The central government employees are eagerly awaiting the implementation of the 8th Pay Commission recommendations, which are expected to bring a significant salary hike. Before the official announcement, various estimates are being made about the possible increase, with the fitment factor playing a crucial role in the calculations. Looking at past trends, the 6th Pay […]
SAMA’s new fees guide reduces banking, Mada card, financing, check, transfer, and document fees nationwide/Image: X Saudi Arabia has taken a major step to make banking more affordable and transparent. The Saudi Central Bank, known as SAMA, has unveiled a comprehensive new fees guide for financial institutions. The updated framework slashes customer fees, caps charges […]
Central Bank rate cut brings relief for UAE borrowers / Image: File The Central Bank of the UAE lowered its base rate for the Overnight Deposit Facility (ODF) by 0.25 percentage points, from 3.90% to 3.65%, following a similar move by the US Federal Reserve. The cut takes effect immediately and is described by the […]
UAE clarifies Nafis rules affecting bank loan eligibility / Image: @centralbankuae The Central Bank of the UAE has formally clarified that Nafis payments and incentives are time-limited, conditional and cannot be relied upon as guaranteed income when assessing loan eligibility, though banks may consider them on a strict case-by-case basis under clear rules. UAE: Nafis […]
The Central Bank of Oman unveiled a new Omani Rial symbol, boosting global recognition and credibility/Image: X The Central Bank of Oman (CBO) has unveiled an official symbol for the Omani Rial, a move that strengthens the currency’s identity and signals Oman’s growing stature in global finance. The symbol is designed to unify the representation […]
UAE President Sheikh Mohamed bin Zayed appointed four experienced leaders as Assistant Governors at CBUAE/Image: CBUAE In a significant move aimed at strengthening the leadership of the UAE’s financial sector, President His Highness Sheikh Mohamed bin Zayed Al Nahyan has issued a federal decree appointing four new Assistant Governors at the Central Bank of the […]
London, November 4 (Udaipur Kiran) — England spinner Jack Leach has signed a new contract with his county side Somerset after confirming that the England and Wales Cricket Board (ECB) has released him from its central contract list. Leach, who has represented England in 39 Test matches, last played international cricket during the tour of […]
The UAE Central Bank has cut interest rates twice in two months, bringing the base rate down to 3.90%, the lowest since 2022/ Image: File The Central Bank of the UAE (CBUAE) has reduced the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.15% to 3.90%, effective Thursday, October […]
Syria’s new banknotes remove all imagery to promote political neutrality, simplify authentication, and reflect a modern, stable national identity/ Representative Image Syria is set to introduce a new series of banknotes that will feature no images, portraits, or national symbols. The redesign is part of a broader effort by the Central Bank to improve visual […]
The US Senate has confirmed Indian-origin academic S Paul Kapur as Assistant Secretary of State for South and Central Asian Affairs, replacing Donald Lu. His confirmation came through a vote on October 7, despite the ongoing government shutdown.The White House confirmed the appointment in a post on X, stating, “Paul Kapur, of California, as Assistant […]
