People walk past a bank in Rio de Janeiro, Brazil. Reuters
Brazil’s central bank (CB) delivered its first interest rate hike in nearly six years on Wednesday, a larger-than-expected 75 basis point increase to 2.75%, and flagged a similar move in May to fight inflation despite rising economic uncertainty.
The Riksbank, Sweden’s central bank, said it still expects to tighten policy around the turn of the year, surprising markets and sparking big gains in the long-suffering crown currency.
Brazil’s services sector activity expanded in August for the second month in a row, a closely watched purchasing managers index (PMI) survey showed, although the pace of growth slowed.
The Swiss National Bank can expand its balance sheet further if necessary, the central bank said on Monday, after its annual report showed it ramping up foreign currency interventions to 110 billion Swiss francs ($118.27 billion) during 2020.
The new and improved integrated digital tax service platform EmaraTax, set to be launched by the Federal Tax Authority (FTA) in a few days, will be a cornerstone of our efforts to shape the future of the UAE tax system,”
The global amusement parks market grew from $42.68 billion in 2021 to $69.27 billion in 2022 at a compound annual growth rate (CAGR) of 62.3 percent, according to research reports.
Riding on the success of Madrid, Riyadh, Bahrain, Mumbai, Milan, and Bogotá editions, International Real Estate Community Management Summit (IRECMS Dubai) will have a 4-day schedule