CBUAE Raises the Base Rate at 25 Basis Points
The Central Bank of the UAE (CBUAE) has decided to raise the Base Rate applicable to the Overnight Deposit Facility…
CBUAE Launches the Central Bank Digital Currency Strategy “The Digital Dirham”
The Central Bank of UAE (CBUAE) jointly held a signing ceremony with G42 Cloud and R3 to mark the commencement…
Saudi Central Bank’s Decision on Repo and Reverse Repo Rate
The Saudi Central Bank has decided to raise the rate of Repurchase Agreement (Repo) by 25 basis points to 5.50…
14th Compliance and Anti-Money Laundering Seminar Kicks Off
Under the patronage of H.E. Mr Ayman Alsayari, Governor of the Saudi Central Bank (SAMA) and Chairman of the Anti-Money…
Banking Turmoil Has Potential to Trigger Financial Crisis
Australia and New Zealand Banking Group’s CEO said on March 27, 2023 that the latest turmoil in the global banking…
Huawei Makes Breakthrough in EDA Design Tools for 14nm Chips
Huawei has developed electronic design automation (EDA) tools for chips produced at and above 14-nanometer (nm) technology with domestic partners,…
US FDIC Tells Signature Bank’s Crypto Clients to Close Accounts by April 5, 2023
The US Federal Deposit Insurance Corp (FDIC) has informed collapsed lender Signature Bank’s crypto clients that they have until April…
China’s Alibaba to Break Up Empire into Six Units as Jack Ma Returns Home
Alibaba Group is planning to split into six units and explore fundraisings or listings for most of them, it said…
Bank of America’s Financial Planning App Draws $55 billion over Two-Plus Years
Bank of America Corp’s digital personal finance tool, Life Plan, has attracted more than $55 billion in new money since…
Chinese, Pakistani Scientists Join Hands to Combat Citrus Diseases, Insect and Pests
Chinese and Pakistani scientists are collaborating to develop biological control measures to enhance the quality and quantity of citrus fruits…