Iran central bank proposes slashing four zeros from falling rial

Dubai: Iran’s central bank has proposed slashing four zeros from the rial, state news agency IRNA reported on Sunday, after the currency plunged in a year marked by an economic crisis fuelled by US sanctions. “A bill to remove four zeros from the national currency was presented to the government by the central bank yesterday […]

New special zone for plastic manufacturing opens in Abu Dhabi, to create 7,000 UAE jobs

Dubai: Khalifa Industrial Zone Abu Dhabi (Kizad) launched on Sunday a Polymers Park, which is planned to be a manufacturing base for the downstream plastics industry. The Park is expected to attract $1.5 billion in foreign direct investment over the next four to five years. Located in Abu Dhabi, the Park is set to produce […]