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Just as leaders of the world's richest nations sit down to a three-day summit on Germany's Baltic coast this week, the ECB is widely expected to raise its key interest rates to their highest levels in five and a half years, analysts said.
The European Central Bank was meeting here on Wednesday on its key interest rates which were widely expected to rise for the eighth time in 18 months, just as a three-day G8 summit began.
The European Central Bank raised its key rate by a quarter point to 4.0 percent on Wednesday to block inflation risks from eurozone growth expected to outpace the United States and Japan this year.
Western Union has announced a strategic relationship with Qatar based National Exchange to provide Western Union Money Transfer branded services to its valued customers in Qatar.
A senior UK anti-money laundering (AML) expert now based at Dubai International Financial Centre (DIFC) has voiced his concerns over firms in the region operating without adequate protection against money laundering and stressed many may still not be meeting regulatory requirements.
The Bank of Japan decided by unanimous vote Friday to leave its benchmark interest rate unchanged at 0.5 percent, where it has been since February, the central bank announced.
The Bank of Japan left its ultra-low interest rates unchanged at 0.5 percent Friday amid weak inflation and uncertainty about the outlook for the US economy, driving the yen down to fresh lows.
New Zealand's central bank intervened in the foreign exchange market Monday in an attempt to bring down the value of the local currency from near two-decade highs, market sources said.
Lucky visitors will find 3,000 dirhams in Card-Cash on the smart chip when they use the Vice Versa card during the shopping and entertainment festival
cashU prepaid cards, which are available in over 20 countries in the Middle East can now be used to top up WebMoney accounts.
A common way to think about interest rates is how much it's going to cost to borrow money, whether for our mortgages or how much we'll earn on our bond and money market investments.