Finance

As global markets flux and geopolitical unrest makes investors skittish, one city-state is fast emerging as a safe diversification play.

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.

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.

Egypt is set to receive a USD 1.2 billion disbursement from the International Monetary Fund in January 2025, as part of its USD 8 billion Extended Fund Facility programme.

The World Bank has approved a USD20 billion loan package for Pakistan under a ten-year Country Partnership Framework (CPF), with climate change related investment being a key focus of the agreement.

Investors Alert! HH Sayyid Faris Bin Fatik Al Said announces new investment opportunities in Oman.

According to Financial Writer Jessica Weisman-Pitts, investors would be wise to keep abreast of Kazakhstan’s fintech sector, where leading technology firms are investing heavily in the nation’s growth thanks to a young, educated workforce and a super ambitious national Digital Agenda.

The Ministry of State-Owned Enterprises and Bank Syariah Indonesia (BSI) says that they are committed to helping Indonesia become a global halal financial hub.