Customers at a supermarket in Moscow. File/Agence France-Presse
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.
The Russian central bank (CB) lowered its key interest rate to 6.25% amid slowing inflation and said further rate reductions in the first half of 2020 looked possible but not imminent.
The Russian central bank lowered its key interest rate to 6.00% on Friday, cutting the cost of lending for the sixth consecutive meeting amid slowing inflation, and said a further rate cut was possible at an upcoming meeting.
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.
The Abu Dhabi Government’s participation in Gitex Technology Week 2020, taking place until December 10th at the Dubai World Trade Centre, features the attendance of 23 government entities in addition to academic institutions and a group
The Emirates Payment Services has announced the launch of Empay, the world’s first contactless instant credit lifestyle payment ecosystem. Empay, designed and developed within the UAE’s Smart Government programme framework, is a payment
Two of the richest men in the world, Jeff Bezos of Amazon.com and Mukesh Ambani of Reliance Industries Limited (RIL) have locked horns for dominance in India’s near trillion-dollar retail sector. Analysts say the outcome of the court battle
Cityscape’s Real Estate Summit, a special one-off edition of the annual event, successfully delivered over 100 hours of important industry-specific talks as key real estate ecosystem representatives converged to stimulate business, make meaningful