Leading Sri Lankan Financial Services provider HNB FINANCE, recently had its National Long-term rating upgraded to ‘AA-(lka)’ with a negative outlook following the recalibration of Fitch’s rating …
Without urgent reforms, Iraq economy is seen facing irreparable shocks
Iraq’s Minister of Finance Ali Allawi speaks during an interview at his residence in the capital Baghdad on Monday. The country’s economy could reach irreversible lows within the next year unless …
MoneyGram’s New Tie-Up to Bolster Presence in South Korea
MGI recently collaborated with Global Money Express Co., Ltd (“GME”), which has emerged as a leading money transfer company in South Korea. The partnership enables GME to have access to MoneyGram’s …
Myanmar provides 22 mln USD loans to pandemic-hit business
NAY PYI TAW, June 24 (Xinhua) — The Myanmar government has provided 31.8 billion kyats (22 million U.S. dollars) loans to the most vulnerable business affected by the COVID-19, an official from the …
Pompeo hopeful world will understand need to extend Iran arms embargo
The United States is hopeful the entire world will understand the need to extend a U.N. arms embargo on Iran and said Washington was willing to talk to Tehran when the time was right, U.S. Secretary …
Iran warns exporters as it seeks to stabilise falling rial
Hassan Rouhani, Iran’s president, warned exporters that they risk prosecution if they keep their foreign currency earnings offshore as Tehran struggles to stabilise the plummeting rial. The Iranian …
Senate demands 40 amendments in Finance Bill, 2020
Senators for raise in salary, pensions, more allocation for health, education sectorsISLAMABAD: The upper house of the parliament on Wednesday unanimously adopted recommendations of the Senate Sta …
Pakistan gets reprieve from terror financing watchdog FATF
Pakistan received another extension on the “greylist”, as the Financial Action Task Force (FATF) plenary session on Wednesday decided to continue all countries under scrutiny for Terror Financing and …
Pakistan gets FATF reprieve
Pakistan received another extension on the “greylist”, as the Financial Action Task Force (FATF) plenary session on Wednesday decided to continue all countries under scrutiny for Terror Financing and …
Alphabet’s CapitalG leads $27.5 million round in India’s Aye Finance
CapitalG, the growth equity arm of Alphabet, is doubling down on its bet on Aye Finance, an Indian startup that operates a digital lending platform for small businesses. On Wednesday, the …