China to launch yuan's direct trading with Saudi riyal, UAE dirham
Chinese yuan.
Beijing - XINHUA
China announced on Friday it will launch direct trading of its currency yuan with the riyal of Saudi Arabia and the dirham of the United Arab Emirates, on its inter-bank foreign exchange market Monday.
The move will bring the number of foreign currencies that are allowed direct trading with the yuan to 16, according to the China Foreign Exchange Trade System (CFETS).
The CFETS currently announces every business day the central parity rates of the yuan against major currencies including the U.S. dollar, Euro and Japanese yen.
The direct trading will help lower exchange costs and facilitate bilateral trade and investment, the CFETS said.
To promote the global use of the yuan and open up financial markets, China has stepped up the signing of direct trading agreements with several currencies.
Source : XINHUA
- Wednesday ,03 January GMT 13:33 2018 Turkey inflation rate eases but still stubbornly high in December
GMT 17:19 2018 Thursday ,11 January
China factory gate inflation slows to 13-month lowGMT 17:50 2018 Wednesday ,10 January
German industrial output rebounds in NovemberGMT 17:39 2018 Wednesday ,10 January
Samsung tips record Q4 operating profit of more than $14 bnGMT 17:29 2018 Tuesday ,09 January
German industrial orders dip in NovemberGMT 15:36 2018 Thursday ,04 January
China factory activity accelerated in December: CaixinGMT 13:33 2018 Wednesday ,03 January
Turkey inflation rate eases but still stubbornly high in DecemberGMT 16:27 2018 Monday ,01 January
China manufacturing activity slows in DecemberGMT 17:36 2017 Sunday ,31 December
Spain to leave EU's deficit 'sin bin' next year: Rajoy
Argentine peso starts to recover after two days of crashes
Buenos Aires - AFP
Argentina's peso began to recover on Friday as markets opened, making a tiny 0.68 percent gain after losing 20 percent of its value against the dollar over the previous twoTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Al Maghrib Today
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onVAR in Champions League only from 2019-20 season
Moscow - AFP
UEFA are set to wait until next season before introducing Video Assistant Referees (VAR) in the Champions League, although they are still not ruling out having it in this season's final, president Aleksander Ceferin said on Friday. Ceferin has soFor $11.6 bn
Sanofi buys US haemophilia treatment firm
Paris - Al Maghrib Today
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances itsParis show pays homage
To 'eternal style' of late Alaia
Paris - Al Maghrib Today
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opened Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led hisGMT 09:22 2018 Monday ,22 January
Skincare PR Performance Full Year 2017GMT 11:03 2018 Wednesday ,24 January
New hunt for flight MH370 gets under wayGMT 10:57 2017 Thursday ,21 December
Modern colorful bedroom renovationGMT 13:56 2018 Tuesday ,23 January
Puigdemont candidate for Catalan presidentGMT 10:47 2018 Wednesday ,24 January
Turkey detains dozens more
GMT 23:03 2017 Friday ,28 April
Four Gaza hospitals shut down as fuel crisis deepens – immediate and long-term solutions needed
GMT 11:49 2016 Saturday ,17 December
Reus off as Dortmund hold Hoffenheim
GMT 15:52 2018 Sunday ,07 January
Aguero lifts City in FA Cup, Hughes' Stoke crashGMT 09:10 2012 Tuesday ,03 January
Opposition paper shut down again in SudanGMT 22:12 2011 Tuesday ,18 October
Moody\'s warns France\'s credit at riskGMT 06:10 2012 Monday ,03 September
Ancient supervolcano in Hong Kong surveyed
GMT 13:40 2017 Monday ,10 April
Drums festival press conference cancelled due to churches’ bombingsGMT 14:20 2012 Wednesday ,07 March
In \'Pemberley,\' James picks up where Austen left off
GMT 23:12 2016 Wednesday ,22 June
In Cairo, heat and long days test Ramadan faithfulGMT 20:33 2012 Saturday ,22 September
Al Jaish beat Lekhwiya in Qatar Stars League
GMT 09:36 2016 Wednesday ,11 May
E.ON: Gazprom deal propped up profits in first quarterGMT 05:17 2012 Tuesday ,19 June
Al Shaqab lift Bin Ghalib Trophy
GMT 21:14 2017 Wednesday ,25 January
Aoun confirms relation with KSA, Qatar back to normal
GMT 07:53 2017 Wednesday ,29 March
Coalition 'probably' had role in civilian casualties in MosulGMT 22:29 2013 Tuesday ,02 April
US stocks post gains
GMT 18:28 2016 Sunday ,07 August
Funeral of Egyptian Nobel laureate Zewail kicks off at Field Marsal Tantawi mosque
GMT 20:47 2016 Friday ,15 July
Saudi Arabia condemns suicide act in Nice
GMT 22:12 2017 Wednesday ,01 February
El Hadary takes Egypt into Cup of Nations final
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor