DUBAI / WAM  His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has issued Decree No (22) of 2023 on the Board of Directors of the Dubai Real Estate Corporation. As per the Decree, the Corporation’s Board is chaired by HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, with ...

BLOOMBERG  Standard Chartered Plc agreed to sell its Zimbabwe business to the country’s FBC Holdings Ltd as it presses ahead with plans to exit seven markets in Africa and the Middle East. The emerging markets-focussed bank will transfer 100% of its shareholding in the unit, including the custodial services business, to FBCH, as the investment holding company is known. FBCH ...

BLOOMBERG  China’s four big state lenders have effectively cut dollar deposit rates, according to people familiar with the matter, at a time when strong demand for the US currency in the banking system helped push the yuan to a six-month low. The banks have lowered the ceiling on the rates — which are a spread over the US Secured Overnight ...