Turkish Small and medium-sized enterprises (SMEs) suffering from financing difficulties due to the global financial crisis will be able to ameliorate their situation with a new TL 1 billion contribution from the Treasury.
A protocol between the Turkish Treasury and…

Head of the Organization for Investment, Economic and Technical Assistance of Iran (OIETAI), Behrouz Alishiri
A UN agency report shows Iran attracted $1.6 billion in direct investments from abroad in 2008 despite a 20% decrease in the global flow of…

SMEs in Turkey and Malaysia are receiving support to cope the burden resulted from the destructive waves of the financial crisis
The Development Bank of Turkey (TKB) plans to provide some $1 billion in loans for Turkish small and medium-sized…

Indonesia Begins Selling First Global Islamic Bond
Indonesia has started selling its first global Islamic bonds, which a finance ministry official says could raise up to $650 million. Finance Minister Sri Mulyani Indrawati said the offering for the sukuk —…

the 5th Turkish Commerce Industry Consultation Meeting
Economy-related ministers and a number of representatives of the business world discuss possible measures against the crisis in the Fifth Turkish Commerce and Industry Consultation Meeting.
Despite incessant calls from businessmen to take…

The US government has provided a grant of N1.3 billion to develop Nigeria’s agricultural sector. The loan is part of the partnership between the United States Agency for International Development (USAID), Bank PHB and Skye Bank. The partnership is being…

The executive board of the Asian Development bank (ADB) is likely to accord a formal approval to the much awaited $500 million loan package “Pakistan Accelerating Economic Transformation Programme” in its meeting scheduled to be held today (Tuesday), official sources…

Palm oil prices are set to rise soon on higher demand from biofuel makers and stock building by some consumers, while the credit crisis will have only a small impact on the commodity, a leading industry official said. Derom Bangun,…

Worried by high growth in credit to non-productive sectors, the Bangladesh’s central bank in a policy shift will ask commercial banks for lending the sectors that generate employment, farm and industrial output, as reported by Bangladesh media sources.
Bangladesh Bank…

Two major Indian companies - ONGC and L N Mittal group plan to build a $4 billion refinery in the country. A joint venture between the two companies, is said to appointed UK-based consultant Nexant to undertake a feasibility study…