Maldives faces potential debt default similar to Sri Lanka, with critical foreign reserves depletion and a substantial debt burden. The gov...

The Maldives faces a severe debt crisis, exacerbated by external debts and unfavorable trade terms with China. With dwindling foreign reser...

Maldives President Mohamed Muizzu, who pushed for an 'India Out' campaign, now seeks financial aid from India. He is visiting New Delhi to ...

Maldives President Mohamed Muizzu, a pro-China leader is on his first bilateral visit to India since taking office, seeking to repair relat...

India has extended emergency financial support to the Maldives by subscribing to its $50 million treasury bill. This move follows a ratings...

India is prepared to offer the Maldives emergency financial support to address its financial challenges, including a potential sukuk defaul...

The country's foreign exchange reserves have depleted to a critically low level of USD 7.5 billion at present due to the repayment of matur...

Pakistans risk of default, measured through the five-year currency default swap (CDS) index, spiked 4.2 percentage points to a new high at ...

Finance Minister Ishaq Dar made the statement at a press conference days after rating agency Moody's last week downgraded Pakistan's credit...

Pakistan is nearly broke with the drying up of foreign cash reserves and mounting external debt.

Asian economies are withstanding Europe's debt crisis so well that some investors are positioning for creditrating upgrades in the region.

Dubai World, the state-owned holding company, reached an agreement with creditors to restructure $23.5 billion of liabilities as it seeks t...

Dubai World will use the money to cover debt of real estate unit Nakheel. The rest of the money will cover Dubai World’s interest and opera...

Lenders to Dubai know they have no choice but to accept whatever UAE doles out. The Emirates are betting on the short memory that financial...

The president of Emirates Airlines said the Dubai business community was "shocked" by the debt crisis which has struck the city state, acco...

Standard & Poor's has reduced the rating on Pakistan's senior unsecured local currency debt to 'CCC+' from 'B-', and that of the foreign cu...

According to Mr Hassan, Islamic financing is the most equitable form of financing since it enables the creation of wealth without fuelling ...