A man walks past a foreign exchange outlet in Mexico City. File/Reuters
Pakistan’s central bank (CB) kept its main interest rate at 13.25 per cent, having recently stopped hiking rates as data on the economy has begun to show that inflation is steadying.
The National Bank of Hungary’s (NBH) closely watched gauge of lasting price developments, tax-adjusted core inflation, will peak at 3.8% in the fourth quarter and decline from the end of 2019, the bank said in its quarterly inflation report.
Australia’s strong economic performance of recent decades has allowed its central bank to avoid the kinds of unorthodox policies seen in other countries, but record low rates mean less conventional measures may be needed to tackle new challenges.
Emirates SkyCargo has announced that it is stepping up its readiness to handle the logistical complexities of distributing a potential COVID-19 vaccine globally by creating the world’s first dedicated airside cargo hub for the vaccine in Dubai.
World shares slipped to a two-week low and oil steadied after another heavy fall on Thursday, as the global surge in COVID-19 cases and fractious US stimulus talks kept financial markets cautious.
Chairman of the Abu Dhabi Department of Energy Awaidha Murshed Al Marar has said that the department is implementing the directives and visions of the UAE’s leadership to enhance the stature of Abu Dhabi
Mariam Bint Mohammed Saeed Hareb Al Mheiri, UAE Minister of State for Food Security, and Brazil’s Minister of Agriculture, Livestock and Supply, Tereza Cristina, kicked off the third day of the Brazil-Arab Countries Economic Forum.