Facilitated through the multi-CBDC platform ‘mBridge’, the transaction utilised central bank-mandated digital currencies for international fund transfers
Inflation hit a 24-year peak of 85 per cent last year and surged again in recent months as the lira weakened for a third year in a row
The US Federal Reserve raised its key interest rate by 50 basis points
Spot gold was little changed at $1,674.62 an ounce as of 7.48am in Singapore
West Texas Intermediate traded near $84 a barrel after closing almost 2 per cent lower on Tuesday following a volatile session
Whether you’re Poland or Peru should make a big difference in deciding just how big a priority a central bank digital currency should be
Anticipated changes in the international monetary system and concerns over rising economic risks in reserve currency economies are also major factors
Riad Salameh is also under investigation in France and Switzerland
Prudential relief measures regarding banks’ capital buffers and liquidity and stable funding requirements will be extended by six months
The board also endorsed the criteria that govern banks’ loan exposure to the real estate sector
The fuel crisis has exacerbated power blackouts and resulted in miles-long lines at gasoline stations
A Dhs100bn Targeted Economic Support Scheme initiative was launched by the CBUAE in March 2020
Ahmed Alkholifey is being replaced by Fahad Al-Mubarak, who was central bank governor from 2011 to 2016
The Kuwait Banking Association said in June that there would be no distribution of dividends to shareholders for 2020
Oman’s central bank also said banking sector in the sultanate was “comfortably placed”
The UAE has rolled out economic support packages worth more than Dh388bn to mitigate the impact of the pandemic
The stock fell as much as 10 per cent to trade at EGP60.10 pounds before paring the decline to 7.2 per cent at close
Bullion is up more than 30 per cent this year, and could extend gains as governments and central banks respond to slowing growth with vast amounts of stimulus
Non-oil growth is projected to contract by 4.1 per cent in 2020 due to the adverse implications of Covid-19
The sovereign fund has spent billions of dollars this year buying equities, including stakes in BP, Boeing, Citigroup and Facebook