Browsing: finance

ABU DHABI: The foreign assets of the UAE Central Bank (CBUAE) increased by 2.55 percent during April, reaching AED 750.29 billion at the end of the month, compared to AED 731.62 billion at the end of March.

Saudi Arabia has expanded access to its local bond markets by appointing five more financial institutions as primary distributors of government debt instruments. 

Rwanda’s Finance Ministry said on Friday that South Korea has awarded it $1 billion in concessionary loans to fund projects in several sectors including transport, healthcare, and education.

Governor of the Central Bank of Egypt (CBE) Hassan Abdullah has signed the WE Finance Code initiative charter with the European Bank for Reconstruction and Development (EBRD) to bolster women’s financial inclusion and economic empowerment in Egypt, as per a statement.

Japan began circulating its first new banknotes in 20 years on Wednesday, featuring three-dimensional portraits of the founders of financial and female education institutions in an attempt to frustrate counterfeiters.

RIYADH: Saudi energy giant ACWA Power Co. has signed financing deals worth SR1.4 billion ($373.1 million) for Tashkent’s Riverside power plant in Uzbekistan, according to a statement on Tadawul.

RIYADH: Loans by Saudi Arabia’s banking sector increased to SR2.72 trillion ($726.44 billion) in May, marking an annual 11.14 percent rise, official data showed. 

EU companies are signing investment deals potentially worth more than 40 billion euros ($42.85 billion) with Egypt, European Commission President Ursula von der Leyen told an investment conference that opened on Saturday.

Warren Buffett donated another $5.3 billion of Berkshire Hathaway stock to the Bill & Melinda Gates Foundation and four family charities, his biggest annual donation since he began making them in 2006.

The International Monetary Fund (IMF) has criticized Washington for the persistent “misalignment” of its fiscal policy