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The Asian Development Bank (ADB) approved $1 billion in immediate budget support to Pakistan to shore up the country’s public finances and help strengthen economy besides approving $300 million to support energy sector reforms.
National Bank of Fujairah (NBF) is pleased to announce its results for the six-month period ended 30 June 2021. NBF posted a net profit of Dhs76.2 million for the six month period ended 30 June 2021,
South Korea’s central bank left interest rate steady on Friday even as it trimmed growth and inflation projections, underlining a cautious view on the economy in the face of global risks and cementing market bets for more policy easing next year.
Dubai Freezone Authority (Dafza), represented by Director General, Dr Mohammed Al Zarooni, and a number of officials welcomed a delegation from the Bank of China (BoC),
The International Monetary Fund (IMF) urged the Bank of Japan (BoJ) to consider steps to ease the strains caused by its ultra-loose policy on financial institutions, such as targeting a shorter maturity for its long-term bond yield target.
State Bank of India will auction NPAs worth Rs700 crore this month to recover its dues from those borrowers. There will be three auctions in the month and the total amount outstanding is Rs700.34 crore, according to SBI’s auction plan.
The Central Bank of the UAE (CBUAE) has maintained the base rate applicable to the overnight deposit facility (ODF) at 15 basis points, effective from Thursday (July 29).
The United Arab Emirates and Asian Infrastructure Investment Bank (AIIB) on Tuesday signed a Memorandum of Understanding (MoU) to finalise plans for the UAE
Under the new law, legal action may not be taken against debtors if they invoke their insolvency status and begin the process of restructuring their debt.
Pakistan’s central bank (CB) kept its main interest rate at 13.25 per cent, having recently stopped hiking rates as data on the economy has begun to show that inflation is steadying.
