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Bloomberg India’s strongest surplus in more than a decade is supporting a currency battered by the worst pandemic outbreak in Asia. The currency has advanced more than 2% in the third quarter, outperforming the Indonesian rupiah, its high-yielding counterpart that has sunk around 4%. The gains come even with an economy ravaged by 6.7 million infections. The support comes from ...

Bloomberg The Taiwan dollar extended its winning streak on Tuesday, a day after it closed at the strongest level since 2011 amid speculation the local central bank will continue to loosen its grip on the rallying currency. The advance builds on September’s 1.4% gain, one of the largest for major currencies versus the US dollar. While for months Taiwan’s central ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Monday received a telephone call from Prince Albert II of Monaco. During the call, His Highness Sheikh Mohamed and Prince Albert discussed ways of boosting bilateral ties and cooperation relations between the two ...

Bloomberg Business activity in the Arab world’s three largest economies returned to growth, with Egypt seeing its first expansion in 14 months. After a deterioration in August, the non-oil private sectors improved last month as companies adjusted to economic challenges of the global pandemic while governments eased restrictions put in place to stop the coronavirus. A measure of non-oil private ...

Dubai / WAM The Dubai Financial Market (DFM) and Nasdaq Dubai on Monday hosted a bell ringing ceremony with the participation of the Securities and Commodities Authority (SCA) on the occasion of World Investor Week 2020, an initiative of the International Organisation of Securities Commissions (IOSCO) aiming to promote investors awareness and protection of their rights. Senior officials present during ...

Abu Dhabi / WAM The Dubai Department of Finance (DoF) and Central Bank of the UAE (CBUAE) signed an MoU aimed at facilitating payment of fees owed by consumers of Dubai government entities and to ultimately advance the UAE’s digital transformation strategy for public services. Government entities in Dubai and their customers will now be able to access CBUAE’s direct ...

Bloomberg India’s delay in appointing a new central bank committee to decide interest rates is just the latest of Prime Minister Narendra Modi’s key economic reforms that are failing to gain traction during the nation’s worst crisis in decades. Three of his major policies — the goods and services tax, a bankruptcy and insolvency law and the Monetary Policy Committee ...

Abu Dhabi / WAM The UAE national carrier, Etihad Airways, launched its ‘Global Student’ offer to make it easier for students to travel between university and home or to discover new horizons and cultures. “Students who book before November 30, for travel by September 30, 2021, will save up to 10% on Economy tickets and 5% on Business class tickets”, ...

Abu Dhabi / WAM His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council and Chairman of the Abu Dhabi Executive Office, on Monday visited SeaWorld Abu Dhabi on Yas Island, of which construction is over 40% complete. In collaboration with SeaWorld Parks & Entertainment, this landmark project will bring the next generation ...

Abu Dhabi / WAM The UAE national carrier, Etihad Airways, has launched its ‘Global Student’ offer to make it easier for students to travel between university and home or to discover new horizons and cultures. “Students who book before 30th November, 2020, for travel by 30th September, 2021, will save up to 10% on Economy tickets and 5% on Business ...