Latest News for: Foreign reserves


EU Foreign Council to Discuss Relations With Russia Which Are 'Not Improving' - Borrell

Urdu Point 10 May 2021
The agenda of the Monday meeting of the EU Foreign Affairs Council will include Russia, as the situation "is not improving," EU foreign policy chief Josep Borrell said ... "is not improving," EU foreign policy chief Josep Borrell said.

Naira appreciates across forex markets as dollar supply improves by 38%

Ghana Web 10 May 2021
The nation’s foreign reserve declined from $34.76 billion recorded as of Wednesday, 5th May 2021 to $34.74 billion on Thursday, representing a 0.63% decline. Nigeria’s foreign reserve has dipped $519.36 million since 16th April 2021 to date. Nigeria will hope to boosts its foreign ...

Pak-KSA ties on solid footing, says PM

The News International 10 May 2021
Addressing the expatriates at the Digital Roshan Account function in Jeddah, he said Pakistan would have defaulted had Saudi Arabia and the UAE not helped shore up its foreign reserves ... He said the Kingdom not only helped Pakistan with its foreign reserves, but also gave it oil on deferred payments.

Positive IMF assessment seen as vote of confidence in Saudi reform strategy

Arab News 10 May 2021
On one crucial subject — the gradual erosion of Saudi Arabia’s foreign reserves under the impact of pandemic pressures and the need for continued investment in Vision 2030 initiatives — the IMF was sanguine ... SAMA’s foreign exchange reserves remain at very comfortable levels,” it said.

Rupee gains under siege as health crisis fuels lockdown fears

The Times of India 10 May 2021
It’s also threatening to weaken the rupee, which is among Asia’s top three performers this month, thanks to heavy foreign inflows for initial public offerings, a dovish Federal Reserve and a glut of dollars at state-run banks ... The Reserve Bank of India stepped in last week to ...

AfricaSudanese search for oxygen cylinders as COVID third wave swells

Reuters 10 May 2021
Sudan is struggling to provide hospital beds, drugs and medical oxygen to COVID-19 patients hit by a third wave of infections that is straining the country's patchy healthcare system beyond what it can cope with ... sanctions, the country lacks the foreign reserves needed to procure medicines and other medical supplies abroad ... Our Standards ... ....

Strengthening development cooperation key for COVID recovery, mitigating climate change, Amb Akram stresses

Urdu Point 10 May 2021
Financial support for developing countries during and after the pandemic is critical. Levels of ODA (Official Development Assistance), he said, should be revived and Special Drawing Rights (SDRs), a type of foreign reserve asset developed by the International Monetary Fund, used to best effect, with unallocated SDRs provided for development support.

Eid Travel: 13 amazing things to do in Cairo

Gulf News 10 May 2021
1 of 13. SKYDIVE OVER THE PYRAMIDS ... Image Credit. Egypt Tourism. 2 of 13. FLOAT DOWN THE NILE ... Image Credit. Egypt Tourism. 3 of 13. VISIT THE CITY’S MOST FAMOUS MOSQUE ... Today, it is the official residence of the Egyptian president and a museum, with upper floors – the former living quarters of the royal family – reserved for visiting foreign dignitaries ... .

We’re fixing economy, rolling out interventions to ease burden – Finance Minister

Graphic 10 May 2021
... significant improvement in the current account with three successive years of trade surpluses, strong foreign exchange reserve buffers covering four months of import cover, and relatively low and sustained interest rates of about 13 per cent (Benchmark 91-Day Treasury Bill).

Altisource Announces First Quarter 2021 Financial Results

Tyler Morning Telegraph 10 May 2021
... $1.9 million driven by the decrease in the India income tax rate that resulted in a higher tax provision for the first quarter 2020 from adjustments to deferred tax assets in India and adjustments to foreign income tax reserves (no comparable amount for the first quarter 2021).

Xibaipo: The launching pad for CPC's 'big exam'

China Daily 10 May 2021
Hebei village, the former headquarters of the Party and residence of its leaders including Chairman Mao, now a popular 'red tourism' site. A calendar lying open on a desk was turned to March 23, 1949 ... Their destination ... It is also the world's biggest industrial country, largest goods trader and largest holder of foreign exchange reserves ...