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Travelex undertakes major UAE expansionTravelex, a market leading foreign exchange brand, has undertaken a major expansion in the UAE with the launch of 13 new stores across Abu Dhabi and Dubai airports. At Zayed International Airport, Travelex is d More… |
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Travelex undertakes major UAE expansionTravelex, a market leading foreign exchange brand, has undertaken a major expansion in the UAE with the launch of 13 new stores across Abu Dhabi and Dubai airports. At Zayed International Airport, Travelex is d More… |
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India's foreign exchange reserves hit fresh high of $684bnIndia's foreign exchange reserves increased by $2.299 billion, reaching a fresh record high of $683.987 billion, during the week that ended on August 30, according to data released by the Reserve Bank of India (RBI) on Friday. More… |
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Emirates NBD launches ‘Foreign Exchange and Trade’ promotionEmirates NBD, a leading banking group, has announced the launch of its mega Foreign Exchange and Trade customer promotion, with over AED3 million ($820,000) prizes on offer. As part of the promotion that will r More… |
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Bhutan cuts Sustainable Development Fee by 50% to $100Bhutan has cut its tourism levy, known as the Sustainable Development Fee (SDF), by half to bolster its tourism sector. The 50% reduction on its tourism levy ($100 per person, per night, down from $200 per person per night) will come in More… |
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Bahrain’s money supply surges to $34.7bn in Q1Bahrain’s money supply (M3) increased to BD13.2 billion ($34.7 billion) at the end of the first quarter (Q1) of this year compared to BD12.4 billion at the end of Q1 2018, according to data released by the Central Bank of Bahrain (CBB). More… |
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UAE Central Bank gold holdings top $307 millionThe UAE Central Bank's reserve of gold bars amounted to Dh1.129 billion ($307.3 million) by the end of October 2017, a growth of 11.2 per cent from Dh1.015 billion by the end of 2016. The month of April 2017 saw the Central Ba More… |
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Blockchain ‘can transform UAE’s financial sector’Blockchain technologies have the potential to revolutionize the rapidly growing financial services sector in the UAE and broader GCC region, according to a new report from global consulting and technology firm Booz Allen Hamilton. More… |
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GCC money markets slowing down: reportGCC money markets are slowing down, with softening of foreign exchange, credit default swap, corporate bond and equity market pricing resulting from continued macro-economic uncertainty, a report said. Saudi Arabia, Oman and Bahra More… |
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Sisi warns of harsh and tough measures to fix economyEgyptian President Abdel Fattah al-Sisi warned citizens on Monday that tough measures would be needed to turn the country's ailing economy around as the government negotiates a $12 billion loan programme with the International Monetary Fund. More… |
