International Finance

Tag : deputy


Sweden’s Riksbank contemplates digital currency

Could potentially develop a new payment system after seeing a substantial dip in the use of conventional currency IFM Correspondent November 22, 2016: Sweden’s central bank — Riksbank — is considering the option of using digital currency. This is mainly due to the fact there has been a drastic decrease in the use of notes...

Saudi announces Vision 2030 to transform its economy

The aim is to make a smooth transition away from dependency on oil revenue Suparna Goswami Bhattacharya May 13, 2016: With oil price continuing to show no signs of improvement, it is no secret that oil dependant nations have to think of alternatives to run their economy. The Kingdom of Saudi Arabia recently announced a...
Business Leaders

Saudi oil minister removed after 20 years in the job

He has been replaced by Khaled al-Falih, who heads Saudi Aramco IFM Correspondent May 12, 2016: After announcing reforms to overhaul the economy in April, Mohammed bin Salman, the deputy Crown Prince of Saudi Arabia announced a government shake-up. The Prince announced the removal of veteran oil minister Ali al-Naimi. He has been removed after 20...

Singapore draws up smart plans

The aim is to be a smart nation within 10 years Suparna Goswami Bhattacharya April 10, 2015: Steve Leonard, the executive deputy chairman of Infocomm Development Authority (IDA), Singapore’s technology development arm, is a busy man. After all, it cannot be any different when you have been bestowed the responsibility of making Singapore a smart...