DUBAI / WAM Mohammed Ahmed Al Murr, Chairman of the Mohammed bin Rashid Al Maktoum Library Foundation, and Dr Mohammed Salem AlMazrooei, Board Member of the Foundation, welcomed Dr Ali bin Tamim, Chairman of the Abu Dhabi Arabic Language Centre (ALC), at the Mohammed Bin Rashid Library (MBRL). During their meeting, the two parties discussed ways to enhance cooperation in …

BLOOMBERG Zambia’s central bank raised the ratio of deposits that commercial lenders must hold in a bid to reverse a slide in the world’s worst-performing currency after Argentina’s peso.The Bank of Zambia will increase the statutory reserve ratio requirement for local- and foreign-currency deposits by 3 percentage points to 14.5% with effect from November 13, it said in a circular …

BLOOMBERG South Korea will prohibit stock short-selling until June 2024 to allow regulators to “actively” improve rules and systems, the Financial Services Commission said. Trading with borrowed shares, an essential component of short selling, will be banned for companies in the Kospi 200 Index and Kosdaq 150 Index from Monday until the end of June, the commission said. “Amidst market …