Category: Business

Korea’s auto exports fall 4.3% in August

SEOUL: The Republic of Korea’s car exports fell 4.3 percent on-year in August, data showed Thursday, although robust shipments of hybrid models limited the overall decline.

Yonhap News Agency quoted the Ministry of Trade, Industry and Energy as sayin…

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CBUAE lowers Base Rate by 50 basis points

ABU DHABI: The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 50 basis points, from 5.40 to 4.90 percent, effective from 19th September.

This decision was taken following the US …

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