Women look at a foreign currency board inside a currency exchange shop in Ankara, Turkey. Associated Press
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.
Turkey’s annual inflation rate rose slightly more than expected to 11.84 per cent in December, official data showed on Friday, ending the year close to a government target and probably narrowing the window for more interest rate cuts in 2020.
Turkey’s lira hit a record low on Friday as concerns over global inflation, an early election and a possible ratings downgrade marked the latest milestone in a years-long depreciation that has dogged the big emerging market economy.
His Highness Sheikh Mohamed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received visiting French President, Emmanuel Macron,
The Maharashtra Week at the India Pavilion in Expo 2020 Dubai concluded on Thursday with a huge success as the state received investments of INR15,260 crore ($2 billion)
Under the patronage of His Highness Sheikh Mansour Bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, and Chairman of the Abu Dhabi