Business & Economy


Saudi Aramco stock offering to launch November 17 Saturday, November 9th, 2019

RIYADH, (AFP): Saudi Aramco announced in a prospectus Saturday that its much-anticipated initial public offering will begin on November 17, with a final share price to be determined on December 5, a day after subscriptions close. After years of delay and false starts, the state-owned company last..

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USAID official calls on Finance Minister Thursday, November 7th, 2019

KATHMANDU: USAID Assistant Administrator of the Bureau of Asia, Gloria D Steele paid a courtesy call on Finance Minister Dr. Yuba Raj Khatiwada at the latter's office in Singha Durbar today. Minister Khatiwada, welcoming the Assistant Administrator, thanked the Government and people of the United..

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Swiss government provides CHF 19.4 million grant assistance Wednesday, November 6th, 2019

KATHMANDU: The Government of Switzerland has agreed to provide technical grant assistance of CHF 19.4 million (equivalent to Rs 2.1 billion) to the Government of Nepal to implement two programmes in the country. Out of the amount, CHF 9.4 million will be spent for the implementation of Trail..

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CIIE: A potential platform for Nepal to expand exports Tuesday, November 5th, 2019

Mahendra Subedi, SHANGHAI: The Second China International Import Expo (CIIE) that kicked off in China’s financial capital, Shanghai, on Tuesday is a highly important platform for Nepal to showcase and sell its quality merchandise. The mega business event can perhaps serve as a bridge between..

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MoU on bilateral consultation mechanism between Nepal, Norway Monday, November 4th, 2019

KATHMANDU: A Memorandum of Understanding has been signed between Nepal and Norway on the establishment of a bilateral consultation mechanism between the foreign ministries of the two countries. Joint Secretary at the Europe and America Division of the Ministry of Foreign Affairs of Nepal, Nirmal..

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Agreements for Upper Trishuli-1 Hydropower Project Friday, November 1st, 2019

KATHMANDU: The loan agreements for the amount of USD 453.2 million were signed on Friday for the construction of the Upper Trishuli-1 Hydropower Project. Nepal Water and Energy Development Company Private Limited (NWEDC) signed the financing agreements with International Finance Corporation (IFC),..

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Nepal-UAE JWC Meet from November 3

Ashok Ghimire, KATHMANDU: The very first meeting of the labour-related Joint Working Committee (JWC) comprising representatives of Nepal and the United Arab Emirates has been scheduled to take place in Kathmandu on November 3-4. It is expected to pave the way for the enforcement of bilateral..

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Zuckerberg defends Facebook’s currency plans before Congress Wednesday, October 23rd, 2019

By MARCY GORDON, BARBARA ORTUTAY and KEN SWEET, WASHINGTON (AP): Facebook CEO Mark Zuckerberg endured hours of prickly questioning from lawmakers Wednesday as he defended the company’s new globally ambitious project to create a digital currency while also dealing with widening scrutiny from U.S...

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Nepal-Bangladesh Joint Secretary Level talks begin Tuesday, October 22nd, 2019

KATHMANDU: The fourth meeting of Commerce Joint-Secretary Level Technical Committee of Nepal and Bangladesh began in the capital from today with an objective of promotion of trade between Nepal and Bangladesh. According to the Ministry of Industry, Commerce and Supplies, extensive discussion would..

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More than 70 containers heading towards Kerung daily Friday, October 18th, 2019

RASUWA: The number of trucks and containers going towards Kerung for importing goods consumed in the Nepali market has increased. Chief of the Rasuwa Police, Bhagyendra Purush Dhakal said that after the conclusion of the Dashain festival daily somewhere between 70 to 80 trucks and containers have..

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Nepal, Myanmar sign MoU on tourism and culture Thursday, October 17th, 2019

Shyam Rimal, MYANMAR: Nepal and Myanmar have signed a memorandum of understanding on cooperation in tourism and culture following bilateral talks held today in the presence of President Bidya Devi Bhandari and State Counsellor of Myanmar Aung San Suu Kyi. President Bhandari is currently on a state..

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