Economy

Oil Prices Surge as US-Iran Tensions Escalate, Strait of Hormuz Blocked

3 months ago

Dubai. Global crude oil prices have skyrocketed following the closure of the Strait of Hormuz, a critical global oil supply route, due to the ongoing conflict between the United States...

Gold Prices Surge Amid Middle East Tensions and Dollar Weakness

3 months ago

The price of gold has reached a new high in the global market, driven by escalating geopolitical tensions in the Middle East and a decline in the value of the...

Nepal Rastra Bank Sets Thursday's Foreign Exchange Rates

3 months ago

Kathmandu. The Nepal Rastra Bank has set the foreign exchange rates for today (Thursday). Accordingly, the buying rate for one US Dollar has been set at 147.15 rupees and the...

Asian Markets Tumble Amid Fears of Middle East Oil Supply Disruption

3 months ago

Hong Kong. Asian stock markets turned red on Wednesday. Stock indices fell sharply due to concerns over potential disruption to oil supply from the Middle East. South Korean stock indices...

Tanahun Hydropower Project Completes 92 Community Development Schemes

3 months ago

Tanahun. Ninety-two projects have been completed through the 140 MW Tanahun Hydropower Project currently under construction in Jhaputar, Rishing Rural Municipality, Tanahun. Ninety-two projects were completed under the Corporate Social...

Nepal Faces Criticism Over Excessive Public Holidays Impacting Economy and Private Sector Operations

3 months ago

Kathmandu. Around a week of holidays fell near the general elections. The government declared a three-day public holiday from Falgun 20 to 22 for the elections. Before that, on Monday,...

Nepal Government Postpones Mandatory Use of Licensed Firms for High-Value Property Transactions

3 months ago

Kathmandu. The government has temporarily suspended its recent decision mandating that property transactions exceeding NPR 30 million in Metropolitan Cities and Sub-Metropolitan Cities must be conducted exclusively through licensed companies.The...

Gold Price Drops by NPR 11,000 Per Tola on Wednesday

3 months ago

Kathmandu. The price of gold decreased by 11,000 rupees per tola on Wednesday.According to the Federation of Nepal Gold and Silver Dealers' Association, the price of gold was set at...

Asian Markets Tumble Amid Escalating Middle East Tensions and Oil Supply Fears

3 months ago

Tokyo. The impact of the expanding conflict in the Middle East is clearly visible in Asian stock markets. Most major markets in the region saw sharp declines during Wednesday morning...

Locals Remain in Limbo Over Motipur Industrial Zone Amid Displacement Fears

3 months ago

Kathmandu. A major obstruction occurred during the foundation stone laying ceremony for the proposed Motipur Industrial Zone in Rupandehi. In 077 BS, the then Finance Minister Bishnu Prasad Paudel and...

Massive Dollar Outflow Reported from Iranian Crypto Exchanges Following US-Israel Military Actions

3 months ago

A report has surfaced indicating a massive outflow of dollars from cryptocurrency exchanges in Iran following the recent military actions taken by the United States and Israel against the country....

Coffee Cultivation Transforms Livelihoods in Bhojpur, Nepal

3 months ago

Bhojpur. Coffee farming, which was limited to a few plants until some time ago, has now begun commercial cultivation here. Farmers in the region have started commercial coffee farming after...

Nepal Rastra Bank Publishes Foreign Exchange Rates for Wednesday

3 months ago

Kathmandu. Nepal Rastra Bank (NRB) has set the foreign exchange rates for today (Wednesday). Accordingly, the buying rate for one US Dollar has been set at NPR 146.06 and the...

Middle East Tensions Raise Concerns Over Nepal's Economy and Supply Chains

3 months ago

Kathmandu. Concerns have been raised that the escalating tension between Israel-America and Iran will negatively impact Nepal's overall economy. Economists and business leaders, speaking at an interaction organized by the...

Middle East Tensions Pose Multifaceted Risks to Fragile Nepali Economy

3 months ago

Kathmandu. Tensions between the US-Israel and Iran have escalated into a conflict in the Middle East. This raises the risk of multifaceted impacts on Nepal's economy. The tension, which began...

Nepal Rastra Bank Releases First Semi-Annual Macroeconomic Report, Citing Economic Recovery Amidst Lingering Risks

3 months ago

Kathmandu. Nepal Rastra Bank (NRB) has published its first 'Macroeconomic Report' for the first time. The central bank released the report based on data up to the end of Poush,...