Yasir Al-Rumayyan, the governor of Saudi Arabia’s Public Investment Fund (PIF) and Chairman of Saudi Aramco, said governments and businesses are unable to sustain the level of spending that they did in the past and they must now reduce spending…
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The private sector must get involved in tackling global crises as governments alone as governments alone do not have the multiple trillions of dollars required, Ajay Banga, the President of the World Bank, said on Tuesday. The worlds’ crises, including…
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As higher interest rates and the cost of living increasingly pinch Canadians’ wallets, consumers ranked Bank of Montreal highest in J. D. Power’s annual customer satisfaction survey. The Montreal-based firm unseated last year’s top-ranking bank, Royal Bank of Canada , which came a close…
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Dozens of China-listed companies announced plans on late Monday to buy back shares or scrap plans of stock selling, following a slew of measures authorities took to boost a flagging stock market. This follows more than a hundred Chinese companies…
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Emirates NBD has launched the ‘National Digital Talent Incubator’ programme as part of the bank’s strategic partnership with the Dubai International Financial Centre (DIFC). Facilitated by DIFC’s venture-building platform, DIFC Launchpad, the bespoke incubator program aims to boost UAE talent…
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Adani Ports’ total cargo for the first half of the 2023-24 fiscal reached 202.6 million metric tonnes (MMT), crossing the 200 MMT milestone in the initial six months of the year, according to the filing. The growth was contributed by…
Read moreFor the past three decades, China has been on the upswing of a supercycle that saw an almost uninterrupted expansion of the country’s capacity to manufacture, appetite to consume, and ability to project power across the world economy. The Chinese…
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Al Etihad Payments (AEP), a unit of the Central Bank of the UAE (CBUAE), has partnered with NPCI International Payments (NIPL) to advance the development of the country’s first national domestic card scheme. The UAE central bank’s launch of Al…
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Japan must focus on improving wage growth to pave the way for sustainable inflation, Bank of Japan board member Asahi Noguchi said on Thursday, signalling that the central bank must retain its monetary easing policy for the time being. Noguchi,…
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The Irish Government has unveiled a 14 billion euro budget package it insists balances the needs of today with the future wellbeing of the economy. Finance minister Michael McGrath said Budget 2024 was framed against a backdrop of “global uncertainty”.…
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