July 17, 2019
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July 3, 2019

India has pledged to contribute USD 5 million in 2019 to the UN Palestine refugee agency, even as it voiced concern over the agency's difficult financial situation due to voluntary contributions from a limited donor base and called for ensuring sustained fiscal support for its work.

India's Deputy Permanent Representative to the UN Ambassador K Nagaraj Naidu said the Government of India has increased its annual financial contribution fourfold"...

 

July 17, 2019

The Abu Dhabi-based Khalifa Fund for Enterprise Development (KFED) has signed a partnership agreement with the Ethiopian Ministry of Finance aimed at providing over $100 million to help promote a culture of innovation and entrepreneurship in the African country.

The new agreement, which was signed by Hussain Jasim Al Nowais, chairman, KFED and Admasu Nebebe, Ethiopian Minister of Finance, will help pave the way in enhancing innovation and supporting entrepreneurs in Ethiopia, a statement said.

Al"...

 
 
July 17, 2019

Rwanda’s mobile industry has joined forces with the GSMA to drive mobile internet adoption and increase digital literacy in the country. It was announced at the ‘Mobile 360 Africa’ event in Kigali this morning that local operators Airtel and MTN will commence a programme of activity around digital inclusion as part of the GSMA’s We Care initiative in Rwanda. We Care is launched in collaboration with Rwanda’s Ministry of ICT and Innovation and the Rwanda Utilities Regulatory Authority (RURA), supporting government efforts to boost ICT penetration and digital services across the country.

“I"...

 
 
July 16, 2019

A bus came to a halt amid a tropical rainforest not far from China’s border with Myanmar, dropping off about 30 investors on a property tour, some with children in tow. Their objective: to snap up a piece of China’s hottest real estate.

Hostesses led the visitors down a winding path hemmed in by frangipani, palm and banana trees. A stone Bodhisattva in lotus position announced their arrival at the showflat.
One of the investors was already on a video call, trying to persuade a friend to buy in. Another praised the curative powers of Xishuangbanna’s"...

 
 
July 16, 2019

Even after losing almost 20 per cent of its value since the 2016 Brexit referendum, Britain’s pound continues to be dogged by economic, politic and diplomatic pressures, meaning investors now fear it could be in for another chaotic lurch lower over the summer.
With sterling still acting as the clearest expression of financial markets’ take on Brexit risks, another currency storm is brewing a little over three months before the third Brexit deadline of 2019.
The favourite to be next prime minister, Boris Johnson, sees that October 31 date as set in stone, regardless of whether or not a deal is achieved with the European"...

 
 
July 16, 2019

Turkey’s central bank is expected to make a deeper than previously expected cut in its key interest rate this month after President Tayyip Erdogan dismissed its governor, a Reuters poll showed.
Erdogan sacked Governor Murat Cetinkaya on July 6, reigniting concerns over political interference in monetary policy and boosting rate cut expectations to revive the recession-hit economy.
The median of forecasts compiled from 18 institutions showed the economists expected 200 basis point rate cut in the policy rate on July 25 after the dismissal of Governor Murat Cetinkaya, compared to 100 basis points beforehand.
Erdogan told"...

 
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