Abu Dhabi Fund for Development (ADFD) has announced an additional loan of AED 147 million (USD 40 million) to support the completion of the Velana International Airport project in the Maldives.
The foreign loan disbursements to Pakistan have dropped by 43 per cent, reaching USD 3.6 billion in the first five months of the current fiscal year, The Express Tribune reported on Tuesday, citing official data released on Monday.
A total of 432 applications were submitted to the fund, totaling approximately 1.2 billion Shekels (USD 326 million). Approximately 70 per cent - 294 applications - were submitted by local authorities, of which 60 were submitted by minority authorities and 12 applications were submitted by c
Israel and Slovakia signed a 2 billion shekel (USD 582 million) agreement on Monday to boost the European country's air defense systems, in the largest defense export deal ever between the two.
OYO has completed its acquisition of Motel 6 and Studio 6 brands, from Blackstone Real Estate for USD 525 million, marking a significant milestone in expanding the company's global footprint, the online hotels and hospitality services provider company said on Monday.
Projections indicate equity investments may touch USD 10-11 billion by year-end, with increasing interest in tier-II and tier-III cities.
Delhi-NCR led with a 26 per cent share of total investments, followed by Mumbai and Bengaluru.
The central government and the Asian Development Bank (ADB) signed a USD 350 million policy-based loan under the second subprogram of Strengthening Multimodal and Integrated Logistics Ecosystem (SMILE) program.
US diplomat Barbara Leaf revealed that the United States has announced the withdrawal of a USD 10 million reward for the capture of Ahmed al-Sharaa, Syria's new leader and head of the Hayat Tahrir al-Sham (HTS) group, Al Jazeera reported.
India's foreign exchange (forex) reserves continue to decline. In the week that ended December 13, the foreign exchange kitty declined by USD 1.988 billion to USD 652.869 billion, data from the Reserve Bank of India (RBI) showed Friday.
Impressively, 67 per cent of this amount (USD 667 billion) was received in the last decade alone (2014-2024). The manufacturing sector has particularly benefited, witnessing a 69 per cent surge in FDI equity inflows, which rose from USD 98 billion during 2004-2014 to USD 165 billion in 2014-