The headquarters of Bank of Korea in Seoul. Agence France-Presse
The strengthening of national and global food security was the topic on the agenda during the visit of Mariam Almheiri, Minister of State for Food Security, to South Korea last week. Building on the existing strategic alliances that the UAE has with Asia’s fourth largest economy,
North Korea’s gross domestic product (GDP) contracted by 4.1% last year in real terms, the worst since 1997 and the second consecutive year of decline after a 3.5% fall in 2017,
South Korea’s consumer inflation faltered to its slowest on record in August while second quarter economic growth was revised down on weaker exports, firming up the case for central bank rate cuts as early as next month.
The Sharjah Chamber of Commerce & Industry, SCCI, represented by the Sharjah Training & Development Center (STDC), has recently launched an online course on the “infection and ways to prevent and combat it”.
The UAE stocks continue to respond favourably to the country-level fiscal incentives and stimulus packages being launched, and gained Dhs12.5 billion in market cap by the end of Sunday’s session.
Egyptian banks have been instructed to apply temporary limits on daily withdrawals and deposits in a move seemingly designed to control inflation and hoarding as concern grows over the spread of the coronavirus.
Finance Minister Nirmala Sitharaman asked public and private sector banks to ensure uninterrupted banking operations and flow of liquidity. In a series of tweets, the office of Sitharaman said that she spoke to chiefs of public sector banks and representatives of private banks.