DUBAI / GULF TIME UAE rice brands, part of the Food and Beverage Manufacturing Group, have generously donated 50 tonnes of rice to the UAE Food Bank to support the Three Million Meals Initiative during the holy month of Ramadan. The initiative, under Mohammed Bin Rashid Al Maktoum Global Initiatives, aims to provide food to people in need within the …

BLOOMBERG  The European Central Bank (ECB) is set to deliver three quarter-point increases in interest rates in May, June and July before ending the most aggressive bout of monetary tightening in its history, economists polled by Bloomberg say. That would take the deposit rate to 3.75%, where it would stay through the rest of the year, according to the April …

BLOOMBERG  Societe Generale SA bankers who earned more than €1 million ($1.1 million) increased by almost a third in 2022, reflecting higher variable pay after volatility boosted performance. The number of SocGen staffers in the category jumped 30% to 144, according to a filing. At BNP Paribas SA, 369 bankers earned that much last year. Both banks are based in …