Former Malaysian prime minister Najib Razak was found guilty on Tuesday on all seven corruption charges in his first trial linked to a multi-billion dollar scandal at state fund 1Malaysia Development …
Iraq issues ‘total curfew’ for Eid al-Adha
Iraq is instituting a “ total curfew ” for the upcoming Eid al-Adha holiday. The curfew will be in place from July 30 until Aug. 9, according to a statement today from the Iraqi government. Past total …
Shares in Philippines’ new telecom firm surge after Duterte threatens rivals
Shares in top Philippine telecom firms PLDT Inc and Globe Telecom Inc fell on Tuesday after a threat by President Rodrigo Duterte to shut them down, while firms run by a telecom newcomer with ties to …
Indonesia’s 2021 fiscal deficit seen expanding to 5.2% of GDP
Indonesia’s government will propose to parliament expanding its 2021 fiscal deficit assumption in Southeast Asia’s biggest economy to 5.2% of gross domestic product (GDP), Finance Minister Sri Mulyani …
Qatar set to offer massive tourism infrastructure investments: al-Baker
Qatar will have ‘massive’ tourism infrastructure investments that will be on offer, said HE Akbar al-Baker, Qatar Airways Group chief executive and secretary-general of Qatar National Tourism Council.
Qatar SportsTech officially launches new pre-accelerator programme EntelaQ
Qatar SportsTech (QST), a leading startup accelerator and hub for innovative sportstech companies in Qatar, has announced the launch of its new pre-accelerator programme, EntelaQ.
Cost-reflective tariffs force large power customers to cut usage in Oman
A study commissioned by the Authority for Electricity Regulation (AER) Oman has found that the majority of Oman’s large electricity consumers have cut their annual consumption in the wake of the …
RPT-Tokyo, Sydney aim to lure edgy HK financial firms, but Singapore a top draw
High taxes and costs, bloated bureaucracies and cultural differences in some of these Asia-Pacific nations present formidable challenges for the Hong Kong financial institutions to relocate even …
Lebanon Is Now Rated as Low as Venezuela After Moody’s Cut
Lebanon had its rating cut to the lowest grade by Moody’s Investors Service, which said that bond investors will likely suffer major losses on their holdings as the government struggles to secure aid …
UAE remittances business set for rebound
Al Ansari said the relatively less adverse impact on remittance business comes as a result of the UAE government’s balanced approach in managing the pandemic and minimise its effect on the state of …