Visitors during a currency expo at the Riksbank headquarters in Stockholm. File/Agence France-Presse
As Lebanon sinks lower into financial ruin, foreign banks are cutting ties with the Central Bank, making it difficult for the country to purchase goods and transfer payments from abroad.
Sweden’s central bank (CB) ended five years of negative interest rates when it raised benchmark borrowing costs by a quarter point to zero, defying an economic slowdown and global uncertainty.
The Russian Central Bank plans to resume its purchases of foreign currency for state reserves that are pegged to oil prices in 2022, after pausing them this year amid the rouble crash, Governor Elvira Nabiullina said.
Indonesia’s economy expanded more slowly than expected in the first quarter of this year, as investment dropped ahead of elections and campaign spending failed to sustain growth momentum. Southeast Asia’s largest economy grew 5.07 per cent in January-March from a year earlier,
Abu Dhabi National Oil Company (Adnoc) announced on Monday the successful completion of the bookbuild and public subscription process for the initial public offering (IPO)
Dr Matar Hamed Al Niyadi, UAE Ambassador to Kuwait, has said that Expo 2020 Dubai sends a message of peace and tolerance from the UAE to the entire world,
Dubai will welcome visitors from every corner of the globe on Friday to March 31, 2022 to join the making of a new world, as it brings together the planet in one place to re-imagine tomorrow.