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UAE showcases global leadership on climate action at Marrakech

  Dubai / Emirates Business World leaders and official government delegations attending the recently concluded 22nd session of the Conference of Parties (COP) of the United Nations Framework Convention on Climate Change (UNFCCC) in Marrakech renewed their commitment to translating the outcomes of the Paris Climate Agreement into concrete steps and successful projects towards reducing the impact of global warming ...

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Indian central bank takes steps to curb rising bank liquidity

  Bloomberg The Reserve Bank of India told lenders to set aside more deposits as reserves to curtail surging banking system liquidity that risks stoking inflation. Banking system funds have surged after Prime Minister Narendra Modi banned 500 rupee ($7.30) and 1,000 rupee notes in a bid to curb graft and ordered people to deposit the money in banks. That ...

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Argentina banks zero in on tax evaders’ $7bn

  Bloomberg One of the biggest priorities for Argentina’s banks will be convincing tax evaders who accepted an amnesty deal and declared $7 billion of cash to keep their money in the country, said BBVA Banco Frances SA Chief Executive Officer Martin Zarich. Argentines can choose to either pay a 10 percent fine, or buy into government bonds and closed-end ...

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