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Five years after Swiss National Bank (SNB) upended global currency markets by scrapping the Swiss franc’s peg to the euro, it is under widening pressure to adjust its ultra-loose monetary...
Ehab Atta, Staff Reporter An Arab employee, 61, stole 142 cheques from the school he used to work for. The school owner told the police that the suspect, who worked...
The Swiss National Bank (SNB) plans to pay out 2 billion Swiss francs ($2.05 billion) - and possibly more - to Switzerland’s federal and cantonal governments after swinging to a...
Business Bureau, Gulf Today An MUFG Mena Economic report issued expects a pick-up in Mena regional growth in 2020. The bank’s research forecasts Mena real GDP growth of 2.7 per...
The SBI lowered the economic growth forecast to 4.6 per cent from the earlier 5 per cent. This estimate however has a shelf-life of only two months and is only...
Business Bureau, Gulf Today The Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has signed an agreement to provide a $80 million Shariah-compliant Ijara facility to Oman Shipping Company...
The Ministry of Finance said that the health of public sector banks (PSBs) which have been reeling under non-performing assets for the last few years has been restored and a...
India’s foreign exchange reserves continued their upward trajectory during the week ended Dec.20 to touch a new record high. The Reserve Bank of India’s reserves rose by $456 million during...
Ehab Atta, Staff Reporter The Criminal Court in Dubai has acquitted a 27-year-old man from a GCC country of the charge of stealing Dhs642,000 from an African employee in complicity...
Ehab Atta, Staff Reporter The Dubai Public Prosecution has referred an Arab PRO, 43, for trial on two charges, which are forging 26 commercial licences of a catering company...
