Bangladesh is exploring ways to kick-start tourism in line with the health and safety protocols after the coronavirus pandemic laid waste to the industry, inflicting billions of takas in losses.
SocGen shuts Singapore trade commodity desk after Hin Leong hit
Societe Generale is closing its trade commodity finance unit in Singapore after the collapse of Hin Leong Trading prompted the bank to halt fresh funding to such firms in the region.. Read more at …
Ski Dubai, Dubai Sports Council to host first snow sports competition following COVID-19 closures
The inaugural event will be one of the first snow sports competition in the world to be held with social distancing measures in place …
Dubai Courier App Raises Funds for Saudi Arabia Expansion
Fetchr secured at least $15 million in fresh funding to expand in Saudi Arabia as part of a turnaround plan that saved the Dubai-based courier app from collapse.
Between the US and China, new trade roads lead to Afghanistan – and fierce competition
The Beijing-Washington rivalry has extended to the war-torn country in the dash to build corridors linking Central Asia, South Asia and the Middle East.
North Korea’s economy grew for first time in 3 years – South Korea
The economy of isolated North Korea grew for the first time in three years in 2019 as better weather conditions boosted crop yields, but sanctions imposed to stop its nuclear ambitions kept factory …
Iran’s stock market surges past key level to record high, as analysts warn of bubble
Iran’s main stock index broke through the key 2 million point mark for the first time ever on Sunday, state media reported, amid warnings that the market is overheating. The Tehran Stock Exchange’s …
AIIB in discussion with India for financing of ambitious $8-billion health infrastructure scheme
The Beijing-based multilateral funding agency had earlier approved a financial assistance of USD 1.2 billion for India to fight the COVID-19 pandemic.
Sri Lankan financial hub may give competition to India’s GIFT City: Report
Sri Lanka is working on a financial hub, with help from China, that could give India’s GIFT City some competition. Sri Lanka has recently given tax incentives for the Colombo International Finance …
US House passes missile-defense budget for Israel valued at $500m.
The US House of Representatives passed on Friday an aid package to Israel valued at $500 million designated for assistance to Israel in missile-defense, JNS reported. The financial aid will mostly go …