Bloomberg China’s central bank will increase the supply of cheap funding to banks by cutting the amount of cash they need to hold as reserves, a move aimed at putting a floor under economic growth in 2020. The required reserve ratio for commercial lenders will be lowered by 50 basis points from January 6, unleashing about 800 billion yuan ($115 ...

DUBAI / WAM The Dubai’s Roads and Transport Authority (RTA), announced that number of riders of mass transportation during New Year’s celebration reached 2,126,417, showing an increase of 3.6 percent of the total number of commuters for the same period last year. 907,411 riders used Dubai metro in its Red and Green lines, while the tram transported 37,150 riders. The ...

Dubai / Emirates Business More than half (55%) of parents don’t know the legal requirements for child seat belt use in the UAE, according to new survey. Whilst 91 percent of parents said they require children to wear a seatbelt in the car, the research, conducted by Infiniti Middle East, showed conflicting opinions on the age when the safety practice ...