Myanmar parliament approves $264.5m investment in AIIB
Myanmar parliament
Yangon - XINHUA
Myanmar 's parliament on Friday approved a proposal to invest 264.5 million U.S. dollars in the Asian Infrastructure Investment Bank (AIIB), parliament sources said.
According to U Win Shein, minister of Finance and Revenue, 20 percent or 52.9 million dollars of the investment amount will be contributed to the bank by Myanmar at the initial stage every year for 10 years.
Myanmar has been a member of the World Bank and the Asian Development Bank (ADB), getting monetary assistance from the institutions. Likewise, Myanmar should participate in the AIIB as a member to get infrastructure investment assistance, said Kan Zaw, minister of National Planning and Economic Development.
Proposed by China, AIIB aims at providing finance to infrastructure projects in the Asian region.
GMT 09:54 2018 Tuesday ,23 January
Davos-bound bosses very upbeat on world economyGMT 09:37 2018 Tuesday ,23 January
Former KPMG executives charged in accounting oversight scamGMT 22:49 2018 Sunday ,21 January
Brexit special trade agreement possibleGMT 22:46 2018 Saturday ,20 January
China economy rebounds in 2017 with 6.9% growthGMT 22:37 2018 Saturday ,20 January
GE takes one-off hit of $6.2 bn linked to insurance activitiesGMT 19:58 2018 Saturday ,20 January
Watchmakers hope to make Chinese market tickGMT 19:54 2018 Saturday ,20 January
US shutdown unlikely to harm debt rating: FitchGMT 19:50 2018 Saturday ,20 January
EU's Moscovici slams Ireland, Netherlands as tax 'black holes'
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 10:18 2016 Wednesday ,23 March
cartoon seven
GMT 14:01 2018 Thursday ,30 August
Expat with rare heart disorder gets life-saving surgery
GMT 05:17 2024 Wednesday ,07 February
Amazon to open first cashierless shop
GMT 18:22 2017 Saturday ,25 November
Online exhibit shows hidden depths of
GMT 13:58 2013 Monday ,07 October
Johansson named Sexiest Woman
GMT 11:08 2017 Saturday ,06 May
Switzerland offers UAE "Flower clock" In recognition of its efforts
GMT 08:11 2017 Wednesday ,25 October
AGU discusses cooperation with Chinese Jinan University
GMT 07:07 2017 Friday ,29 December
European stocks flat in light holiday trading
GMT 13:04 2016 Thursday ,29 December
Smith ton gives Australia narrow lead in second Pakistan Test
GMT 03:16 2017 Monday ,17 July
Citizens’ municipal needs discussedGMT 20:00 2013 Monday ,25 February
Qatari PM inaugurates Doha Jewelry and Watches exhibition
GMT 12:30 2013 Friday ,02 August
Free treatment for hepatitis patients
GMT 14:49 2015 Monday ,11 May
UAE uses social media users to promote awareness messages
GMT 21:21 2015 Tuesday ,17 March
Egypt policeman to face trial in death of woman protester
GMT 16:16 2014 Tuesday ,04 March
ADEC launches first Student Research CompetitionGMT 22:14 2012 Thursday ,04 October
Salmon Tikka
GMT 07:26 2014 Tuesday ,07 January
25,000 tourists to participate in eastern christmas eveGMT 09:37 2011 Friday ,15 July
FTSE slides before stress test results
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor