Sri Lanka's consumer price inflation dropped significantly to 2.5 per cent in March, Reuters reported on Monday, citing an official,
This represents a welcome decline from 5.1 per cent in February and offers a glimmer of hope for the nation's (...)
The International Monetary Fund's (IMF) Board has approved a significant amendment aimed at granting a greater flexibility to assist countries in crisis, even while negotiations with major creditor governments such as China are ongoing, Reuters (...)
Debt for climate and nature swaps, a mechanism where indebted countries receive debt relief in exchange for environmental conservation, could generate $100 billion to combat climate change, according to a report by the International Institute for (...)
The World Bank (WB) upgraded its forecast for Sri Lanka's economy, predicting 2.2 per cent growth in 2024 as the nation recovers swiftly from a severe financial crisis, as reported by Reuters on Tuesday.
Sri Lanka received a $2.9 billion IMF bailout (...)
Central Bank of Sri Lanka unexpectedly cut interest rates by 50 basis points, aiming to spur growth amid its worst financial crisis in decades, according to Reuters.
The move, reduced the Standing Deposit Facility Rate (SDFR) and the Standing (...)
The International Monetary Fund (IMF) announced on Thursday that it had reached a staff-level agreement with the Sri Lankan authorities on economic policies to conclude the second review of the four-year programme and the 2024 Article IV (...)
The risk of government defaults in emerging markets is decreasing, fueling a bond rally, especially in junk-rated sovereign debt, marking its strongest start since 2019, Bloomberg reported.
Factors such as a $1 trillion effort to rebuild prospects (...)
Daraz Group, an Alibaba-owned e-commerce platform, has announced layoffs across the group in an effort to establish a more efficient and flexible structure, according to an internal memo reviewed by Reuters on Tuesday.
However, the memo did not (...)
Fuel sales in Singapore, one of the busiest ports in the world, are rising as a result of the Red Sea shipping crisis, as per a Bloomberg report on Thursday.
According to data from the port authority, sales volumes increased by 12 per cent in (...)
Kenya's eurobonds, which mature in June, saw a sharp increase after the country's announcement that it would be selling new securities and making an offer to buy back its $2 billion in debt, Bloomberg reported.
According to a government statement, (...)
The United Nations reported on Monday that children in South Asia are struggling more than the rest of the world due to extreme water scarcity, which is exacerbated by climate change.
According to the UN children's agency, 347 million children under (...)
Sri Lanka's inflation decreased to 12 percent in June, according to data published on Saturday, the lowest since the country was plunged into an unprecedented economic crisis last year.
Sri Lanka's central bank said inflation was expected to be (...)
United Nations Secretary-General António Guterres has appointed Egyptian Hanaa Singer Hamdy as the United Nations Resident Coordinator in Nepal, as she took her post on 1 January, according to United Nations' statement on Thursday.
Hamdy expressed (...)
President of Sri Lanka Ranil Wickremesinghe left the country this morning heading to Egypt to address climate change issues in Sri Lanka and around the world on 7 and 8 November at the UN climate summit COP27.
Wickremesinghe will also attend the (...)
The booming digital economy in many African countries like Nigeria and Egypt raises the hopes for more revenues for the countries in their COVID-19 fatigued economies.
More tax revenues derived from the digital economy could help governments of (...)
طوابير ممتدة لأيام وعلى مسافة عشرات الكيلومترات، أمام محطات الوقود في سريلانكا، أملاً في الحصول بضعة لترات من الوقود، لتزويد السيارات سواء كانت الخاصة أو سيارات التوكتوك، بحسب ما تداولته وكالة «نوفوستي» الروسية للأنباء.
أزمة اقتصادية
وتعاني (...)
أظهرت مقاطع فيديو، متظاهرو سريلانكا بعد اقتحام المقر الرسمي للرئيس السريلانكي، غوتابايا راجابكسا، وهم يسبحون داخل حمام السباحة الخاص بالرئيس، فيما ظهر آخر وهو يجلس على مقعده ممسكا بثمرة موز، حسبما نقلت مواقع التواصل الاجتماعي ووسائل إعلام عالمية (...)
تداول نشطاء مواقع التواصل الاجتماعي مقاطع فيديو لاقتحام المقر الرئاسي في سريلانكا، حيث أظهرت المقاطع اقتحام حشود من الشعب السريلانكي لمقر الرئيس جوتابايا راجابكسا، الذي فر من المقر الرسمي في العاصمة كولومبو، صباح اليوم السبت، كما أوضح الفيديو (...)
With a high turnout of artists, intellectuals, families, and official representatives, Dandy's International Month for cultural exchange kicked off on Friday with the participation of several countries, including China, India, Turkey, Russia, and (...)
تلجأ بعض الدول إلى تغيير اسمها لأسباب عدة، آخرها كان تركيا، بعد أن ارتبط الاسم السابق بترجمة «الديك الرومي» باللغة الإنجليزية، ليتحول اسمها من «Turky» إلى «Turkiye»، وفق ما ذكرته وسائل إعلام تركية محلية وعالمية، واعترفت الأمم المتحدة رسميًا بتركيا، (...)
Mohamed Abdel Wahab, Executive Director of the General Authority for Investment and Free Zones (GAFI), met with ambassadors of 24 countries to Cairo, to discuss investment cooperation.
He presented the Egyptian government's plan to improve the (...)
Russia and Ukraine accounted for a combined 3% of global spending on international tourism in 2020 and a minimum of $14bn in global tourism receipts could be lost if the conflict extends into the long-term, according to the World Tourism (...)
Telecom Egypt (TE) announced on Tuesday it is extending its reach through the Southeast Asia-Middle East-Western Europe 6 (SEA-ME-WE 6) subsea cable, as part of the cable's consortium. The new cable is set to cross Egypt over the company's (...)
Telecom Egypt (TE), Egypt's first integrated telecom operator and one of the largest subsea cable operators in the region, announced on Tuesday that it is extending its reach through the Southeast Asia-Middle East-Western Europe 6 (SEA-ME-WE 6) (...)
The Sri Lankan Embassy in Cairo gifted a group of books to the Capital Library of the New Administrative Capital (NAC) in the presence of Sri Lanka's Ambassador M.K. Pathmanaathan, and Director of the Arts and Culture City in the NAC Mohamed (...)