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- 1Indonesia's central bank scales back spot-market FX intervention▼Indonesia central bank reduces FX intervention in spot market, governor says
Bank Indonesia has reduced its interventions in the foreign exchange spot market, according to the central bank governor. The move suggests officials see pressure on the rupiah as easing, or a shift toward managing the currency through other tools. Traders and analysts will be watching whether the change affects the currency's stability in coming sessions.
- 2Carney investment summit welcomes UAE investors despite Sudan arms concerns●PM Carney's 🇨🇦 investment summit hosted investors from the United Arab Emirates, despite the country's role in providing
Canadian Prime Minister Mark Carney's investment summit included investors from the United Arab Emirates, drawing criticism because the UAE has been accused of supplying weapons, logistics, training and foreign personnel to Sudan's Rapid Support Forces, the paramilitary group implicated in widespread atrocities. Human rights groups have repeatedly documented the RSF's abuses, prompting questions about why Canada is courting Emirati capital while the war in Sudan continues.
- 3Syria expects over $1bn in foreign capital for new banks●Syria expects over $1bn in foreign capital for new banks, central bank governor says
Syria's central bank governor said the country expects more than $1 billion in foreign capital to flow into newly established banks. The statement signals efforts to rebuild Syria's financial sector and attract international investment as the country works toward economic recovery after years of conflict and sanctions.
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Sudan is seeking international investors to help modernise its Red Sea trade corridor, a key shipping and logistics route. The reported push signals Khartoum's interest in upgrading port and trade infrastructure to attract foreign capital and strengthen its position in regional commerce. Details on specific investors or funding commitments have not yet been made public.
- 5Golden Gate Ventures to Run Two-Year Startup Program in Uzbekistan▼Golden Gate Ventures Plans Two-Year Program for Central Asian Startups in Uzbekistan
Venture capital firm Golden Gate Ventures is planning a two-year program for startups from Central Asia, based in Uzbekistan. The initiative is aimed at supporting early-stage companies across the region, with Uzbekistan positioning itself as a hub for entrepreneurship and foreign investment in Central Asia.