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    Suez Canal posts record revenue in April

    Suez Canal posts record revenue in April

    01 May 2022

    Egypt’s Suez Canal Authority announced on Sunday an all-time revenue record for April, earning $629 million following a series of toll hikes for vessels transiting the vital waterway. Connecting the...

    Saudi, Pakistan to discuss possible support for kingdom's $3 billion deposit

    Saudi, Pakistan to discuss possible support for kingdom's $3 billion deposit

    01 May 2022

    Saudi Arabia and Pakistan will discuss the possibility of supporting the kingdom's $3 billion deposit in Pakistan's central bank by extending its term "or through other options," a joint...

    India’s data centre industry to cross 1.3 GW capacity by 2024

    India’s data centre industry to cross 1.3 GW capacity by 2024

    30 Apr 2022

    V Nagarajan India’s capacity expansion by existing and new players in the data centre (DC) industry is expected to result in an additional capacity of 804 Megawatt (MW) during...

    Turkey’s Erdogan heading to Saudi Arabia to mend ties

    Turkey’s Erdogan heading to Saudi Arabia to mend ties

    28 Apr 2022

    Gulf Today Report Turkish President Tayyip Erdogan will travel to Saudi Arabia on Thursday for a two-day visit, his office said, marking the culmination of a months-long effort by...

    Cash-strapped Sri Lanka to sell long-term ‘golden’ visas

    Cash-strapped Sri Lanka to sell long-term ‘golden’ visas

    26 Apr 2022

    Cash-strapped Sri Lanka announced on Tuesday it would sell long-term visas to attract desperately needed foreign currency after the island nation ran out of dollars to pay even for food...

    Sri Lanka says India, World Bank consider $2 billion bridge finance

    Sri Lanka says India, World Bank consider $2 billion bridge finance

    23 Apr 2022

    Sri Lanka’s finance minister said that its neighbour India and the World Bank are considering extending about $2 billion in bridge finance so it can continue essential imports. The country...

    Cash-strapped Sri Lanka hit by record inflation

    Cash-strapped Sri Lanka hit by record inflation

    22 Apr 2022

    Crisis-hit Sri Lanka’s inflation hit a record high for the sixth consecutive month, official data showed on Friday as the government asked the IMF for an urgent bailout. The...

    IMF cuts global growth forecast due to seismic waves from Russia’s war

    IMF cuts global growth forecast due to seismic waves from Russia’s war

    19 Apr 2022

    The International Monetary Fund on Tuesday slashed its forecast for global economic growth by nearly a full percentage point, citing Russia’s war in Ukraine, and warning that inflation was now...

    India’s wholesale inflation high

    India’s wholesale inflation high

    19 Apr 2022

    High cost of ‘fuel and power’ due to the Russia-Ukraine war along with those of primary articles pushed up India’s March 2022 wholesale inflation to a 4-month high level. Accordingly,...

    Sri Lanka says IMF to consider request for rapid financial aid

    Sri Lanka says IMF to consider request for rapid financial aid

    19 Apr 2022

    The International Monetary Fund will consider providing quick financial assistance to debt-burdened Sri Lanka following representations by India, Sri Lanka’s finance ministry said on Tuesday. A delegation headed by Sri...

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