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,
The 21st edition of Airport Show was opened in Dubai, amidst increased confidence and indications that the aviation industry is experiencing a huge surge to return to the pre-pandemic levels and sustained growth outlook.
Shadi Malak, CEO of Etihad Rail, the developer and operator of the UAE national railway network, has said that Etihad Rail is committed to foster the vision of country’s leadership,
The UAE is Australia’s largest trade and investment partner in the Middle East. With $6.8 billion in two-way trade in 2020 (over $10 billion pre-COVID), the UAE is Australia’s 19th largest export market globally for goods and services.
Sheikh Hasher Bin Maktoum Al Maktoum, Director General of Dubai Department of Information has officially opened CABSAT 2022 - the region’s leading satellite, broadcast, and content event – at Dubai World Trade Centre (DWTC) on Tuesday.