BLOOMBERG India announced steps to deepen its foreign exchange market by allowing local residents trade currency derivatives contracts popular in the offshore market, according to the central bank. Local lenders with a so-called IFSC Banking Unit — basically having a unit in the International Financial Services Centre currently in Gift City in Gujarat — will be permitted to offer non-deliverable …

TIRANA / WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and Edi Rama, Prime Minister of the Republic of Albania, have emphasised on the privileged relations between the two nations, This came as the UAE top diplomat met with the Albanian Premier here where he conveyed the greetings of President His Highness Sheikh Mohamed …

ABU DHABI / WAM The World Trade Organisation (WTO) said that UAE’s trade in goods with the rest of the world hit $1.024 trillion in 2022 as the share of both exports and imports increased on the back of higher crude oil prices. Imports accounted for 22% of that amount while exports grew by 41%. According to the WTO’s Global …