SHARM EL SHEIK / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and the COP28 President-Designate, called for a major boost to public and private finance to allow the African continent to battle climate change. In an address on Tuesday to the African Development Bank Annual Meeting, he said, “Africa has huge potential for low-carbon …

ABU DHABI / WAM The UAE Ministry of Finance has announced three new ministerial decisions for the purposes of Federal Decree-Law No 47 of 2022 on the Taxation of Corporations and Businesses. These include Ministerial Decision No 114 of 2023 on the Accounting Standards and Methods; Ministerial Decision No 115 of 2023 on Pensions and Social Security Funds; and Ministerial …

BLOOMBERG  India’s shorter-maturity bonds rallied and money market rates eased on bets that a withdrawal of the nation’s highest value currency note would leave banks with surplus cash to invest. As much as 1 trillion rupees ($12.1 billion) may be added to India’s financial system as authorities remove 2,000 rupee notes from circulation, according to QuantEco Research and Kotak Mahindra …