A security guard stands in the lobby of the RBI headquarters in Mumbai. Reuters
Adani Group Chairman Gautam Adani has achieved a remarkable milestone amid the COVID-19 pandemic, as he added the highest wealth to his fortune in the world, as per the latest Bloomberg billionaires Index. Adani is now the 26th richest person in the world.
Rising trade deficit along with chances of a populist budget might dampen rupee’s prospects during the coming week. Nevertheless, persistent interest of Foreign institutional investors (FIIs) in India’s equity market will arrest any sharp depreciation moves.
The Indian rupee closed higher on Wednesday marking its biggest single-day gain in more than one week spurred by dollar inflows, as improved risk appetite drove a rally in equities while the greenback posted losses. The partially convertible rupee closed at 79.4450 in its best session since Aug. 5. The currency had ended at 79.6550 on Friday.
Known as a leading high-end real estate developer shaping the landscape of Dubai, and in particular Frond G on the Palm Jumeirah, Alpago Properties has now just recorded the biggest villa sale in the UAE’s real estate sold through their exclusive broker B1 Properties and was designed by SOATA and CK Architecture.
The balance sheet of the Central Bank of the UAE rose to Dhs495.54 billion in July, a year-on-year increase of 4.2 per cent or Dhs19.93 billion, compared with Dhs475.61 billion in July 2021.
Enhancing the capabilities of its four-square-kilometre integrated waste management complex, BEEAH Recycling, the pioneering waste processing and material recovery