Pakistan has returned the total USD 3.45 billion it owed in debt to the United Arab Emirates, the country’s central bank said Friday. Pakistan clears debt to UAE. (Representative) The State Bank of Pakistan (SBP) in a social media post confirmed the repayment and said that the transaction was completed on Thursday. “State Bank of…
The United Arab Emirates has opened talks with the United States about obtaining a financial backstop in case the Iran war plunges the oil-rich Persian Gulf state into a deeper crisis, US officials told the Wall Street Journal on Sunday. UAE Central Bank Governor Khaled Mohamed Balama raised the idea of a currency-swap line with…
NEW YORK (AP) — Charlie Javice, the founder of a startup company that sought to dramatically improve how students apply for financial aid, was sentenced Monday to more than seven years in prison for cheating JPMorgan Chase out of $175 million by greatly exaggerating how many students it served. Javice, 33, was sentenced in Manhattan…