Japan’s exports plunged 26.2% in June from a year earlier, Ministry of Finance (MOF) data showed on Monday. The fall compared with a 24.9% decline expected by economists in a Reuters poll. It followed …
Belt and Road Initiative debt: how big is it and what’s next?
How much debt is belt and road racking up? There is no shortage of estimates, but Beijing has not offered a clear definition of what falls under the ‘belt and road’ umbrella, meaning there are no …
AM Best reaffirms PGA Sompo’s financial strength
Global credit rating agency AM Best has reaffirmed its ratings for PGA Sompo Insurance Corp., the joint venture between Prudential Guarantee and Assurance Inc. and Sompo Holdings Pte. Ltd.
Russia’s deoffshorisation – Cypriot collateral damage
According to TASS news agency, Cyprus suggested making exceptions for some groups of companies. Representatives of the Cypriot finance ministry demanded that a number of exemptions be made for …
Danish Company to finance training of Georgian engineers
(MENAFN – Trend News Agency) The Danish Company Danfoss will finance training of Georgian … company and after the company learnt that Georgia was carrying out energy reforms and that a law …
Finance Ministry sets out bleaker outlook for Israeli economy
Economy could contract by 5.9%-7.2% this year, due to the coronavirus pandemic; ministry forecasts budget deficit of 13%-14.2% of GDP …
Majlis Podcast: What Happened To The Aid Central Asia Got To Fight The Coronavirus?
Despite hundreds of million in aid from abroad, Kazakhstan, Kyrgyzstan, and Uzbekistan have all seen spikes in cases of the virus in recent weeks.
UAE- 2,584 companies operating at DIFC, 13% YoY increase
DUBAI, 18th July, 2020 (WAM) — Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, continued to drive the …
Syria’s Assad holds elections amid economic crisis, coronavirus concerns
This year’s voting comes as Damascus struggles to redress an economy battered by nine years of war, western sanctions and the fallout of a financial crisis in neighbouring Lebanon. Food prices in …
PriyoShop, IPDC Finance to provide interest-free capital for vendors
President of the e-Commerce Association of Bangladesh (e-CAB) Shomi Kaiser said … Managing Director and CEO of IPDC Finance Mominul Islam said: “The recent developments that e-commerce has brought …