BEIJING: China's central bank conducted 149.1 billion yuan (US$20.9 billion) of seven-day reverse repos at an interest rate of 1.7 percent Tuesday. Xinhua News Agency quoted a statement from the People's Bank of China as saying that the move aims to keep liquidity reasonable and ample in the banking system at the end of this month. A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future. Source: Emirates News Agency
Road Deaths Fall by 21% Globally: WHO Report Highlights Shift in Traffic Trends
July 21, 2026
Abu dhabi: Despite the addition of more than one billion motor vehicles to the world’s roads, the global rate of