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Global central banks use record amount of yuan via PBOC swaps

BLOOMBERG  Global central banks tapped a record amount of the Chinese currency in foreign-exchange swap lines in the first quarter, in another indication of the yuan’s growing international status. The outstanding balance of all foreign currency swaps was 109 billion yuan ($15.6 billion) at the end of March, according to data released by the People’s Bank of China (PBOC). That ...

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UAE, Vietnam discuss ways to strengthen bilateral ties

ABU DHABI / WAM Dr Bader Abdullah Al Matrooshi, UAE ambassador to Vietnam, met with General To Lam, Minister of Public Security of Vietnam. During the meeting, they discussed strengthening relations between the two countries in areas of common interest. Al Matrooshi stressed the depth of relations between the two countries and the keenness of the UAE leadership to reinforce ...

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Abdullah bin Zayed meets UK Secretary of State for Energy Security

LONDON / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met with Grant Shapps, Secretary of State for the Department for Energy Security and Net Zero of the UK. During the meeting, which took place as part of HH Sheikh Abdullah’s working visit to London, the two sides discussed the friendly relations and ...

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