RBI Drains $10 Billion from Banking System to Lift Short-Term Rates
Mumbai: The Reserve Bank of India (RBI) has withdrawn ₹849.75 billion ($10 billion) from the banking system through a 7-day variable rate reverse repo auction
June 27, 2025
Mumbai: The Reserve Bank of India (RBI) has withdrawn ₹849.75 billion ($10 billion) from the banking system through a 7-day variable rate reverse repo auction
Dubai: Hiring activity in the UAE remains steady, but companies are exercising increased caution as they enter the second half of 2025, with cost-control measures—especially
Pravasi writer Rajan V Kokkuri recently presented a copy of his forthcoming book “Born to Dream – Edition 2” to the Honourable Speaker of the
Abu Dhabi: In a landmark achievement for the UAE, a pioneering health research initiative has launched into space aboard Axiom Mission 4 (Ax-4), which took
Dubai: In a significant boost to personal finance accessibility, UAE residents can now instantly access their credit reports and scores through the DubaiNow app, thanks
Muscat: The Sultanate of Oman’s manufacturing sector attracted RO 2.489 billion in foreign direct investment (FDI) by the end of 2024, highlighting the country’s growing
Muscat: The Minister of Commerce and Industry, during a session with the Shura Council, highlighted the robust performance of Oman’s commerce sector. He stated that
Moscow: A new “Omani Publications Corner” has been officially inaugurated at the Chechen State Pedagogical University, symbolizing a significant step forward in cultural collaboration between
London: LuLu Retail Holdings PLC, the leading full-line retailer in the region, has received the prestigious “Best IPO in the Middle East” award from EMEA
Dubai: Dubai-based finance company Amlak is seeking shareholder approval to fully exit its real estate finance portfolio, a move that could mark a pivotal step
Dubai: UAE businesses that missed the corporate tax registration deadline now have just over 30 days to meet a crucial deadline and avoid a Dh10,000
Muscat : The Environment Authority (EA) has intensified its awareness campaigns in Muscat as the Sultanate prepares for the third phase of the nationwide ban
Dubai ∙ The UAE is expected to announce petrol and diesel prices for July 2025 in the coming days. For many residents, these monthly fuel
Doha: Iran has expressed regret over the attack on the American air base in Al Udeid, Qatar, according to the Qatari Prime Minister. Following the
Dubai: Emirates Airline, Dubai’s flagship carrier, announced on Tuesday that its regular flight operations have fully resumed, following brief and minimal disruptions caused by regional
Muscat : Oman Air announced on Tuesday that it has resumed normal operations across its network, following a brief period of flight disruptions. The airline
Muscat ∙ Oman is experiencing extreme summer heat, with temperatures reaching a scorching 48°C in Nizwa and Adam, according to official data. Close behind were
Muscat : Indian expatriates in Oman and across the Gulf may find the exchange rate less favourable today, as the Indian rupee strengthened in global
Dubai : Prominent Dubai-based master developer Azizi Group has announced the launch of a new business line focused on energy infrastructure, marking its entry into
Abu Dhabi : Wizz Air Abu Dhabi has announced the suspension of all flights to and from the UAE until June 30, citing regional airspace
Mumbai : Global crude oil prices saw a sharp decline following an announcement by U.S. President Donald Trump that Iran and Israel had agreed to