Bloomberg The Bank of England secretly plugged a multi-million-pound hole in Britain’s finances during World War I, covering up the failure of one country’s apparent patriotic triumphs. In the early days of the war in 1914, the government sought to raise 350 million pounds—about 38 billion pounds today— through the issuance of a War Loans, with 250 million pounds of …

ABU DHABI / Emirates Business Abu Dhabi’s Department of Finance has announced that the ‘Al Maqta’a bidding hall’ processed tenders worth AED as much as 10,260,975,489 from ten different government entities in the Emirate of Abu Dhabi during the first half of 2017. The aim behind Al Maqta’a is to enhance transparency, competitiveness, and open-ness pertaining to tenders issued by …

ABU DHABI / WAM In yet another indicator of the growth in economic sentiments in the country, the number of ATM operated by banks in the UAE hit a total of 5219 by end of H1, an increase of 2% from 5118 in same period in 2016, according to UAE Central Bank statistics. The continual rise in ATMs in country …