The International Monetary Fund reached a staff-level agreement with Jordanian authorities on Tuesday to clear the way for the release of $294 million as part of the country's four-year bailout program. "Program performance has remained strong despite ongoing headwinds and elevated uncertainty stem»»»

Colombo: Sri Lanka announced on Monday a nearly 40 percent increase in electricity prices from Wednesday as it battles an energy shortage caused by the war in the Middle East. The Public Utilities Commission of Sri Lanka said further increases were likely in April, in-line with global energy prices»»»

Follow our live coverage here. COLOMBO – Sri Lanka announced a shorter work week to conserve its scarce fuel reserves as it prepares for a prolonged war in the Middle East, officials said on March 16. The Strait of Hormuz, a key waterway through which some 20 per cent of global exports pass in peac»»»

Sri Lanka has designated every Wednesday a public holiday to conserve fuel as the country confronts the risk of supply shortages following the outbreak of hostilities between the United States, Israel, and Iran, which has disrupted oil flows through the Strait of Hormuz, BBC reported.»»»