Fadel Marzouk, Chairperson of the Apparel Export Council of Egypt (AECE), stated that the 10% tariff recently imposed by the United States on clothing imports presents a strategic opportunity for Egypt to expand its presence in the US (...)
The director of the United Nations' trade agency warned on Friday that retaliatory tariffs and countermeasures could have a "catastrophic impact" on developing countries, potentially worse than cuts to foreign aid.
The International Trade Centre (...)
Global coal-fired power capacity grew by just 18.8 gigawatts in 2024, its smallest increase in two decades, according to data from Global Energy Monitor (GEM). Despite a record surge in renewables, 44 GW of new coal power was commissioned, (...)
انتشرت على مواقع التواصل الاجتماعي، مشاهد مروعة للانهيارات التي أسفر عنها زلزال ضخم ضرب ميانمار، ودول مجاورة بلغ قوته 7.9 درجة على مقياس ريختر بحسب "مركز شبكات الزلازل الصيني"، فيما أعلنت هيئة المسح الجيولوجي الأمريكية أن قوة الزلزال 7.7 درجة.
وشهدت (...)
Bangladesh signed two financing agreements with the World Bank (WB) totalling $900 million to enhance environmental sustainability, inclusive growth, and climate resilience, the bank announced on Tuesday.
The $500 million Second Bangladesh Green and (...)
The volume of trade exchange between Egypt and the D-8 Organisation for Economic Cooperation member states increased to reach $7.9 billion during the first 10 months of 2024, compared to $8 billion during the same period in 2023.
Meanwhile, Egyptian (...)
President Abdel Fattah El-Sisi announced on Thursday Egypt's plans to ratify the Preferential Trade Agreement (PTA) under the D-8 Organisation for Economic Cooperation, underscoring the nation's commitment to enhancing trade among member (...)
Pakistani Prime Minister Muhammad Shehbaz Sharif arrived in Cairo today for an official visit to Egypt, where he will lead Pakistan's delegation at the 11th Summit of the Developing Eight (D-8) countries. The summit, taking place in Cairo from 18-19 (...)
On Wednesday, Egyptian President Abdel Fattah Al-Sisi welcomed Indonesian President Prabowo Subianto during his official visit to Egypt. The two leaders held a bilateral meeting followed by an expanded session attended by Egyptian Foreign Minister (...)
Preparatory meetings for the Developing Eight Organisation for Economic Cooperation (D-8) Summit began in Cairo on December 16th, with member states gathering at the commissioner level to discuss key agenda items. The meetings, chaired by Egypt, are (...)
Bangladesh's foreign exchange reserves dropped to $18.61 billion by the end of November 2024, a decrease of $1.23 billion, as per the latest data from the country's central bank.
According to the International Monetary Fund's calculation method, the (...)
The Asian Development Bank (ADB) finalised a $24.3 million financing package with Muktagacha Solartech Energy Limited (MSEL) to develop a 20-megawatt solar photovoltaic power plant in Mymensingh, Bangladesh.
The package includes a $15.5 million loan (...)
Bangladesh has significantly reduced its power purchases from India's Adani Power, cutting the supply in half due to lower winter demand and ongoing disputes over unpaid dues, government officials told Reuters on Monday.
Adani Power, which had (...)
أدان الرئيس الأمريكي السابق والمرشح الحالي للانتخابات الأمريكية دونالد ترامب، الهجمات التي يتعرض لها الهندوس والمسيحيين والأقليات الأخرى في بنجلاديش
وأشار ترامب خلال منشور له على موقعه إكس: إلى "حالة الفوضى" التي تمر بها البلاد.
وقال ترامب إن هذا (...)
The Bangladesh Power Development Board (BPDB) will open tenders for 10 solar power plants totalling 500 MW capacity, in line with the country's goal of achieving net-zero emissions by 2050.
The tender process is expected to commence in the first (...)
The World Bank (WB) revised on Thursday its growth forecast for South Asia upward to 6.4 per cent from earlier projections of 6 per cent, citing strong domestic demand in India and faster recoveries in most of most of the region's (...)
The World Bank (WB) has announced a record $42.6 billion in climate finance for fiscal year 2023/24, marking a 10 per cent increase from the previous year.
This funding, which spans from July 1, 2023, to June 30, 2024, underscores the institution's (...)
The World Bank is committed to supporting critical reforms for inclusive and sustainable growth, said Vice President for South Asia, Martin Raiser during his visit to Bangladesh on Thursday.
During his visit, Raiser met with Professor Muhammad (...)
Bangladesh Bank has around $20 billion, Xinhua reported on Tuesday citing the central bank's spokesperson and executive director Husne Ara Shikha.
"According to the latest data, foreign exchange reserves amount to 24.3 billion dollars. It is close (...)
The Asian Development Bank (ADB) has expressed its commitment to assisting the Bangladeshi interim government in implementing crucial structural reforms, according to Xinhua on Monday.
A senior ADB delegation, led by South Asia Director General (...)
Bangladesh's trade deficit for the fiscal year 2023-2024, spanning from July 2023 to June 2024, decreased by over 18 per cent to $22.43 billion compared to the previous year, according to the latest data from Bangladesh Bank.
The central bank's (...)
Algeria has officially become a member of the BRICS New Development Bank (NDB), according to the bank's president, Dilma Rousseff.
According to the Algeria Press Service, the approval came during the NDB's 9th annual Board of Governors meeting, held (...)
Bangladesh's central bank, Bangladesh Bank is set to raise interest rates to 9 per cent from the current 8.5 per cent in the coming days, Governor Ahsan H. Mansur told the BBC in an interview on Thursday.
The move, Mansur said, aims to curb soaring (...)
The Government of Bangladesh (GOB), with assistance from the GFDRR Japan-World Bank Program, is working on innovative infrastructure solutions to enhance community resilience in flood-prone areas, as per a World Bank report.
Bangladesh is highly (...)
Fitch Ratings has expressed concerns over the potential impact of recent political unrest in Bangladesh on the country's credit profile. The rating agency downgraded Bangladesh's rating to 'B+'/Stable in May 2024 due to weakening external (...)
