Officials during the event.
The Russian central bank (CB) trimmed its key interest rate to 7.25%, as expected, and said more cuts were likely later this year amid slowing inflation.
Abu Dhabi Islamic Bank (ADIB), a leading financial institution, and Al Baraka Banking Group (Al Baraka), a Bahrain-headquartered Islamic multinational banking group, on Sunday announced that they have signed a memorandum
State-owned lender Bankia on Monday reported a 31.6 per cent fall in second-quarter net profit from a year earlier due to lower trading income although income from loans showed some signs of stability.
Noor Bank, one of the leading Shari’ah-compliant banks in the UAE, entered a successful collaboration with Azimut (DIFC) Limited to launch the largest US-dollar Islamic fixed maturity plan (FMP) in the UAE under a Dubai International Financial Centre (DIFC) domiciliation.
The Dubai hospitality sector is on solid growth track and is marching ahead bucking the global trends. Today, we are on the brink of a full-house occupancy at the hotel with 90 per cent occupancy rate that is expected to reach 100 per cent
India’s retail inflation rose close to the central bank’s medium-term target of 4% in September for the first time in 14 months, but analysts still predict a sharp economic slowdown will prompt a sixth consecutive interest rate cut in December.
Dubai Chamber of Commerce and Industry has announced that it has signed a memorandum of understanding (MoU) with Emirates NBD, a leading bank in the region, under which the bank