DUBAI / WAM Fitch Ratings has reaffirmed Etihad Credit Insurance (ECI), the UAE’s Federal export credit company, with an ‘AA-’ (Very Strong) rating for Insurer Financial Strength (IFS) and Long-Term Issuer Default, both with stable outlooks. This rating reinforces ECI’s financial robustness, pivotal role in the UAE’s economic diversification, and its systemic importance in providing insurance to UAE-based businesses and ...

SHARJAH / WAM HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has issued Emiri Decree No (53) of 2023 concerning the Restructuring of the Board of Trustees of the American University of Sharjah (AUS). The decree stipulates that the AUS Board of Trustees will be chaired by Sheikha Bodour bint Sultan bin Mohammed ...

BLOOMBERG The Reserve Bank of India (RBI) asked lenders to set aside more cash, stepping up measures to drain liquidity in the financial system. Bank stocks fell. The central bank ordered lenders to set aside 10% of their incremental deposits garnered between May 19 and July 28, governor Shaktikanta Das said. The move will remove a little over one trillion ...