Emirates NBD, Abu Dhabi Commercial Bank (ADCB), First Abu Dhabi Bank (FAB) and Bank of Sharjah are amongst the national banks to programme their ATMs for the new denominations.
The Central Bank of the UAE (CBUAE) has launched two new banknotes, in five and ten dirham denominations, made of polymer and enhanced by advanced technical characteristics and security features.
Turkey’s annual inflation will peak at around 70 per cent by June before declining to near 43 per cent by year-end, the central bank forecast on Thursday,
The World Bank has projected a contraction of the Ukrainian economy in 2022 to be 45 per cent and that of Russia to be 11.2 per cent. This is directly related to the war, triggered by Russia’s invasion of Ukraine, on February 24.
Few Lebanese believe next Sunday’s parliamentary election will install enough reformers in the 128-member national assembly to effect change and save the country from the downward slide which began nearly four years ago and inspired
The Turkish lira weakened for the third consecutive day on Wednesday, tumbling 5 per cent and eating further into the huge gains made the previous week, as worries persisted over soaring inflation and unorthodox monetary policy. The losses gathered pace after little initial
The Anti-Economic Crimes Department at the Dubai Police, within less than an hour, arrested an African gang on charges of defrauding with counterfeit $15 million.
The Indian rupee fell to a historic low on Monday, while bond yields surged as a sharp rise in global prices of crude oil stirred concern about domestic inflation, strengthening prospects for interest rate hikes by the central bank.
Sri Lanka’s central bank (CB) has devalued the rupee by up to 15 per cent, taking one of several steps analysts said are needed to obtain a International Monetary Fund loan programme that would boost currency reserves and help negotiate debt