For 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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Thailand expects to attract 2.9 million arrivals and billions of dollars in revenue from a Chinese tourism boom as a result of a new five-month holiday period visa exemption program, part of a bid to help strengthen the nation’s wobbly…
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Kenya’s cabinet on Tuesday ordered all ministries and state departments to cut 10% of their operational budgets for the 2023/24 (July-June) fiscal year, the presidency said. The East African nation is facing deepening economic challenges due to growing debt repayments,…
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FinTech companies and those investing in hiring “top talent” are dominating the list of the best start-ups in the UAE and Saudi Arabia this year, as revealed by professional network LinkedIn. Strong government support and a push towards innovation has…
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The China-backed Asian Infrastructure Investment Bank (AIIB) has set up its first overseas office at the Abu Dhabi Global Market (ADGM). A first of its kind outside the AIIB headquarters in China, the operational office will serve as a strategic…
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The dollar hit a 10-month high on Wednesday, pushing the euro to an almost nine-month low and keeping the yen in intervention territory, as investors bet that the United States economy will fair better with higher interest rates than competitors.…
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Salt Asset Management (SAM) is no longer permitted to render any financial services to any financial customers and on behalf of any financial product provider after the Financial Sector Conduct Authority (FSCA) withdrew its operating licence. The watchdog confirmed in…
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