DUBAI / WAM Emirates NBD and the Dubai International Financial Centre (DIFC) have signed a Letter of Intent, which will aim to drive the future of finance, innovation, talent and entrepreneurial growth in the region, thus contributing to Dubai’s GDP growth ambitions. The Letter of Intent was signed at the Dubai FinTech Summit 2023, by Arif Amiri, CEO of DIFC …

BLOOMBERG  The European Central Bank (ECB) needs to continue raising interest rates amid a “too high” underlying inflation rate, said Governing Council member Klaas Knot. The ECB will have to raise borrowing costs “as long as the underlying inflation hasn’t been tamped down,” Knot said in an interview on the Buitenhof TV show. “Our real problem at the moment is …

SHARJAH / WAM HH Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah and Chairman, honoured at the Cultural Palace in Sharjah, the winners of the second edition of the Sharjah Award for Public Finance (SAPF). The ceremony began with the playing of the United Arab Emirates’ national anthem and the reading of verses …