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Tree Top Hospital launches Women and Child Centre

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Tree Top Hospital has introduced its brand new Women and Child Centre.

In a press release, Tree Top Hospital announced their Obstetrics, Gynecology and Pediatrics departments services will be offered through the new Women and Child Centre located on the 3rd floor of the hospital building. Tree Top Hospital’s Obstetrics, Gynecology and Pediatrics services are well received and highly in demand by their patients.

Women and Child Centre has dedicated facilities for convenient and swift service. This includes brand new 13 Consultation Rooms, dedicated Vitals Room for OBGYN and Pediatrics, Baby Nursery, Breast Feeding Rooms, Baby Changing Room, Ultrasound Services, and Phototherapy Unit. Tree Top Hospital is aiming to expand its health services to include Intra Uterine Insemination (IUI) and In vitro fertilisation (IVF) in the future.

In a press release, Tree Top Hospital said their Women and Child Centre is committed to providing the highest quality of clinical care for their patients with their experienced and highly trained specialists who combine a wide variety of interests and expertise to offer the latest services.

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Diesel and Petrol prices hike again.

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Oil prices has once again hiked as State Trading Organization, the primary government owned SOE which imports oil raises prices for diesel and petrol.

According to the State Trading Organization (STO), oil prices has raised to its highest within the past 7 years. This comes just moths after they raised oil prices with Diesel and Petrol prices pegged at MVR11.84 and MVR 11.16 a liter respectively.

According to the newly amended prices, Diesel and Petrol would be sold at MVR 12.44 and MVR 12.06 a liter. However, this is considerably lower as the price of Diesel in the majority of the nations are above MVR 14.41 a liter.

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UK inflation hits almost three-decade high as living costs soar

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The cost of living in Britain is forecast to increase even higher in April owing to a tax hike and further planned increases to domestic energy bills, analysts say.

The annual rate of inflation in Britain has risen to a near 30-year high in December, stoking fears about a cost-of-living squeeze as wages fail to keep pace.

Inflation accelerated to 5.4 percent in the 12 months through December, up from November’s 5.1 percent, the Office for National Statistics said on Wednesday.

Last month’s annual figure is the highest since March 1992, when inflation stood at 7.1 percent.

“Food prices again grew strongly while increases in furniture and clothing also pushed up annual inflation,” said ONS chief economist Grant Fitzner.

The Bank of England (BoE), whose chief task is to keep inflation close to 2.0 percent, is now expected to raise rates again at its next meeting in February amid easing concerns over economic fallout from the Omicron coronavirus variant.

On Wednesday, the pound hit a near two-year peak versus the euro on increased expectations of another rate rise, while the European Central Bank has yet to follow the BoE in tightening monetary conditions.

READ MORE: Explained: Europe caught in highest inflation in nearly 30 years

Surging costs

Economies worldwide are battling decades-high inflation that is forcing central banks to lift interest rates, including the BoE which last month raised its key borrowing cost — to 0.25 percent from a record-low level of 0.1 percent — for the first time in more than three years .

The cost of living in Britain is forecast to soar even higher in April owing to a tax hike and further planned increases to domestic energy bills, according to analysts.

National insurance, paid by workers and employers, is being increased to help fund social care for the elderly. Analysts expect more painful tax increases to foot the vast bill for Covid.

In addition, electricity and gas prices are set to rocket higher when the UK government shortly lifts a cap on energy bills amid record-breaking wholesale costs.

“With consumer prices rising at their fastest rate for three decades and wage growth slowing, Britons are being squeezed ever harder by the cost of living,” said Jay Mawji, head of trading provider IX Prime.

Consumers and businesses are struggling with surging costs, ongoing pandemic turmoil and supply chain problems.

At the same time, real wages in November fell on the year for the first time since mid-2020, official data showed on Tuesday.

“More pain lies ahead in the form of tax rises in April and a likely 50-percent jump in energy bills,” said IX Prime’s Mawji.

READ MORE: US consumer prices hit four-decade high in December

Source: TRTWorld and agencies

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Turkiye, UAE central banks sign swap deal

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The agreement aims to enhance bilateral trade and to further strengthen financial cooperation between the two countries.

Central banks of the United Arab Emirates and Turkiye have inked bilateral currency swap agreement.

According to a statement by the Turkiye’s Central Bank on Wednesday, the nominal size of the deal is mutually 18 billion UAE dirham and 64 billion Turkish liras.

The agreement aims to enhance bilateral trade and to further strengthen financial cooperation between the two countries.

“It will stand for a period of three years, with the possibility of an extension through mutual agreement,” the statement noted.

This agreement demonstrates the two central banks’ commitment to deepen bilateral trade in local currencies in order to advance economic and financial relations between our countries, Sahap Kavcioglu, the Turkiye’s Central Bank governor, said after signing the deal.

READ MORE: A new dawn: Turkey and the Arab world choose cooperation over conflict

Enhancing bilateral cooperation

The chief of UAE Central Bank Khaled Mohamed Balama also said: “Signing this agreement with the Central Bank of the Republic of Turkiye reflects each nation’s desire to enhance bilateral cooperation in financial matters, particularly in the fields of trade and investments between the two countries.”

With this latest agreement, the Turkiye’s Central Bank’s total swap figure with foreign central banks reached $28 billion.

Turkiye and the UAE signed a total of 10 agreements on energy, environment, finance, and trade during a visit by Abu Dhabi’s Crown Prince Sheikh Mohammed bin Zayed Al Nahyan to Ankara last November.

The UAE has also allocated a $10 billion fund for direct investment in Turkiye, the Abu Dhabi Developmental Holding Company also announced.

As of November, the bilateral trade volume stood at $7.1 billion. Turkiye’s imports from the UAE totaled $2.2 billion, while its exports to the country stood at $4.9 billion.

READ MORE: Erdogan vows to fight inflation, higher interest rates

Source: TRT

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