Vietnam
Vietnam’s gold consumption surged by 30% to 12 metric tons in Q2 2024, driven by inflation concerns and weakening local currency, according to the World
August 2, 2024
Vietnam’s gold consumption surged by 30% to 12 metric tons in Q2 2024, driven by inflation concerns and weakening local currency, according to the World
Iran’s Supreme Leader Ali Khamenei expressed strong opposition to the proposed “Zangezur corridor,” a transport link between Azerbaijan and its Nakhichevan exclave through Armenia. This
Azerbaijan’s central bank maintained its key interest rate at 7.25%. The decision follows a significant decline in inflation, which slowed to 0.7% YoY in H1
Tajikistan’s economy grew by 8.2% in H1 2024. President Rahmon highlighted this as evidence of sustained positive economic development, with increased production across various sectors.
The ADB approved two policy-based loans totaling USD 400 mln to support Uzbekistan’s reforms aimed at enhancing financial markets and developing a sustainable power sector.
Hamas announced that Israel assassinated its political leader, Ismail Haniyeh, in an airstrike on Iran’s capital, escalating tensions in the Middle East. The assassination could
Algeria recalled its ambassador to France as a preliminary reaction to France recognizing Moroccan sovereignty over Western Sahara. Algeria’s finance minister expressed concern over France’s
Botswana’s diamond sales have decreased significantly, with the De Beers unit Debswana reporting a 47% YoY drop in rough diamond sales during H1 2024. Diamond
The World Bank committed USD 16.6 bln over three years to Ethiopia to bolster its economic recovery. This funding includes a USD 1 bln grant
A subsidiary of Rio Tinto Plc has inked a deal worth USD 277 mln with Wabtec Corp. to supply locomotives for transporting iron ore from
Fitch forecasts Morocco’s central bank will cut its key interest rate twice in the coming months, by bps each in September and December, to reach
Uganda’s annual inflation rate rose to 4.0% from 3.9% in June. Core inflation increased slightly to 4% from 3.8%, while food inflation rose to 2%
In Bolivia, banks are reducing debit card spending limits for foreign and online purchases to protect foreign exchange reserves, which are now critically low. The
Guatemala issued USD 600 mln in USD bonds maturing in 2031 at 6.05% and USD 800 mln in sustainable USD bonds maturing in 2037 at