The event was officiated by Amb Mahmoud Thabit Kombo, Tanzania’s Minister for Foreign Affairs and East African Cooperation, who represented President Samia Suluhu Hassan
By joining the DIFC ecosystem, one of the most advanced financial environments globally, CRDB Bank is positioned to offer enhanced connectivity for entrepreneurs across the region, potentially setting a precedent
The accolade was awarded under The Banker’s annual Bank of the Year Awards, one of the most respected benchmarking platforms in the global financial industry
Despite declines of Free On Board (FOB) reference prices in the Arab Gulf market, the increases in import premiums at some ports and a rise in the applicable exchange rate
Spot gold dropped more than 4 percent to about $4,355 per troy ounce in late afternoon trading on Monday, December 29, 2025, retreating from its recent peak of $4,565 reached
Discussions also covered the legal and regulatory framework, with participants underscoring the need for ongoing reforms to ensure laws and regulations remain responsive to economic, technological and market developments
What is already clear is that China is willing to use inventory flows as a pricing tool
Russia and China have led this accumulation drive across major emerging economies, as both nations continue to diversify their reserves away from the US dollar
“As supervisors of public entities and government minority-share companies, this award signifies that we lead by example—we follow guidelines and regulations in preparing financial statements,” Mr Mohamed said.
The Sukuk issuance raised Sh125.4 billion, equivalent to 418 percent of the targeted amount, alongside $32.3 million, or 646 percent of the set goal, an unprecedented level of subscription in