India's foreign exchange reserves declined by $1.74 billion to $288.25 billion during the week ended May 25, the Reserve Bank of India said Friday. The decrease reflects $1.71 billion fall in foreign currency assets. Special Drawing Rights dropped by $18.6 billion to $4.38 billion. Reserve position with IMF was down by $12.1 billion, totaling $2.85 billion. Gold was valued at $26.61 billion for the week.
MARC assigns final ratings to TNB Northern Energy's MYR 2 bln Sukuk MARC has assigned a final rating of AAAIS to TNB Northern Energy Berhad's (TNB Northern Energy) issuance of Islamic securities (Sukuk) of up to MYR 2.0 billion with a stable outlook. Upon
International connectivity vital for growth of Islamic bankin industry Senior executive leaders from the Islamic banking and finance industry representing high-growth markets across Asia, the Middle East and beyond to gather in Singapore at the 4th Annual World Islamic
UAE leads GCC recovery with influx of capital from emerging markets The United Arab Emirates (UAE) is the key beneficiary of private capital flow into the Gulf Cooperation Council (GCC) region, according to the fourth annual Invesco Middle East Asset Management Study
SABIC contributes to national development The Saudi Basic Industries Corporation (SABIC) sponsored the Industrial Innovation Award which was presented to developers of new ideas for industrial projects at a ceremony held in Riyadh on May 18.
DUBAL and EMAL take centre-stage at 18th World Aluminium Conference The joint participation of Dubai Aluminium ("DUBAL") and Emirates Aluminium ("EMAL") - which together constitute the UAE's primary aluminium industry — at the Commodity Research Unit's 18th World Alu