Currency traders work at the foreign exchange dealing room in Seoul on Thursday. Associated Press
Global stocks rose on Friday after a top Federal Reserve official cemented expectations of a US interest rate cut later this month, fuelling appetite for riskier assets and keeping a cap on the dollar.
Europe's share markets struggled on Thursday and the dollar and bond yields trimmed overnight gains made after the US Federal Reserve dampened bets that it might be readying its first interest rate cut in years. Oil and metals markets added to the pressure on stocks as traders knocked copper to a 2-1/2 month low
World equity benchmarks hit their lowest levels in a month on Wednesday as signs of a slowdown in US economic growth and weak earnings in Europe fanned fears
Stock markets rallied on Monday, with fresh signs of economic recovery resonating with investors more than a surge in coronavirus infections worldwide.
Effective 12th July, 2020, the Central Bank of the UAE, CBUAE, will introduce a new deposit facility named Overnight Deposit Facility (ODF), which will enable conventional banks operating in the UAE to deposit their surplus liquidity at CBUAE on an overnight basis.
Pushing ahead its agenda of creating a holistic, development-oriented environment for the UAE’s entrepreneurial community amid the socioeconomic economic challenges brought on by the Coronavirus (COVID-19) pandemic, the Sharjah Entrepreneurship
Ducab Group, one of the UAE’s largest manufacturing businesses, has taken a significant step towards increasing its sustainability with the official opening of its Solar Plant, which was inaugurated by His Excellency Saeed Mohammed Al Tayer,