Bloomberg The Indian rupee and bonds sunk after the current-account deficit widened to the most in five years, as an emerging-market rout raises investor scrutiny of countries with worsening balance of payments. The rupee slid as much as 1.3 percent on Monday to a new low of 72.6738, leading losses among Asia’s emerging-market currencies. Sustained weakening has prompted authorities to ...

Dubai / Emirates Business Indian economy, which registered 8.2 percent growth in the first quarter of 2018-19 fiscal year – the highest in recent history – is expected to attract large-scale investment from the GCC to India, following the recent announcement of the development of a $44 billion oil refinery to be built by Abu Dhabi National Oil Company (Adnoc), ...

ABU DHABI / WAM Abu Dhabi Global Market (ADGM), on Monday launched its framework to regulate operators of Private Financing Platforms (PFPs), serving equity investment, debt financing and trade receivables funding needs of start-ups, private enterprises and SMEs. This follows the successful completion of a public consultation by Financial Services Regulatory Authority (FSRA), on August 16, to introduce a tailored, ...