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September 20, 2024

China’s central bank conducts $80.96 billion via reverse repos

BEIJING: China’s central bank conducted 571.9 billion yuan (about US$80.96 billion) of seven-day reverse repos at an interest rate of 1.7 percent Friday.

Xinhua News Agency quoted the People’s Bank of China as saying that the move aims to keep liquid…

China makes strides in energy development over 75 years

China has made remarkable strides in energy development over the past 75 years, quickening its green, low-carbon transformation and continuously improving its energy utilisation efficiency, a report from the National Bureau of Statistics showed on Th…

Germany’s Mercedes-Benz lowers forecast due to weakness in China

BERLIN: German high-end carmaker Mercedes-Benz on Thursday lowered its guidance for the 2024 financial year, citing a

deterioration of its business in China.

According to German news agency (dpa), the company now expects annual earnings before inter…

Nahyan bin Mubarak visits Mbank, reviews achievements, future plans

Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, visited Al Maryah Community Bank’s (Mbank) headquarters in Abu Dhabi on Thursday, where he was briefed on the bank’s products, services, achievements, future plans, and Emira…

UAE Shooting Team competes in 2024 Asian Shotgun Cup in Kazakhstan

The UAE Shooting Team is competing in the 2024 Asian Shotgun Cup, which kicks off today in Almaty, Kazakhstan, and runs until 30th September.

The UAE Shooting Federation stated that the team’s participation aims to assess the technical and performan…