Picture used for illustrative purpose only.
Indian shares tumbled on Friday, as banking stocks came under pressure after the country’s central bank placed troubled lender Yes Bank under a moratorium and took over its board.
Indian stock markets erased all their initial gains on Friday, with the BSE Sensex closing 131.18 points lower, although the Reserve Bank of India (RBI) announced an emergency rate cut of 75 basis points.
Coronavirus fears continued to cause mayhem in the stock markets as the BSE Sensex ended over 2,700 points lower and the Nifty50 on the National Stock Exchange (NSE) settled below the 9,200 mark. This is the second biggest single-day fall in the history of Sensex.
Speaking to a Pakistani private media channel after her meeting with Interim PM Anwaar-ul Haq Kakar, Georgieva said "what we are asking in our programme is that please collect more taxes from the wealthy and please protect the poor people of Pakistan."
The Ministry of Finance (MoF), in collaboration with the World Bank Group’s Multilateral Investment Guarantee Agency (MIGA), held two workshops at the headquarters of the Chambers of Commerce in Dubai and Abu Dhabi.
Paradigm 3D on Thursday opened the doors to its state-of-the-art Dhs20 million 3D-printing facility in Dubai — the first in the Middle East capable of producing parts