China increases foreign exchange reserve requirement
The increase has been made from five percent to seven percent and will be effective from 15 June 2021
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Nigeria’s debt is sustainable: DMO
DMO stated this despite the negative toll the debt profile is currently facing on the country’s economy
LNG expansion to boost Qatar’s GDP: BOA
It will also add to the fiscal surpluses to high-single digits and mid-single digits on average over 2021-2027
Kuwait Airways increases direct flights from the Philippines
The domestic labour market is to witness a breakthrough in the number of workers hired from the Philippines
Japan-based IDEMIA launches its first banking card
The card service is compliant with the JIS2 standard certified by Visa and JCB
MiCare HealthTEC to secure $60 mn investment from IFC and Mitsui
Zuellig Pharma will continue to remain the largest shareholder of MiCare, which will be led by Moses Hee
Azizi Developments’ Dubai project nears completion
The well-connected condominium 499-unit project, Star is located in Al Furjan and is 98% ready for handover
Vitreo launches copper fund to boost green economy
Increasing demand for a greener economy will attract global investors to the copper sector
ADB to finance 144 MW wind projects in Vietnam
The three wind projects are financed for $173 mn with a capacity of 48 MW each
ADNOC signs sales agreement with UAE firms
The long-term agreement has been signed with Emirates Steel and Arkan