Guatemala
Guatemalan anti-corruption campaigner Bernardo Arévalo won the presidential race with 58% votes against Sandra Torres. Arévalo, a 64-year-old sociologist and former diplomat, stayed in the
July 27, 2023
Guatemalan anti-corruption campaigner Bernardo Arévalo won the presidential race with 58% votes against Sandra Torres. Arévalo, a 64-year-old sociologist and former diplomat, stayed in the
Eight years after rekindling ties, Saudi Arabia plans to upgrade diplomatic relations with Costa Rica. Ahead of opening an embassy in San Jose, a Saudi
Niger’s military chief set a proposal to reinstate democracy in the country within a three-year timeframe. Emphasizing the consequences for the whole region, he has
Libya’s central bank has unified with its eastern counterpart, ending a near-decade-long split. This significant step towards consolidating state institutions in Libya followed dialogues between
Interest rates for Kenyan government securities are forecast to decline following the government’s decision to significantly curtail domestic borrowing, aiming to address budget shortfalls. The
Gambia’s president suspended all international travel by governmental officials, including himself, as part of a move to decrease governmental expenditures as the country grapples with
Notably, in June, Russian foreign minister Lavrov highlighted strong candidates for membership, including Saudi Arabia, the UAE, Algeria, and Egypt. Furthermore, summit discussions will also
Goldman Sachs chief economist Jim O’Neill remarked that the potential expansion of the BRICS bloc could be economically significant if Saudi Arabia becomes a member.
Uzbekistan’s trade deficit narrowed by 8.6% for the first seven months of 2023, registering just over USD 5 bln, down from USD 5.5 bln a
According to Mongolia’s central bank, the country’s GDP grew 6.4% in H1 2023. The bank further expects around 5.5% growth for the upcoming quarters. While
Kazakhstan’s central bank has announced the suspension of the mandate for state-run companies to sell 30% of their foreign-exchange earnings domestically, in light of the
According to the Institute for Economic Research and Policy Consulting (IER), Ukraine’s real GDP growth declined to 8% YoY in July from 15% in June,
Thailand’s economy grew 0.2% QoQ in June, significantly lagging behind market predictions of 1.2% and marking a deceleration from the prior 1.9% increase, mainly driven
Sri Lanka’s annual inflation rate declined to 6.3% in July, marking the lowest since September 2021, driven by a reduction in food inflation, which decreased
Indonesia’s state-run energy corporation, Pertamina, is set to invest USD 1.5 bln in a partnership with Kenya’s Geothermal Development Corporation. President Ruto sees potential for
The offshore yuan depreciated to 7.32 per USD, nearing a nine-month low after the central bank cut its one-year loan prime rate by ten bps
In northeastern Bangladesh, law enforcement resorted to batons and tear gas to scatter opposition party activists amid a disagreement regarding election oversight. The upcoming national