Economy
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Britain’s deficit hits 17-year low
Britain’s deficit improved last year to reach its lowest level for 17 years on bumper tax revenues and lingering state…
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UK losing £6.6bn pounds a quarter since Brexit referendum
The United Kingdom has lost £6.6 billion ($8.7 billion) in economic activity every quarter since it voted to leave the…
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Bitcoin ATM arrives in Dubai
A digital kiosk, or an ATM machine, has been installed to buy Bitcoins in Dubai, the first-of-its-kind project in the…
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Southeast Financial Services unveils Smart Remit app for Bangladeshi expats
Antony Peyton: London-based Southeast Financial Services (SFSL), a subsidiary of Bangladesh’s Southeast Bank, has launched its SmartRemit app for Bangladeshi…
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UAE, Saudi announce launch of common digital currency ‘Aber’
Central banks of the UAE and Saudi Arabia on Tuesday announced that a digital currency the two countries are currently…
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UAE to deposit $3 billion in Pakistan’s central bank
The United Arab Emirates plans to deposit $3 billion in Pakistan’s central bank “in the next few days”, the UAE…
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Qatar quits from OPEC
Qatar will withdraw from the Organization of Petroleum Exporting Countries (OPEC) as of January, the country’s energy minister announced on…
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‘Cryptocurrency can be used among Islamic countries’
A common cryptocurrency system should be formed for use among Islamic states, said Erol Yarar, chairman of the International Business…
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Oil market on alert as Iran sanctions hit
US sanctions against importers of Iranian oil threaten the crude oil market’s precarious balance and risk surging prices, all under…
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Turkey sets eyes on becoming Islamic finance centre
Turkey is aiming to become a centre for Islamic finance as it seeks to increase its influence in the Middle…
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Money-laundering watchdog to set first cryptocurrency rules by June
The global watchdog for money laundering will set up its first rules on oversight of cryptocurrencies by June, a major…
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HSBC report: Bangladesh to be the 26th largest economy
Bangladesh will likely to be the biggest mover in the global gross domestic product rankings in 2030, says a report…
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$60 Million of digital currency stolen in Japan
Bitcoin and other digital currency worth around 6.7 billion yen ($60 million) has been stolen in Japan following a hacking…
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Why the time’s right to invest in Pakistan property
Waheed Abbas: It’s the right time to invest in Pakistan’s property sector as prices have been increasing over the past…
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ECB holds interest rates unchanged
The European Central Bank (ECB) on Thursday decided to hold interest rates unchanged. Interest rates on the main refinancing operations,…
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