The Entrepreneurship Development Fund operating under the Ministry of Economy of Azerbaijan provided entrepreneurs with preferential loans worth 126.9 million manat ($74.6 million) in 2020 via the …
Azerbaijan’s Entrepreneurship Development Fund announces 2021 dev’t strategy
The Entrepreneurship Development Fund operating under the Ministry of Economy of Azerbaijan has defined a strategy for the development of entrepreneurship for the current year, Chairman of the Fund’s …
Sri Lanka on positive and steady path for economic recovery, says Cabraal
State Minister of Finance, Capital Markets, and State Enterprise Reforms Ajith Nivard Cabral says Sri Lanka is on track now to enacting an effective economic recovery to swiftly close the gap between …
AIIB grant for funding sectors in Sri Lanka most affected by Covid-19
The Asian Infrastructure Investment Bank (AIIB) has agreed to grant the ‘Sri Lanka COVID-19 Emergency and Crisis Response Facility’ for funding sectors such as tourism, apparel, construction, trade, …
Saudi sovereign wealth fund anchors new $300m Shariah credit fund
More sovereign wealth funds set to invest in the region in response to uncertain economic situation, says NBK Capital Partners boss …
Russian oil trader to finance Iraq upstream project
Exclusive news, comment and analysis on the MENA region An unrivalled 20-year old archive Exclusive announcements on project news, bids, awards and updates The latest Industry data and competitor insi …
Vietnam’s banking industry set to be revolutionised by big data and cloud computing
AI, big data, and cloud computing are revolutionising industries and banking is no different. Banks in developing economies stand to benefit the most.
NBP to Shut Down its Branches in Bangladesh and Afghanistan
The management of the National Bank of Pakistan (NBP) has decided to shut down four of its branches in Bangladesh …
Indonesia c.bank says GDP recovery slower than expected, sees room for rate cuts
Indonesia’s economic contraction in 2020 was greater than the central bank had anticipated and the pace of the recovery was slower than expected, Bank Indonesia’s (BI) governor told lawmakers on …
Indonesia: FX Reserves climbed to record high – UOB
Economist Enrico Tanuwidjaja and Haris Handy at UOB Group assess the latest FX reserves figures in Indonesia. Key Quotes “Indonesia’s foreign exchange reserves increased by US …