Singapore’s central bank has imposed penalties on nine financial institutions, including Citibank, Julius Baer and UBS, on Friday totalling S$27.45 million ($21.5 million) in relation to the country’s …
MAS issues $27.45m in penalties to 9 financial institutions over $3b money laundering case
The Monetary Authority of Singapore (MAS) issued composition penalties amounting to $27.45 million to nine financial institutions (FIs) for anti-money laundering breaches connected to the $3 billion …
Finance Minister discusses vital development projects with World Bank delegation, meets EBRD delegation
NNA – Finance Minister, Yassine Jaber, on Friday received in his office at the ministry, the World Bank Regional Director Jean-Christophe Carret, accompanied by the …
Turkmenistan and ECO: unlocking new horizons in infrastructure and sustainable energy
As ECO Secretary General Asad Majid Khan stated in an interview with Trend , Turkmenistan plays a proactive role within ECO, particularly in advancing regional connectivity, sustainable energy, and …
Moody’s elevates Azerbaijan’s credit rating to investment grade
BAKU, Azerbaijan, July 4. Moody’s Ratings, an international rating agency, has upgraded the sovereign credit rating of Azerbaijan from Ba1 to Baa3 (investment grade), maintaining the rating outlook at …
Vietnam appoints new personnel for Vietnam – Laos cooperation committee
Minister of Finance Nguyen Van Thang serves as Chairman of the committee while Deputy Minister of Finance Tran Quoc Phuong as Vice Chairman.
Russian oil makes profit for Azerbaijan
Purchases of Russian oil allow Azerbaijan to increase oil exports. There is a growing shortage of raw materials for domestic consumption in the country, according to a study by the Institute for the …
Mohammed Bin Rashid Fund Unveils Innovation Hub In Dubai
The Mohammed Bin Rashid Innovation Fund (MBRIF), a UAE Ministry of Finance initiative that’s aimed at strengthening the national innovation ecosystem and operated by the Emirates Development Bank (EDB …
Azerbaijan’s Finance Ministry conducts another treasury deposit auction
The Azerbaijani Ministry of Finance has held a deposit auction to allocate 500 million manat ($294 million) from the Unified Treasury Account. The funds were placed for 29 days at a 7.25% average …
Jordan investor confidence index rises 6.2% in Q1 2025 – report
AMMAN — The Jordan Investor Confidence Index, published quarterly by the Jordan Strategy Forum, rose by 6.2 per cent in the first quarter of 2025, reaching 156.7 points, up from 147.6 points in Q4 …