The hryvnia, Ukraine’s national currency, has again strengthened higher than its psychological threshold: its quotations against the U.S. dollar on the interbank forex market by the end of trading on Friday, March 22, were UAH 26.88/26.91.
Since the beginning of March, the official hryvnia has weakened by 0.4% against the dollar.
The 21-member UAE team includes federal and local officials from the Federal Competitiveness and Statistics Authority, FCSA, Ministry of Finance, Securities and Commodities Authority, Dubai Competitiveness Office, Dubai Municipality, Dubai Courts, Dubai Electricity and Water Authority, Dubai Land Department and Dubai Trade.
The country is fast closing in to become one among the top 10 in the Ease of Doing Business ranking of 190 countries by the World Bank.
The report ranks economies on the basis of ease of doing business from 1 190.
China has agreed to provide a loan of $989 million to Sri Lanka to build an expressway that will connect the island nation’s tea-growing central region to a China-run seaport on the southern coast, the island’s finance ministry said Friday.
The loan comes as Sri Lanka struggles to repay $5.9 billion in foreign loans this year, of which 40 per cent must be paid by the end of this month.
Much of Sri Lanka’s foreign debt is from China, with loans obtained to build highways and other infrastructure projects, including some that have become white elephants, deepening the country’s debt burden.
New Delhi, Mar 22 () Markets regulator Sebi Friday barred Bhoruka Aluminium Ltd and its four senior officials from securities market for five years in a matter related to alleged manipulation in issuance of global depository receipts (GDR).
During the probe, Sebi observed that the entire 1.21 million GDR was subscribed by only one entity, Vintage FZE (now known as Alta Vista International FZE).
The subscription amount for GDR was paid by Vintage after obtaining loan from European American Investment Bank (EURAM).