World Gold Council reiterates that fundamentals for the metal remain strong despite record high prices
The Central Bank of the UAE has granted a licence to Russia’s MTS Bank, according to information on its website on Wednesday.
MTS Bank is registered in Abu Dhabi and received the licence last year, the information shows.
It is a fintech unit of Russia’s largest mobile operator Mobile TeleSystems. The Financial Times reported the approval from the central bank earlier on Wednesday.
Russians were the top non-resident buyers of residential property in Dubai in the third quarter, consultancy Betterhomes said in October, as they seek a safe haven from the Ukraine conflict.
The UAE, like Saudi Arabia, is a member of the Opec+ oil alliance that includes Russia and has maintained good ties with Moscow despite Western pressure to help isolate Russia over the invasion of Ukraine, which Moscow calls its “special military operation”.
World Gold Council reiterates that fundamentals for the metal remain strong despite record high prices
The world’s most populous nation expects 10 to 20 heatwave days
The South Asian nation is seeking a long-term bailout from the International Monetary Fund
Dubai in particular is seen as an increasingly attractive market
Almost every sector of the economy has been affected
On June 1, 2023, the emirate's flagship carrier unveiled a closed loop recycling initiative to transition to the principles of a circular economy
Frankfurt-based institution has left its key rates unchanged since October 2023
Grupo Financiero Galicia to buy the business for $550 million