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.
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.
With USD 6.4 billion in fresh deals, the Kingdom is staking its claim on Syria’s future and sending a clear message: Arab-led recovery is back in focus.
KUN’s recent Series A $50 million funding round signals a pivotal moment for stablecoins, ushering in a new era of regulated, efficient, and cross-border digital payments across Asia.
Singapore-born Writer Raidah Shah Idil shares her experiences growing up in both Singapore and Sydney and how the call of Allah and His Adhan eventually led her to migrating to Malaysia.
Global trade is shifting as nations actively pursue regional agreements in Latin America, the Middle East, and ASEAN. Driven by a desire for enhanced economic cooperation and diversified partnerships beyond traditional Western markets, these deals focus on tariff reduction and increased market access.
Ethiopia’s preparations to host the African Union Summit in February 2025 reflects its ongoing commitment to Pan-Africanism and its role as a diplomatic hub.
Rice exports from Pakistan surged 85.8%, reaching USD 2.5 billion within eight months, largely due to India’s self-imposed restrictions on its own shipments.
Three and a half years after hundreds of tons of ammonium nitrate ignited at the Beirut Port, setting off one of the world’s biggest non-nuclear explosions, Lebanese and French officials put forward a plan for reconstruction of the port this month.