The notes offered are subject to a one-year non-call and three-year reinvestment period, Investcorp said. The Bahrain-based alternative investment manager’s Credit Management business has $13 billion …
COVID-19 Means Development Setbacks for Mongolia
Mongolia has recorded very few cases of COVID-19, less than 300 as on date, despite its more than 4,000 kilometre porous border with China. However, the country faces a major economic impact from the …
Kuwait’s KIPIC starts operation of gas line feeding Al-Zour
DUBAI – Kuwait Integrated Petroleum Industries Co (KIPIC) has begun operating the gas line that will feed its long-delayed Al-Zour refinery, state news agency KUNA said on Tuesday. Originally planned …
Singapore spy case reawakens fears China recruiting on island state
The case of a Singaporean caught spying for China in the United States has reawakened fears over China recruiting intelligence assets on an island state which has won trust among Western governments …
IMF Bailout May Be Half What Lebanon Sought When Talks Began
Lebanon had its rating cut to the lowest grade by Moody’s, which says that bond investors will likely suffer major losses on their holdings as the government struggles to secure aid to ease a …
PROJECTS: Lebanon’s financial woes to worsen without IMF bailout
Lebanon is on the edge and could plunge into a total financial and economic collapse after the failure of negotiations with the International Monetary Fund (IMF) for bailout due to rifts within the …
Volunteers came to the rescue as virus raged in Kyrgyzstan
When his mother began deteriorating from the coronavirus two weeks ago, Bektour Iskender knew that hospitals in Kyrgyzstan’s capital, Bishkek, were full. So he turned to Twitter …
Cambodia’s PM Earns $2,500 a Month. Where Did He Get So Many Million-Dollar Watches?
I definitely wouldn’t see a man of Hun Sen’s status having any issue with getting his hands on a model like this.” However, Hun Sen came from humble beginnings, and has been in either the military or …
Malaysia ex-PM Najib given 12 years in jail in 1MDB looting
A Malaysian court sentenced former Prime Minister Najib Razak to serve up to 12 years in prison on Tuesday after finding him guilty of crimes involving the multibillion-dollar looting of the 1MDB …
Malaysia’s ex-PM Najib guilty in 1st trial for 1MDB looting
A court has sentenced former Malaysian Prime Minister Najib Razak to serve up to 12 years in prison after finding him guilty of crimes involving the multibillion-dollar looting of a state investment …