Economy

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.

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.

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.

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

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.

During his inaugural state visit to India in January 2025, Singaporean President Tharman Shanmugaratnam emphasized the need for Singapore to strengthen its engagement with...

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.