France private sector recovers on services activity

PARIS: France’s private sector expanded in August for the first time since April, driven by the upturn in services activity, flash survey results from SandP Global showed on Thursday.

The composite output index rose to 52.7 in August from 49.1 in Jul…

CBUAE revokes licence of Muthoot Exchange

ABU DHABI: The Central Bank of the UAE (CBUAE) has revoked the licence of Muthoot Exchange, an exchange house operating in the UAE, and struck its name off the Register, pursuant to Article 137 (1) of the Decretal Federal Law No. (14) of 2018 regardin…