April 11, 2021

EBRD set to invest more than €2bn in Mena region in 2021

The European Bank for Reconstruction and Development plans to invest at least €2.1 billion ($2.5bn) in the Mena region this year, mostly in the......

April 8, 2021

Indian rupee loses 1.5% in biggest single-day fall for 20 months

MUMBAI: The Indian rupee lost 1.5% on Wednesday, suffering its biggest single-day fall in 20 months as the central bank mapped out plans for a massive government bond buying programme.......

March 29, 2021

New improvement of exchange rate of Syrian pound against US dollar

The markets recorded a new and better exchange rate on Saturday, as the value of the Syrian pound rose by 10%, financial and economic sources in the markets told “Al-Watan”......

March 25, 2021

Turkey: currency crisis after bank governor sacked

The value of the Turkish lira has fallen by 15 per cent after President Recep Tayyip Erdogan sacked the governor of the country's central bank over the weekend. Naci Agbal was......

March 23, 2021

Lavrov calls for abandoning the use of dollar in transactions

Moscow (ST): Russian Foreign Minister Sergey Lavrov called for the use of national currencies instead of the US dollar in mutual settlements between countries to reduce the risks......

March 23, 2021

Discover Announces Alliance with Malaysia’s PayNet to Expand Worldwide Acceptance

Discover, a leading digital bank and payments company, and Payments Network Malaysia Sdn Bhd (PayNet), the national payments network and shared central infrastructure for payment......

March 16, 2021

In turning point for Kuroda, BoJ to phase out asset-buying goal

TOKYO: The Bank of Japan may phase out a numerical target for its risky asset buying at a policy review on Friday, highlighting the rising cost of prolonged easing and marking a turning......

March 7, 2021

Venezuela to introduce one million bolivar bill as inflation persists

CARACAS: Venezuela’s central bank said on Friday that it would introduce a banknote worth 1 million bolivars beginning next week, as years of incessant hyperinflation continue......

March 3, 2021

HSBC names Mohammed Al Marzouqi as UAE head of global banking

HSBC has appointed Mohammed Al Marzouqi as head of global banking in the UAE, subject to regulatory approval. The bank said in a statement on Tuesday that this was a newly created......

February 27, 2021

Bank of England's Andy Haldane warns inflation 'tiger' is on the prowl

Bank of England chief economist Andy Haldane compared inflation to a “tiger” that has been woken up and could prove difficult to tame, as he warned central bankers across......