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Saturday, March 15, 2025

Economy

Indonesia Unveils Danantara a USD 61 Billion Sovereign Wealth Fund

Aiming for 8% GDP Growth, The Indonesian Government seeks to attract global investments and drive developments of key industries.

Oil Price Fluctuations Make Economies Fragile

Oil price volatility continues to shape economic policies across the Middle East, affecting both oil-exporting and importing nations.

Kazakhstan Expands Islamic Finance with New Shariah-Compliant ETF

Kazakhstan marked a significant milestone in Islamic finance with the launch of its Central Asia and Caucasus’ first Shariah-compliant exchange-traded fund (ETF) under the International Trading System’s Shariah index.

IMF Urges Ethiopian Support for Economic Reforms

Speaking at a recent press briefing at the Ministry of Finance in Addis Ababa alongside Finance Minister Ahmed Shide, IMF Managing Director Kristalina Georgieva called on Ethiopians to support the government’s economic reform efforts.

Gambia Urges IsDB to Extend Support to Non-Member Countries

Gambia Minister of Finance and Economic Affairs Seedy Keita, has called on the Islamic Development Bank to expand its financial support beyond its member countries to include Muslim communities in non-member nations.

African Development Bank and IOM Collab on Migration

The African Development Bank Group (ADB) and the International Organization for Migration are exploring ways to strengthen their partnership to address climate-related migration and development challenges across Africa.

World Bank May Inject USD 400 Million into Jordan’s Economy

According to a recent report, The World Bank is considering financing a new project in Jordan with an estimated value of USD 400 million.

One Third of Global Population Lives Without Internet

Internet connectivity is no longer a luxury but a necessity for economic growth, education, and social development. Yet nearly 2.6 billion people—approximately one-third of the global population—remain without access.

Latest news

Indonesia Unveils Danantara a USD 61 Billion Sovereign Wealth Fund

Aiming for 8% GDP Growth, The Indonesian Government seeks to attract global investments and drive developments of key industries.
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Myanmar Crisis as Junta announces Elections Amid Worsening Violence

Myanmar military announces election date amid ongoing conflict, sparking international concerns over legitimacy and humanitarian crisis.

UAE Wants Twenty Unicorns by 2031

Driven by government support, Dubai’s thriving startup ecosystem aims to create twenty unicorns by 2031.

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Kazakhstan Emerges as a Central Player in Central Asia

According to Kazakhstan’s Deputy Foreign Minister Roman Vassilenko, in a recent meeting between his boss Murat Nurtleu and the EU High Representative for Foreign Affairs and Security Policy Josep Borrell, the European officials said that “Kazakhstan used to be in the middle of nowhere, and now it is in the middle of everywhere”. The summit in Astana has yet again shown that Kazakhstan continues to emerge as a middle power.

UAE Aims to be Global Leader in Artificial Intelligence

The UAE Government says it will be a global leader in AI by funding initiatives that promote innovation, investment, and regulatory development.
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Award Winning Agency Instinctif Appoints Ikram Al-Yacoub as KSA Head

Instinctif appoints new Managing Partner Ikram Al-Yacoub to steer its strategic and financial communications for clients across vital sectors and major projects.

Pakistan’s Reserves Inch Up Amid Economic Challenges

After months of economic strain, Pakistan’s foreign exchange reserves are showing tentative signs of recovery.

Gambia Urges IsDB to Extend Support to Non-Member Countries

Gambia Minister of Finance and Economic Affairs Seedy Keita, has called on the Islamic Development Bank to expand its financial support beyond its member countries to include Muslim communities in non-member nations.