The photo has been used for illustrative purposes.
This decision comes after the Federal Reserve announced an increase in the interest rate on reserve balances by 50 basis points at its meeting held on May 04, 2022.
The UAE Central Bank imposed administrative and financial penalties on a bank in the UAE for breaching the Anti-Money Laundering law.
Egypt’s central bank left its key interest rates unchanged, unexpectedly halting an easing cycle that began in August. The bank kept its deposit rate steady at 12.25% and its lending rate at 13.25%, the bank’s Monetary Policy Committee (MPC) said in a statement.
Sheikh Mansour added, "We see in this issuance that the UAE has entered a new phase in its history and a renewed pledge to continue the process of economic and social growth. This occasion also allowed us to express our appreciation and gratitude to our founding fathers, by issuing a new 50 dirham banknote to celebrate the passing of Fifty years since the establishment of the UAE.
Since the delivery of the first installation-free Wisewell Model 1 in September 2022, users have now consumed a staggering 500,000 liters of water, effectively preventing one million 500ml single-use plastic bottles from landfills.
When completed, the wind power plant will produce 47,790 gigawatt-hours of clean energy annually, and will contribute to avoiding the emission of 23.8 million tonnes of carbon dioxide, equivalent to approximately 9% of Egypt's current carbon dioxide emissions.
The Ministry of Industry and Advanced Technology (MoIAT) and EDGE Group have jointly launched Talk 4.0, a new knowledge-exchange initiative to empower industrial leaders