People walk past the Central Bank headquarters in Moscow Reuters
Russian Central Bank (CB) held its key interest rate at record low level of 4.25% and said it will not cut rates further, instead planning to start gradually raising them at some point in the future when inflation stabilises near its target.
Russia’s central bank (CB) kept rates unchanged at a record low, deciding against further rate cuts as inflation accelerates and risks rise of fresh sanctions against Moscow, but said a rate cut was still possible later this year.
Profits in Russia’s banking sector rose to 70 billion roubles ($975 million) in June from just 500 million roubles in May, which included some weeks of lockdown due to the coronavirus pandemic, the central bank said in a report on Friday.
DMCC, the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise, has unveiled prototypes of a new series of gold and silver bullion coins that celebrate the achievements of the UAE over the last 50 years. The coins will be made available for purchase after Ramadan. Announced at the 2022 edition of the Dubai
The European Central Bank is watching for signs of stress in the bank sector from the ongoing financial turmoil but a full-blown crisis is unlikely for now, the ECB’s top brass said on Wednesday. Investors are pondering whether the ECB will be able to continue raising rates to fight inflation given turmoil in the banking sector that has seen two US lenders go
The Sharjah Chamber of Commerce and Industry (SCCI) has organised an introductory meeting for the Sectoral Business Groups, following the reformation of five groups that operate under its umbrella. The meeting sought to bolster communication within the emirate’s private sector and identify challenges and opportunities for development in order
Inspired by UAE’s announcement of 2023 as the “Year of Sustainability”, Almoe Group of Companies and Brother Middle East & Africa held a tree-planting drive in conjunction with GEMS Education and Tadweer Waste Management, rallying students to emerge as key stakeholders in environmental conservation. The impact-driven initiative saw over 400