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    Lebanon central bank tells banks to make cheap dollar loans to those hit by Beirut blast

    Lebanon central bank tells banks to make cheap dollar loans to those hit by Beirut blast

    06 Aug 2020

    Lebanon's central bank on Thursday instructed banks and financial institutions to extend exceptional dollar loans at zero interest to individuals and firms impacted by the Beirut port explosion. Money...

    ADX announces listing of $4 billion MDGH bonds

    ADX announces listing of $4 billion MDGH bonds

    04 Aug 2020

    Abu Dhabi Securities Exchange (ADX) announced on Tuesday that it has listed $4 billion Fixed Rate Notes issued by MDGH GMTN B.V. and guaranteed by Mamoura Diversified Global Holding (MDGH)....

    FAA proposes Boeing 737 MAX’s return with changes in design

    FAA proposes Boeing 737 MAX’s return with changes in design

    04 Aug 2020

    The US Federal Aviation Administration (FAA) is proposing requiring four key Boeing Co 737 MAX design and operating changes to address safety issues seen in two fatal crashes that led...

    Markets struggle as coronavirus pummels economies worldwide

    Markets struggle as coronavirus pummels economies worldwide

    31 Jul 2020

    World stock markets ended the week on a low note on Friday in the face of almost unremitting bad news of rapidly-shrinking economic activity, highlighting the “devastating impact” coronavirus has...

    US jobless claims rise to 1.42m as economy grapples with virus

    US jobless claims rise to 1.42m as economy grapples with virus

    23 Jul 2020

    Newly jobless Americans filed nearly 1.42 million claims for jobless benefits last week, reversing recent months of decline as the world’s largest economy grapples with a surge ian coronavirus cases....

    BoJ warns second-round effect of COVID-19 may hurt economy

    BoJ warns second-round effect of COVID-19 may hurt economy

    26 Jun 2020

    The Bank of Japan (BOJ) Governor Haruhiko Kuroda said second-round effects of the coronavirus pandemic could hurt the Japanese economy “considerably”, signalling the bank’s readiness to ramp up stimulus measures...

    World stocks sink due to surge in virus cases and IMF warning

    World stocks sink due to surge in virus cases and IMF warning

    25 Jun 2020

    World stocks spluttered to their lowest level in more than a week on Thursday, as a surge in US coronavirus cases and an IMF warning of an almost 5% plunge...

    Pakistan’s inflation eases as COVID-19 hammers economy

    Pakistan’s inflation eases as COVID-19 hammers economy

    01 May 2020

    Pakistan’s consumer price inflation eased to 9.5% in April, its statistics office said on Friday, extending a months-long decline as the economy tanks due to the coronavirus crisis despite three...

    UAE’s banking sector acts quickly to provide relief

    UAE’s banking sector acts quickly to provide relief

    30 Apr 2020

    Business Bureau, Gulf Today The UAE banking sector is on solid growth track and is marching ahead despite COVID-19 challenges. Mohammed Ibrahim Al Shaibani, Director-General of His Highness The...

    Pakistan’s inflation rate to drop

    Pakistan’s inflation rate to drop

    09 Apr 2020

    The Asian Development Bank has projected that Pakistan’s inflation rate would slow down to 8.3 per cent in the fiscal year 2020-21. “Inflation is forecast to decelerate to 8.3 per...

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