Vendors at a fruit market in Xochimilco, Mexico, on Wednesday. Agence France-Presse
Mexico’s central bank (CB) unveiled around $31 billion in support for the financial system and cut borrowing costs in the country’s most decisive move yet to help the economy weather the coronavirus pandemic.
The Riksbank, Sweden’s central bank, said it still expects to tighten policy around the turn of the year, surprising markets and sparking big gains in the long-suffering crown currency.
Mexico’s central bank (CB) has hinted that further monetary policy easing could be on the way. The bank cut its key lending rate on Thursday for the first time since June 2014, citing slowing inflation and increasing slack in the economy.
This major achievement is a testimony of UAE’s leadership’s vision to transform the country to a digital first and knowledge based economy.
Japan and Britain signed a free trade agreement on Friday, the the first such major post-Brexit deal, reducing tariffs on goods as well as auto parts for Japan’s Nissan plant.
Dubai is an exceptional city where the infrastructure and high-quality logistics services are the best of its kind in the region, as well as the most advanced infrastructure communication and technology networks, which give Dubai a competitive edge.
AIM Digital, the first digital edition of the Annual Investment Meeting, the world’s leading investment platform, concluded on a high note as it showcased major activities highlighting its six pillars, namely, Foreign Direct Investment,