MUSCAT - The Central Bank of Oman (CBO) is closely monitoring the global and local financial conditions and will not hesitate to interfere if the need arises, its chief said. He also stressed ‘precautionary and conservative’ policy for the bank.
MUSCAT - The Central Bank of Oman (CBO) is closely monitoring the global and local financial conditions and will not hesitate to interfere if the need arises, its chief said. He also stressed ‘precautionary and conservative’ policy for the bank.
SHARJAH - Emiratisation in the Sharjah Economic Development Department (SEDD) has seen 87 per cent growth in 2008 as compared to 75 per cent in 2005, according to a top official.
SHARJAH - The UAE is to soon launch a unified trading licence registry to cover and identify all trading licences, and easily list new ones.
DUBAI - The Dubai Islamic Bank (DIB) on Saturday launched a loyalty programme for its Al Islami Credit Card members, which would allow them to earn unlimited Wala’a Dirhams on their card transactions.
DUBAI - The installation at the cost of Dh26 million of fences and gates around Dubai World Central (DWC), a multi-phase urban land development centred around the world’s largest airport, Al Maktoum International has been completed.
DUBAI - Al Fajer Properties (AFP) has announced orders worth Dh245 million ($66.8m) for aluminium and glass for Jumeirah Business Centre (JBC) towers projects.
ABU DHABI - Abu Dhabi National Islamic Finance (ADNIF), the Islamic banking division of National Bank of Abu Dhabi (NBAD), recently arranged a Dh334 million facility for SinoGulf Investments’ commercial tower project at Capital Centre.
DUBAI - Industries play a significant role in boosting the UAE economy and contribute to accelerating the pace towards a more diversified economy, said UAE Minister of Foreign Trade Shaikha Lubna Al Qasimi at the opening of ArabPlast and Tekno/Tube Arabia 2009 exhibitions.
DUBAI - Dubai government move to raise spending will create opportunities for both local and foreign investors and the economy to continue its expansion, comment experts after the announcement of Dubai budget 2009.
DUBAI - Top Kuwaiti investment bank Global Investment House said it defaulted on most of its $3 billion in debt obligations, raising concerns that other Arab Gulf financial firms may follow as the world financial crisis is spreading to the region.