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    No other option except IMF to avoid default, says Pak minister

    No other option except IMF to avoid default, says Pak minister

    05 Aug 2022

    Federal Finance Minister Miftah Ismail on Friday admitted that Pakistan was close to default when they took power, adding that they had few options other than to go to...

    Masdar to develop renewable energy projects in Tanzania

    Masdar to develop renewable energy projects in Tanzania

    05 Aug 2022

    Masdar announced that it has signed an agreement with Tanzania Electric Supply Company Ltd. (TANESCO) related to the development of renewable energy projects with a total capacity of up to...

    MoIAT, EDGE sign MoU to establish Industry 4.0 Enablement Centre

    MoIAT, EDGE sign MoU to establish Industry 4.0 Enablement Centre

    05 Aug 2022

    The Ministry of Industry and Advanced Technology (MoIAT) and EDGE have signed a memorandum of understanding (MoU) to establish the UAE’s first Industry 4.0 Enablement Centre aimed at promoting, enabling,...

    Reserve Bank of India hikes repo rate by 50 basis points to 5.40%

    Reserve Bank of India hikes repo rate by 50 basis points to 5.40%

    05 Aug 2022

    The monetary policy committee (MPC) of the Reserve Bank of India (RBI) has unanimously voted to increase the policy repo rate by 50 basis points to 5.40 per cent. Consequently,...

    Philippine court dismisses case against Bangladesh CB

    Philippine court dismisses case against Bangladesh CB

    05 Aug 2022

    Manolo B. Jara, Correspondent A regional court in Metro Manila dismissed for lack of jurisdiction, the defamation suit filed by a local bank against the Bank of Bangladesh in...

    India’s software exports to hit high

    India’s software exports to hit high

    05 Aug 2022

    Inayat-ur-Rahman, Business Editor As India completes 75 years of Independence, the nation may look back with pride on the spectacular progress made by the country in all sectors of...

    OPEC+ decision to up output raises queries

    OPEC+ decision to up output raises queries

    04 Aug 2022

    The decision of the 23 countries comprising the Organisation of Petroleum Exporting Countries (OPEC) +, which includes Russia and will increase output by 748,000 barrels per day (bpd) in September...

    UAE’s first used battery recycling centre to open in Ras Al Khaimah

    UAE’s first used battery recycling centre to open in Ras Al Khaimah

    04 Aug 2022

    UAE’s first used battery recycling centre will be built in Ras Al Khaimah with an investment of Dhs62.4 million by Royal Gulf Industries. Ras Al Khaimah Economic Zone (RAKEZ) has...

    Bank of England increases rates by most in 27 years as recession looms

    Bank of England increases rates by most in 27 years as recession looms

    04 Aug 2022

    The Bank of England BoE) raised interest rates by the most in 27 years on Thursday, despite warning that a long recession is on its way, as it rushed to...

    Adnoc Drilling awarded more than $3.4 billion in contracts

    Adnoc Drilling awarded more than $3.4 billion in contracts

    04 Aug 2022

    Abu Dhabi National Oil Company (Adnoc) announced on Thursday two contracts totalling more than $3.4 billion (Dhs12.6 billion) have been awarded to Adnoc Drilling to hire 8 jack-up offshore rigs....

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