country’s financials, as well as the threat of Bitcoin and other cryptocurrencies. ( read original story ...)
Second city in China to test all city residents for coronavirus
Another city in China will test all of its residents for the coronavirus after Wuhan, the original center of the p ... ( read original story ...)
ADB expands trade finance programme to support private sector in Bangladesh
By Business Desk :The Asian Development Bank (ADB) has expanded the Trade Finance Program (TFP) to support private sector in Bangladesh by raising its financing limit to $755 million from $518 million ... ( read original story ...)
WFP’s appeal to help Bangladesh
We appreciate the World Food Programme (WFP) issuing an urgent call for USD 320 million to provide food and financial assistance to the most vulnerable families in Bangladesh during this pandemic. ( read original story ...)
Macquarie Surrenders Office Space in Hong Kong’s Top Building
Macquarie Group Ltd. is handing back a portion of its office space in Hong Kong’s One International Finance Centre, a move expected to become increasingly popular among finance firms in the city. ( read original story ...)
Bank ABC Group Enters Founding Partnership Agreement With Bahrain FinTech Bay
Bank ABC, founded in 1980, is listed on the Bahrain Bourse and our major shareholders are the Central Bank of Libya and Kuwait Investment Authority. Bank ABC is a leading provider of Trade Finance, ... ( read original story ...)
Iraq pledges to further cut oil output
Iraq will further cut its oil output and remains committed to the OPEC+ deal, finance minister and acting oil minister Ali Abdul Ameer Allawi said on Twitter. OPEC and its allies such as Russia are ... ( read original story ...)
Major New Report on Economic Effects of COVID-19 in Iraq
KAPITA has compiled a study about the economic effects resulting from the COVID-19 Pandemic. The research aims to provide insights and recommendations to tackle the challenges and opportunities that ... ( read original story ...)
South Korea Announces $29 Billion Third Stimulus Budget to Fight Virus Misery
South Korea unveiled on Wednesday a 35.3 trln won ($28.8 billion) supplementary budget, to raise the total stimulus to 270 trillion won for an economy facing its worst growth since the 1998 Asian ... ( read original story ...)
Turkey’s Surging Money Supply Revives Fears of Inflation Takeoff
Turkish policy makers are pumping money into the economy at the fastest pace in over a decade to contain the fallout of the coronavirus pandemic, a move that risks weakening the currency and stoking ... ( read original story ...)