Dubai Government reduces public debt by AED29 billion

Sep 26, 2023

The Public Debt Management Office (PDMO) of the Government of Dubai's Department of Finance (DOF) announced a reduction of approximately AED29 billion in Dubai's...

CareEdge enters in Global Scale Ratings, launches Sovereign Ratings for 39 countries, Assigns BBB+ rating to India

Oct 03, 2024

India's general government debt is expected to gradually decrease to 78 per cent of GDP by FY30 and further to 73.5 per cent by...

Geneva: NGOs raise concern over rising public debt in developing countries

Jun 30, 2022

Geneva [Switzerland], June 30 : A number of non-government organizations (NGOs) have raised concern over rising public debt among the developing nations and China's...

China's debt clampdown raises risk of local government financial defaults

May 27, 2021

Beijing [China], May 27 : China's debt clampdown has raised the risk of a wave of defaults among the country's heavily indebted local government...

Pakistan International Airlines debt now rests on taxpayers shoulders

Feb 02, 2024

Islamabad: The government and banks have decided on a plan to restructure PIA's debt, totalling Rs268 billion. The Ministry of Finance, which initially didn't...

Cambodia needs to tread cautiously in defending China and its debt diplomacy: Report

Nov 15, 2022

Cambodian government is always seen standing against the world for defending China and its debt diplomacy, however, China's debt and security arrangements with Cambodia...