130 million Arab population in poverty

A survey released by the United Nations Economic and Social Commission for Western Asia (ESCWA) on Friday said that poverty affects one-third of the Arab region’s population, excluding the Gulf Cooperation Council (GCC) countries and Libya. Dubbed “Survey of Economic and Social Developments in the Arab Region,” it said that “poverty, measured against national poverty […]

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Croatia set to enter euro, borderless Europe club

Croatia was counting the last hours Saturday before switching to the euro and entering Europe’s passport-free zone — two milestone steps for the country since joining the EU nearly a decade ago. At midnight (2300 GMT Saturday) the Balkan nation will bid farewell to its kuna currency and become the 20th member of the eurozone. […]

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ADB lends Cambodia 50 mln USD to help boost post-pandemic economic recovery

The Manila-based Asian Development Bank (ADB) has approved a 50-million U.S. dollars loan to support the Cambodian government to diversify the country’s economy and boost its global competitiveness, the lender said in a press statement on Tuesday. The program will support Cambodia’s post-COVID-19 economic recovery by supporting government reforms to enhance the investment and business […]

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Call for change in monetary policy and interest rates

Home Minister Balkrishna Khand, Finance Minister Janardan Sharma and Minister for Industry, Commerce and Supplies Dilendra Prasad Badu have called for government’s intervention saying that the current monetary policy and the interest rates set by banks would invite serious problems to the country’s economy. In the cabinet meeting held on Tuesday, Home Minister Khand said […]

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Religious areas in Banke to be developed as tourism destinations

The temples and shrines in Rapti Sonari and Narainapur rural municipality in Banke district will be developed as religious tourist destinations. A plan has been set to link Bhuwar Bhawani Temple and Baba Barfani Santaneshwor Mahadev Temple in those local levels with Bageshwori Temple in Nepalgunj to develop a religious destination. Newly elected member to […]

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