The Reserve Bank of Australia building in Sydney. Agence France-Presse
Australia’s central bank on Tuesday cut interest rates for the second time in as many months as it strives to revive a sluggish economy and reduce unemployment, a tough task that may yet require even more stimulus.
A recovery in eurozone business activity was weaker than expected this month as a deepening contraction in the bloc’s manufacturing industry is increasingly holding back services firms, a survey showed. Last month, European Central Bank President Mario Draghi
Australia’s central bank will consider cutting interest rates next month, Governor Philip Lowe said on Tuesday as the resource-rich economy looked set to join some of its global counterparts in easing financial conditions to boost growth. Lowe also urged the country’s newly re-elected government
Indian economy is likely to swell to $5 trillion mark ahead of its target of 2024 despite huge challenges and global trends. This was stated by T.N. Manoharan, non-executive chairman of India’s Canara Bank recently in Dubai,
In 2018, the UAE occupied the first and second positions internationally in 47 competitiveness indexes covering around 13 development sectors, reflecting its efforts to achieve comprehensive development and the UAE 2021 Vision.
Dubai Land Department (DLD) signed memorandums of understanding (MoU) with Ras Al Khaimah International Corporate Centre (RAKICC) and with Ras Al Khaimah Economic Zone (RAKEZ)