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Dubai-based DAMAC Opens GCC in Noida; Plans Second Facility in PuneDAMAC, a Dubai realty firm, is expanding its operations in India. The company has opened a Global Capability Center in Noida and plans anot...- Dubai-based DAMAC opens GCC in Noida; plans second facility in PuneThe company will also soon set up a GCC in Pune, DAMAC said in a statement. DAMAC Group has launched its new global services arm, DAMAC Sha...
- Can a collaborative approach break the credit rating impasse?The GSDR report sheds light on ongoing discussions with Credit Rating Agencies (CRAs) regarding their approach to various debt restructurin...
- New creditors, differing interests and coordination issues are hobbling sovereign debt restructuringAn IMF analysis suggests that several low-income countries (LICs) have been at high risk of debt distress or are in debt distress. Between ...
- IMF calls for strengthening global financial architectureThe International Monetary Fund (IMF) on Saturday sought urgent action from the global community to strengthen the international financial ...
- Tag Sri Lanka as 'low-income': FM Sitharaman urges IMFSri Lanka was classified as a middle-income country at the start of the pandemic. Sitharaman argued that given the nature of Sri Lanka's ec...
- Poor countries' debt rose 12% to record $860 bln in 2020: World BankThe G20 and Paris Club of official creditors launched a Common Framework for Debt Treatments last year to restructure unsustainable debt si...
- China's strategy of debt traps with confidentiality clausesUp till 2019, China Development Bank and China Import-Export bank granted loans worth almost $120 billion to the developing countries of As...
- China keeps key Eastern African state of Kenya on tenterhooksThe Kenyan Treasury says it decided not to seek an extension of the debt relief beyond June 2021 and claimed that Kenya was fully paying th...
- COVID debt restructuring push not advanced enough, IMF chief cautionsSpeaking on webcast, the IMF's managing director said some progress was being made in Chad, which along with Ethiopia and Zambia has become...
- IMF, World Bank urged to ensure timely delivery of safe & effective COVID vaccines across countries"Timely delivery of safe and effective vaccines across all countries is critical to ending the pandemic, especially as new variants emerge....
- Daicel to set up automobile airbag inflator manufacturing plant at CapitaLand’s OneHub ChennaiVinamra Srivastava, CEO, Business Parks, CapitaLand India, said: “We welcome Daicel to India and join OneHub Chennai’s growing community of...
- Narrow differences, resolve disputes through dialogue: Xi Jinping tells G20 SummitAddressing the virtual G20 Summit hosted by Saudi Arabia's King Salman, Xi said China will always be a builder of global peace, a contribut...
- Global debt to hit record $277 trln by year end on pandemic spending splurge-IIFDeveloped markets' overall debt jumped to 432% of GDP in the third quarter, from a ratio of about 380% at the end of 2019. Emerging market ...
- G20 finalizing work on common framework for debt reductionsAgreed in principle by G20 officials last month and endorsed by the Paris Club of official creditors, the framework will essentially extend...
- COVID-19 has resulted in largest global economic contraction in 80 years, say World Bank and IMF"The pandemic has resulted in the largest global economic contraction of the last eight decades: it is impacting developing, emerging and d...
- Saudi Arabia hosts G20 talks on virus recovery, debt reliefThe virtual talks, hosted by current G20 president Saudi Arabia, come a day after the International Monetary Fund warned that global GDP wo...
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