Dubai: The Dubai Financial Market (DFM) and the Dubai International Financial Centre (DIFC) launched on Wednesday the Dubai Sustainable Finance Working Group. The group aims to coordinate efforts to create the most sustainable financial hub in the region, as part of the UAE’s Sustainable Development Goals 2030. It held its first meeting at the DFM […]
London: WPP is selling a 60 per cent stake in Kantar to private equity firm Bain Capital, valuing the data analytics business at about $4 billion (Dh14.68 billion) and giving the British owner of agencies including Ogilvy and Wunderman Thompson funds to cut debt and rebuild. WPP is restructuring following several profit warnings and the […]
New Delhi: The Indian government has plans to raise as much as Rs3.25 trillion (Dh175 billion or $47.4 billion) in the next five years by reducing its stakes in some large state-owned firms to 40 per cent, two senior government officials told Reuters, in the nation’s biggest privatisation push in more than two decades. Last […]
Ankara: Turkey’s government is preparing to provide a boost to the economy through faster credit growth by tweaking some reserve rules for commercial lenders, according to an official with direct knowledge of the matter. Authorities will set required reserves depending on how much banks lend, pushing through the changes in an omnibus economy bill that’s […]
New York: Federal Reserve Chairman Jerome Powell suggested that the central bank has room to ease monetary policy as the tie between the inflation and jobless rates has broken down. “The relationship between unemployment and inflation became weak” about twenty years ago, Powell told the Senate Banking Committee Thursday. “It’s become weaker and weaker and […]
They got married at the old St. Mary’s Church on July 8, 1969.
Jakarta: Indonesian President Joko Widodo vowed to implement a wave of reforms to attract foreign investment as he looks to unleash the potential of Southeast Asia’s biggest economy during his second term in office. In an interview at his Jakarta office on Friday, the president — commonly known as Jokowi — pledged to quickly lower […]
LONDON: The Bank of England might need to cut interest rates almost all the way down to zero in the event of a no-deal Brexit and it is not clear how long it would take for them to rise again, senior BoE official Gertjan Vlieghe said. Vlieghe’s comments, in a speech at Thomson Reuters in […]
Abu Dhabi: Shaikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, and Chairman of the Federal Tax Authority, FTA, has issued a Decision whereby the “Marking Tobacco and Tobacco Products Scheme” will be implemented on water pipe tobacco and electrically heated cigarettes as of November 1, 2019. The decision also […]
Hazza Al Mansouri and Sultan Al Neyadi were seen trying on their customised Sokol space suits during a fit check in Moscow.