Frankfurt to become Eurozone centre for yuan trading
the yuan in the Euro-Zone
Frankfurt - SPA
China is moving to boost the international strength of its currency by announcing on Monday plans to turn Frankfurt into the eurozone centre for trading in the yuan, dpa reported.
Transactions in yuan in a newly established clearing house operated by the Bank of China will begin on November 17, the director of the Frankfurt branch of the bank Bernd Most told dpa in Beijing.
"We now have direct access to China," Most said.
Tarek Al-Wazir, who is the Economics Minister for Hesse - the state where Frankfurt is located - said trading in the yuan would represent a boost to the local economy as well as opening up new investment chances for small to medium-sized businesses.
- Monday ,15 January GMT 17:44 2018 EU to remove Panama, Korea, UAE, 5 others from tax haven blacklist
GMT 15:13 2018 Saturday ,20 January
US 'erred' in supporting WTO membership for China, RussiaGMT 17:22 2018 Thursday ,18 January
US industrial output in 2017 posts biggest gain since 2010GMT 17:12 2018 Thursday ,18 January
No more bonuses for Carillion bosses after UK collapseGMT 17:20 2018 Wednesday ,17 January
EU to remove Panama, South Korea from tax haven blacklistGMT 17:16 2018 Wednesday ,17 January
Citigroup reports steep Q4 losses tied to US tax reformGMT 17:11 2018 Wednesday ,17 January
Pressure rises on British govt over Carillion collapseGMT 17:52 2018 Monday ,15 January
Iran jetliner deal could take longer to complete, Airbus saysGMT 17:44 2018 Monday ,15 January
EU to remove Panama, Korea, UAE, 5 others from tax haven blacklist
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 10:20 2016 Wednesday ,23 March
cartoon ten
GMT 10:18 2016 Wednesday ,23 March
cartoon seven
GMT 09:56 2016 Wednesday ,23 March
cartoon one
GMT 10:22 2016 Wednesday ,23 March
cartoon thirteen
GMT 10:17 2016 Wednesday ,23 March
cartoon six
GMT 10:19 2016 Wednesday ,23 March
cartoon nine
GMT 10:24 2016 Wednesday ,23 March
cartoon fifteen
GMT 09:58 2016 Wednesday ,23 March
cartoon three
GMT 10:22 2016 Wednesday ,23 March
cartoon twelve
GMT 10:21 2016 Wednesday ,23 March
cartoon eleven
GMT 10:16 2016 Wednesday ,23 March
cartoon five
GMT 10:23 2016 Wednesday ,23 March
cartoon fourteen
GMT 10:18 2016 Wednesday ,23 March
cartoon eight
GMT 09:58 2016 Wednesday ,23 March
cartoon four
GMT 13:18 2017 Friday ,17 November
Ragheb Allama will participate in concert in London
GMT 02:20 2017 Tuesday ,03 January
Prosecutor General imposes gag order on investigations of bribery case
GMT 14:43 2017 Friday ,07 July
Grounds for concerns? Wimbledon dismiss court fears
GMT 09:18 2017 Thursday ,28 September
Thai junta chief says fugitive ex-PM Yingluck in Dubai
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor