Day: September 4, 2024

Pakistan

Pakistan’s inflation decreased to its lowest in nearly three years at 9.64% YoY in August, down from 11.1% in the previous month, providing the central

Türkiye

Russia imported over USD 29 mln in USD and EUR banknotes from Rwanda this year, circumventing Western sanctions that prohibit such transactions. According to reports,

Azerbaijan

As of August 30, Azerbaijan’s central bank reserves increased slightly to USD 11.78 bln, showing significant growth from USD 9.36 bln a year ago. The

Kazakhstan

Kazakhstan’s annual inflation rate decreased to 8.4% in August 2024 from 8.6% the previous month, reflecting a moderation in service price increases (13.6% from 14.5%

Serbia

Moody’s raised Serbia’s economic outlook to positive from stable and affirmed the country’s rating at Ba2. The agency expects Serbia’s real GDP growth to quicken

Türkiye

Turkey officially requested to join the BRICS group to enhance its global influence and diversify its international partnerships beyond Western allies. This move by President

Qatar

Israelis engaged in widespread strikes and protests to urge PM Netanyahu to seek a ceasefire with Hamas and secure the release of hostages in Gaza.

Indonesia

Indonesia plans to secure USD 3.5 bln in trade and investment agreements with African countries to find new markets amid global trade challenges. This initiative

Zambia

The US government plans to enhance the Lobito Corridor, a key rail route connecting Angola, Zambia, and the DR Congo, extending it to the Indian

Nigeria

The Nigerian National Petroleum Co. (NNPC) is facing difficulties in fulfilling its role as the primary fuel supplier due to financial strains and increasing global

Taiwan

Honduras announced plans to terminate its century-old extradition treaty with the US following controversial remarks by the US ambassador. This treaty was notably used to

Peru

In Peru’s capital, monthly inflation exceeded economist expectations last month, recording a 0.28% increase from the previous month. Annually, inflation slowed to 2.03%, remaining within