Author: Admin
Pakistani businessmen are warning the government that if the import levy is not lifted, millions will lose their jobs. They are urging the administration to allow materials stuck at the Karachi port into the country. Steel, textile, and pharmaceutical industries have largely shut down, causing thousands of factories to close, which has deepened the unemployment problem and worsened the Pakistan economic crisis. Lack of cash causes Pakistani food shortages, unemploymentOnly essential items such as food and medicines are exempt from Pakistan’s ban on imports due to critically low dollar reserves. The ban is expected to remain until Pakistan convinces the…
LONDON, Feb. 13, 2023 (GLOBE NEWSWIRE) — Preqin, the global leader in alternative assets data, tools, and insights, published its Real Estate in Saudi Arabia 2023: Preqin Territory Guide. The report shows that while fundraising for closed end real estate funds in Saudi Arabia has been slowing in recent years, there may be an increase in activity this year with a number of funds currently open to investment. The Preqin Territory Guide series gives alternatives investors data-driven insight on the opportunities in a particular market or region. Monumental investments in real estate planned in Saudi Arabia Real estate is at the heart of Saudi…
In this new partnership, AFS will work with Brankas to create direct bank integrations to allow for easy credit scoring, payroll disbursements, account-to-account payments, and new bank account openings. SINGAPORE, Feb. 13, 2023 /PRNewswire/ — Brankas, a Singapore-based fintech, today announced that it has been appointed by Arab Financial Services (AFS), the leading digital payment solutions provider and fintech enabler in the Middle East and Africa, to provide new and improved open finance infrastructure in the region. Brankas is a leading open finance technology company with an established presence and banking network in Southeast Asia. Founded in 2016, the Series B…
BEIJING, Feb. 10, 2023 /PRNewswire/ — Since early 2020, China has been following a unique path in combatting COVID-19. Through the Storm condenses this three-year battle into a 60-minute documentary. Through the Storm answers three essential questions: What was China’s reasoning behind choosing its unique approach to fighting COVID? What actions did China take in the three-year period between its victory in Wuhan and its re-opening? And can China achieve a solid recovery in 2023? Through the eyes of frontline intensive care specialists, village doctors, community workers, volunteers and decision makers, the documentary reveals the answers. THE WINDOWS OF OPPORTUNITIES What China…
Alleviating electricity shortages in West Africa BEIJING, Feb. 10, 2023 /PRNewswire/ — A news report by haiwainet.cn: On December 3, 2022, the inauguration of the Gouina Hydropower Station, which is owned and managed by the Organization for the Development of the Senegal River (OMVS), financed by the Export-Import Bank of China, and constructed by PowerChina, was held in the Diamou area of the Kayes region. The inauguration was co-chaired by Colonel Abdoulaye Maïga, Acting Prime Minister of the Republic of Mali. He warmly congratulated the successful completion of the Gouina hydropower station, thanks to the Chinese government and the Chinese…
BAODING, China, Feb. 10, 2023 /PRNewswire/ — Recently, GWM, one of the largest automobile manufacturers in China, unveiled its latest new energy products at its global media test drive event in Australia. At the conference of the event, the director in charge of GWM Australia systematically introduced to the media GWM’s determination to develop the new energy market and their ONE GWM overseas strategic plan for NEV products, including the construction of a global R&D layout based on the Forest Ecosystem. As the test drive event was held at AARC, Melbourne’s prestigious professional test driving venue covering almost all driving…
Indian Finance Minister Nirmala Sitharaman presented a $550 billion progressive and inclusive Union Budget for 2023-24 today. According to her, Indian economics are heading in the right direction despite challenging times globally. Economic growth in the current year is estimated at 7%, according to Ms Sitharaman. According to the Finance Minister, the vision for Amrit Kaal includes a knowledge-based economy, strong public finances, and a robust financial sector. The budget hopes to build on the foundation laid in last year’s budget and the blueprint for India@100 laid out in the previous budget. According to the Finance Minister, the capital investment…
Australian Minister for Climate Change and Energy Chris Bowen announced Friday that Australia and Germany have committed A$50 million ($35.5 million) and 50 million euros ($54.4 million), respectively, in support of a joint initiative to establish a green hydrogen supply chain. It was reported by Reuters that the two countries, which signed a bilateral agreement on hydrogen production and trade in June 2021, had announced funding for four projects as part of the German–Australian Hydrogen Innovation and Technology Incubator (HyGATE). By collaborating, Australia further strengthens its renewable energy export infrastructure, while Germany is able to meet its growing energy needs…
Masdar is committed to helping African nations transition to clean energy by signing agreements during Abu Dhabi Sustainability Week (ADSW) 2023 with three countries – Angola, Uganda, and Zambia – to develop renewable energy projects totaling up to 5 gigawatts (GW). Agreements were signed under the Etihad 7 initiative, a UAE-led initiative that seeks to raise public- and private-sector funds for African renewable energy development. Sheikh Shakhboot bin Nahyan bin Mubarak Al Nahyan, Minister of State, launched Etihad 7 at ADSW 2022. This was in order to provide 100 million people with clean electricity by 2035 through the development of…
According to a recent report by the International Air Transport Association (IATA), Middle Eastern airlines had an 84.6% increase in traffic in November compared with the same month in 2021. According to the report, global traffic is currently 75.3% higher than November 2019 levels. Compared to November 2021, total traffic increased by 41.3% in November 2022. International traffic increased 85.2% over November 2021. The Asia-Pacific region reported the highest results year-over-year. From November traffic results, it is clear consumers are enjoying their freedom of travel. IATA Director General Willie Walsh said that despite China reopening international travel, many governments continue to…