Israel is at the cusp of a major health and economic crisis as it struggles to cope with COVID-19 and its after-effects. Weeks after the country lifted restrictions on its citizens, the number of …
ADGM inks partnership with IRENA to promote sustainable finance
ABU DHABI – Abu Dhabi Global Market, ADGM, and the International Renewable Energy Agency, IRENA, have announced the signing of a Memorandum of Understanding to signify their joint commitment to …
IRENA, ADGM partner to promote sustainable finance in the region
The International Renewable Energy Agency (IRENA) and Abu Dhabi Global Market (ADGM) have signed a Memorandum of understanding (MoU) to promote sustainable finance across the UAE and the wider region.
European banks implicated in Cambodia’s microcredit scandal
The unfolding microcredit scandal in Cambodia involves two well-respected European banks, BRED in France and Triodos Bank in the Netherlands. Both subscribe to the concept of “ethical banking.&qu …
China-backed AIIB approves loan of 661 mln euros for Kazakhstan’s COVID-19 response
The Beijing-backed Asian Infrastructure Investment Bank (AIIB) said on Monday it would lend 661.8 million euros ($746.84 million) to help the government of Kazakhstan mitigate the impact of the …
Freedom Holding Corp. Acquires Russian Brokerage Firm
ALMATY, KAZAKHSTAN / ACCESSWIRE / July 6, 2020 / Freedom Holding Corp. (FRHC) (the “Company”) today announced that the Company has concluded the acquisition of IC ZERICH Capital Management JSC …
Nepal’s ruling communist party’s meet to decide PM KP Sharma Oli’s future deferred again
A crucial meeting of Nepal’s ruling communist party to decide the political future of embattled Prime Minister K P Sharma Oli was postponed until Wednesday, a day after the Chinese ambassador met a …
Saudi Arabia ups August crude prices to Asia
Saudi Arabia’s state oil producer Aramco has hiked official selling prices (OSPs) for its crude to Asia by $1 a barrel in August, and raised the OSPs for almost all grades to Europe and the United …
Turkey bans six banks from betting against local stocks
“The rules are very clear. [The banks] failed to obey the rules.” Turkey is not alone in requiring investors to report short positions to financial authorities. European regulations require holders to …
Pakistan to avail Rs 335 billion debt relief from G20 to mitigate negative effects of COVID-19
ISLAMABAD: Pakistan will sign its debt relief agreement with G20 countries … as per media reports. A top official of the Finance Division told The News on Sunday that the work was in progress for …