Finance
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Arab Monetary Fund’s Buna System joined by ADCB
Abu Dhabi Commercial Bank (ADCB) has joined the Arab Monetary Fund’s (AMF) Buna system to give its clients an expanded…
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Credit Suisse announces change in Senior Management of Swiss private banking
Credit Suisse announced today that Roger Suter, presently Regional Head Central Switzerland, would succeed Serge Fehr as Head of Private…
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Russia might default interest payments of $100 million as deadline expires
After a grace period on two international bond payments expired on Sunday night, Russia may be facing its first big…
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CyberSecurity – A Threat to the Digital Acceleration in the Middle East
Cybersecurity attacks are a persistent issue, particularly for Middle Eastern businesses and organizations. These threats can halt operations, damage a…
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Russia’s Ruble at a 7-year high against US Dollar, Growth Continues
The ruble reaffirmed its unusual standing as the world’s best-performing currency this week, surging to multi-year highs. The ruble has…
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Cosmetics conglomerate Revlon Inc declares bankruptcy in the US
Revlon Inc declared Chapter 11 bankruptcy after being unable to handle its massive debt burden in the face of a…
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Central Bank of UAE raises interest rates following the Fed’s increase
Following the US Federal Reserve’s largest interest rate rise since 1994, the Central Bank of the UAE (CBUAE) has decided…
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Tense negotiations at WTO ministerial conference, India remains defiant
World Trade Organization members faced a tense last day of discussions, with little guarantee of reaching an agreement on any…
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Abu Dhabi’s ADEX partners with Capital Bank of Jordan to boost national exports
The Abu Dhabi Exports Office (ADEX), the export-financing arm of the Abu Dhabi Fund for Development (ADFD), has signed an…
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Russia’s coffers hold steady after 100 days of war, earnings reported as EUR 93 billion
Russia, the world’s largest supplier of fossil fuel, has generated more than EUR 93 billion in income from exports in…
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