by Vasu Jit Kalia | August 28, 2024 | Banking, Central Banks
China’s central bank conducted 277.3 billion yuan (about US$38.94 billion) of seven-day reverse repos at an interest rate of 1.7 percent Wednesday. Xinhua news agency quoted the People’s Bank of China as saying that the move aims to keep liquidity...
by Vasu Jit Kalia | August 22, 2024 | Banking, Central Banks
Korea’s central bank froze its key rate for the 13th straight session Thursday due to soaring home prices but may start a policy pivot this year amid moderating inflation and a slower-than-expected economic outlook, Yonhap News Agency reported. The monetary...
by Vasu Jit Kalia | August 22, 2024 | Banking, Central Banks
The Central Bank of the UAE (CBUAE) has revoked the licence of Muthoot Exchange, an exchange house operating in the UAE, and struck its name off the Register, pursuant to Article 137 (1) of the Decretal Federal Law No. (14) of 2018 regarding the Central Bank and...
by Vasu Jit Kalia | August 20, 2024 | Banking, Central Banks
Global economy is going through a turmoil, and China is one of the leading economies any small change here has a global impact. As anticipated by the market had China had left lending rates unchanged at a monthly fixing on Tuesday in order to strengthen its economy....
by Vasu Jit Kalia | August 19, 2024 | Banking, Central Banks
Dubai Chambers has signed a Memorandum of Understanding (MoU) with China Construction Bank (CCB) – DIFC Branch to promote investment cooperation and strengthen joint efforts to support Chinese companies wishing to expand in the Dubai market. The MoU is aimed at...
by Jibran Munaf | August 11, 2024 | Banking, Central Banks, News
Credit facilities extended by UAE national banks to the business and industrial sectors amounted to AED 25.7 billion ($7 billion) during the first five months of 2024, according to the latest figures from the Central Bank of the United Arab Emirates (CBUAE). The apex...
