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Iran-Israel conflict puts UAE, Saudi Arabia's foreign workers under strainA protracted conflict in the Gulf is jeopardizing billions in remittances, vital for families across Asia and Africa. Migrant workers, like...- Will peace get a chance, and bulls make a comeback? 5 large-cap stocks with an upside potential of up to 26%A peace deal, if it comes, will not mean the Gulf region has become stable. It will only mean that current tensions have been paused. The k...
- South Asia can generate millions of jobs through agriculture sector: World Bank GroupWith agriculture sector employing around 43 per cent of the South Asian workforce, the region has strong potential to emerge as a global le...
- Indian banks better placed than APAC peers: Fitch on West Asia woesIndia's banking sector is resilient against the economic impact of the US-Israel conflict with Iran, according to Fitch Ratings. While othe...
- Raise it, regulators: A repo rate hike - 50 bps increase to 5.75 perhaps - will reduce CAD, incentivise capital flowsIndia's monetary policy committee faces a complex decision. Delayed economic growth data and an unknown US Federal Reserve policy create si...
- Observe and shock absorb: To ride out this oil crisis, focus should be on well-targeted support, not broad price suppressionIndia is navigating a critical oil import challenge. The government's approach of keeping fuel prices steady faces fiscal and equity questi...
- India’s fuel resilience amid global oil turmoilThe article describes India’s economy as “resilient” amid the West Asia crisis, highlighting the country’s ability to maintain stable fuel ...
- For foreign workers in Mideast, risk from Iran war collides with economic strain at homeA missile strike in the Mideast killed Mohammad Abdullah Al Mamun, a Bangladeshi migrant worker, highlighting the perilous situation for mi...
- Sri Lanka expects economy to grow at 5%, repay all debt, President Dissanayake saysSri Lanka aims to transform its economy and commence debt repayments by 2028, President Anura Kumara Dissanayake stated in his first full b...
- The $80 million question: Can bond reward force Sri Lanka to improve governance?Sri Lanka's debt restructuring introduces a novel governance-linked bond, incentivizing improved financial management. This innovative inst...
- Free Trade Agreement with India by year-end says Sri Lankan foreign ministerThese agreements will open up new markets for the cash-strapped Sri Lankan businesses, contributing directly to the nation's economic growt...
- Sri Lanka's economy shrank 3.1% in Q2 amid financial crisisSri Lanka's economy contracted by 3.1% in the second quarter, according to official data. The downturn was caused by high inflation, a depr...
- Sri Lanka hopes to shed bankruptcy status by September“I hope that by September Sri Lanka will be able to shed its bankruptcy status,” said president Wickremesinghe. “Whether you are Sinhalese,...
- Sri Lankan President Ranil Wickremesinghe hopeful of successful debt restructuring talks with India and ChinaSri Lanka has large debt rollover volumes (Gross Financing Need) running up to 37 per cent of GDP in 2022, which the IMF wants to bring dow...
- Sri Lanka faces worst decline as debt crisis loomsThe department of Census and Statistics said the record decline in the second quarter compared with a slower 1.6 percent fall in the first ...
- S&P downgrades Sri Lanka on debt servicing risksS&P's downgrade from "B-" follows Fitch and Moody's taking similar action in recent months and underlines the challenges facing the country...
- Fitch downgrades Sri Lanka as default fears loomRatings agency Fitch downgraded Sri Lanka's sovereign debt to "CCC" on Friday, warning that the country was at increasing risk of missing d...
- The country with Asia's most distressed sovereign debt could be looking at a painful resetThe South Asian nation is locked in talks with the IMF for emergency-financing aid, after its second longer-term program with the fund in l...
- Petronet LNG to build LNG import terminal in Sri LankaThe Sri Lankan government issued a letter of intent to the Indian government in this regard on September 1, Petronet said in a statement.
- India, Sri Lanka to sign ETCA pact this year: WickremesingheETCA is expected to help Sri Lanka gain better access to India's rapidly growing market.
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