Argentina’s central bank building in Buenos Aires. Agence France-Presse
Profits in Russia’s banking sector rose to 70 billion roubles ($975 million) in June from just 500 million roubles in May, which included some weeks of lockdown due to the coronavirus pandemic, the central bank said in a report on Friday.
The Russian Central Bank plans to resume its purchases of foreign currency for state reserves that are pegged to oil prices in 2022, after pausing them this year amid the rouble crash, Governor Elvira Nabiullina said.
Most emerging market (EM) currencies made small moves on Monday as surging number of coronavirus cases kept risk appetite muted ahead of a slew of emerging market central bank meetings this week, with focus also on a European recovery fund plan.
Effective 12th July, 2020, the Central Bank of the UAE, CBUAE, will introduce a new deposit facility named Overnight Deposit Facility (ODF), which will enable conventional banks operating in the UAE to deposit their surplus liquidity at CBUAE on an overnight basis.
“It is extremely encouraging to share that there is remarkable increase of 300 to 400 % in the exports of sesame seeds this year. Exports of Pakistani rice will cross $3 billion in comparison to about $1.5 billion formerly,” underlined Motiwala.
Gulf Oil International Limited (Gulf), a global leader in providing a comprehensive range of high-performance lubricants and related products across a diverse range of market segments for more than a century, has partnered with OTO Pakistan (Private) Limited (OTO) in the Pakistan
The German government expects the economy to grow 0.2% this year, far less than a previously forecast 1.3%, as weak global demand, geopolitical uncertainty and persistently high inflation dent hopes for a swift rebound. The revised forecast was approved by the cabinet on
Emirates Development Bank (EDB), the key financial engine of economic development and industrial advancement in the UAE, underscored its pivotal role in fostering sustainable, self-reliant economic growth across key sectors during Global Trade Review Mena 2024 (GTR Mena) at