People walk past the headquarters of Russian Central Bank in Moscow. Agence France-Presse/ File
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.
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.
The Russian central bank (CB) is developing new criteria for a maximum debt level for domestic companies to prevent any possible systemic risk at an early stage, Elizaveta Danilova, head of the bank’s financial stability department, told Reuters.
Dr Sultan Bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President, said that ALTÉRRA, the catalytic climate vehicle announced on Friday, reflects the COP Presidency’s Action Agenda and the UAE’s efforts to make climate finance available, accessible and affordable.
India’s Nifty reached historic highs on Friday, with the mid-small cap segment also on the rise, fuelled by faster-than-expected economic growth in the September quarter and increased optimism regarding the global interest rate outlook, Shrey Jain, Founder and CEO SAS Online, said.
Abu Dhabi Future Energy Company – Masdar, the UAE’s clean energy powerhouse, is part of an £11billion investment into the UK’s renewable energy sector and is purchasing a 49 per cent stake in RWE’s 3 gigawatt (GW) Dogger Bank South (DBS) projects - which form one of the world’s largest planned
Scotland kicked off its COP28 activity with a St Andrew’s Day Reception following the first day of the conference. The First Minister, Humza Yousaf, joined 21 Scottish businesses and organisations in the food and beverage sector at the VIP business event, who showcased their products, with support from