The European Central Bank on Thursday is set to slash rates again by 25 basis points just days ahead of...
- The strategy focuses on risk-based compliance, international cooperation, effective supervision, and disrupting illicit financial activities through improved data collection, analysis,...
Investment funds hold both local and foreign assets.The decline was attributed to a 10 percent drop year-on-year (YoY) in local assets – which represent 74% of total assets – to $38 billion.
Investment funds are either open- or closed-end, with total assets of open-end funds at approximately SAR 159.7 billion ($42.5bn).
The UAE Ministry of Education has approved the Code of Conduct for professionals in the sector to set up clear,...The code of conduct will enhance an educator’s professional responsibilities
The code is a framework of the basic values and ethics that an educator must commit to.
- The leader of Italy's far-right League party, Matteo Salvini, has sparked debate by saying that the unprecedented sanctions the West...
Skyrocketing energy prices since the start of the war in Ukraine have wreaked economic pain on countries.
Someone in Europe has made a bad calculation. It is essential to rethink the strategy to save jobs and businesses, said Matteo Salvini, a far right leader in Italy.
It will buy stake in a US healthcare firm Ardent.Ardent Health Services is the fourth largest private hospital operator in the United States with operations across six states.
Pure Health would receive board observer rights but would not have a seat on Ardent’s board of directors.
Based on June data of Saudi and UAE central banks, the aggregate assets of Saudi banks (3.529.1 trillion) exceeded those...The Saudi banks’ assets broke the SAR 3 trillion-mark for the first time at the end of Feb 2021, the SAR 2 trillion-mark in Mar 2014 and the SAR 1 trillion-mark in Oct 2007.
Saudi banks’ assets in June made up almost 135 of real gross domestic product (GDP) of SAR 2.614.7 trillion – their highest level ever.
Doha--Qatar Central Bank (QCB) has issued treasury bills for September 2022 for three, six and nine months, with a value...The duration of the bills is three, six and nine months with interest rates ranging between 1.09 percent and 2.22 percent.
This issuance came as part of the Qatar Central Bank's monetary policy initiatives and its efforts to strengthen the financial system.
Bahrain has launched a multi-entry e-visa for training purposes, allowing a holder to stay in the kingdom for six months.The Nationality, Passports and Residence Affairs (NPRA) said the visa is part of the 24 initiatives to enhance the NPRA services and the economic recovery plan
The visa could be applied for on www.evisa.gov.bh for a fee of BD60
Once the flagship of Lebanon's economy, the banking sector is now widely despised and avoided after banks barred depositors from...Lebanon has been battered by its worst-ever economic crisis since the financial sector went into meltdown in 2019
Some companies are now even paying salaries through money transfer companies instead of banks
Social Security statements reached QR 78 million in July 2022, for 14,495 beneficiaries, recording a monthly decrease of 0.2% for...General index of the Qatar Stock Exchange increased in July 2022 at a monthly rate of 9.7% compared to June 2022.
Cash equivalents; including Commercial Bank Deposits, attained for approx. QR 965 billion ($265bn) during July 2022.
- Indonesia has a viable path to reaching its target of net zero emissions by 2060, bringing major benefits to its...
Key policy reforms and international support will be crucial to the success of the clean energy transition in the world’s fourth most populous country.
The clean energy transition offers huge opportunities for the next chapter of Indonesia’s development as it seeks to become an advanced economy by 2045.
