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Mohamed discusses bilateral ties, humanitarian causes with Pope

Vatican City / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Thursday discussed with His Holiness Pope Francis, Pope of the Catholic Church, ways to strengthen bilateral relations and develop them in the service of humanitarian causes that promote peace and coexistence between different ...

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Bank of England keeps interest rate unchanged

  AP The Bank of England kept its main interest rate unchanged at a record low of 0.25 percent on Thursday after a run of better-than-anticipated news in the wake of the country’s decision in June to leave the European Union. The unanimous decision was widely anticipated after last month’s series of post-Brexit measures by the bank’s policymaking body that ...

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Interest rate caps boon for big Kenyan banks

  Bloomberg A decision to cap Kenyan interest rates may favor the biggest banks as small lenders will struggle to raise cheap deposits to fund lending, according to Equity Group Holdings Ltd. Chief Executive Officer James Mwangi. At least 30 of Kenya’s 42 lenders may have difficulty paying the minimum for deposits as demanded by a new law on interest ...

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