Central Bank reviews TESS
The Board of Directors of the Central Bank of the UAE (CBUAE) during its 6th meeting of the year, reviewed the functioning
Saudi fund rolls out $1bn stimulus plan to help industry
The Saudi Industrial Development Fund (SIDF) has come up with a pandemic stimulus plan to push the industries into momentum. The SIDF
‘Profound uncertainty’ before the world economies: GITA GOPINATH
In a blog post on Tuesday, the Chief Economist of International Monetary Fund, Gita Gopinath, observed that although many countries begin to
Nasdaq Dubai welcomes listing of US$1 billion Sukuk by DIB
Nasdaq Dubai, the region’s international financial exchange, announced it has welcomed the listing today of a US$1 billion Sukuk by Dubai Islamic
Abu Dhabi Global Medium Term Notes to be listed from tomorrow
Abu Dhabi Securities Exchange, ADX, announced that the listing of Emirate of Abu Dhabi Global Medium Term Note Programme will begin from
UAE Govt completes first phase of its shift to accrual accounting
The UAE Ministry of Finance, MoF, announced on Sunday the successful launch of the first phase of government entities to transition to
Indian foreign exchange reserve above 500 bn
India’s foreign exchange reserves rose by over $8.223 billion during the week ended June 5 to cross the $500 billion mark. According
GST Council extends temporary reliefs to small businesses
The GST Council on Friday decided to halve the interest rate on late filing of GSTR-3B returns for the period of February,
Japan passes USD 297 bn supplementary budget
Aiming to further cushion the economic blow delivered by the coronavirus pandemic, Japan’s parliament on Friday enacted a record 31.91 trillion yen
UK economy shrank 20.4% in April
The UK’s economy witnessed the largest monthly contraction on record, in April. The fall is said to be over three times the