Saturday 21 September 2019
 
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National Bank of Oman closes $300m term loan facility

National Bank of Oman (NBO) has successfully closed its debut $300 million syndicated term loan facility signed on August 29. The proceeds of the facility will be used for general corporate purposes. Bank ABC and Emirates NBD Capital Limited acted as the Joint Coordinators, Initi

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Dubai ranked among world's top 10 financial hubs

Dubai has risen up the ranks of the Global Financial Centres Index (GFCI) to number eight position, representing its highest ever ranking for its role in developing the regional economy and new pathways to boost the fintech sector. The city is the only financial centre within MEA

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Accenture leads Refinitiv’s global D&I Index

Accenture, a leading global professional services company, has been ranked the No. 1 company on Refinitiv’s Diversity & Inclusion Index, which identifies the 100 publicly traded companies with the most diverse and inclusive workplaces. This is Accenture’s second c

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RuPay launches cashback offer in UAE

RuPay, a flagship product of the National Payments Corporation of India (NPCI) has launched a 40 per cent cashback offer up to INR4,000 ($56) at merchant shops starting today (September 19) for its international cardholders. The offer is valid till March 31, 2020.

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UAE cbank cuts interest rates by 25 basis points

The Central Bank of the UAE (CBUAE) announced that effective September 19, 2019, it will lower interest rates applied to the issuance of its Certificates of Deposits by 25 basis points. This is in line with the decrease in interest rates on US Dollar, following the Federal Reserv

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Saudi Arabia 'committed to global economic prosperity'

Saudi Arabia is committed to working with other nations towards achieving global economic prosperity and the G20 Presidency will consolidate the kingdom's international standing and affirm its leadership in supporting the stability of the global economy,” said Minister of Finance Moha

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Attacks had zero impact on Saudi revenue, says minister

The recent attacks on Saudi Aramco's oil facilities that slashed half of the kingdom’s oil output had 'zero' impact on the country's revenue and won’t affect its economic growth, declared Saudi Arabia’s Finance Minister Mohammed Al Jadaan. "

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Investcorp expands international advisory board

Bahrain-based Investcorp, a leader in alternative investment, has announced the appointment of Frances Fragos Townsend, executive vice president for Worldwide Government, Legal and Business Affairs at MacAndrews and Forbes to the firm’s International Advisory Board, as of August 1

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Dubai sets up consumer awareness platform at airport

The Commercial Compliance and Consumer Protection (CCCP) sector in Dubai Economy has set up an awareness platform at the Dubai International Airport, as part of enhancing confidence among visitors on shopping in Dubai and the UAE. The platform will be located at the arrival area

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iGA, Benefit launch ‘Credit Report’ eService on Bahrain.bh

The Bahrain Credit Reference Bureau, operated by The Benefit Company, has launched a Credit Report e-service, in collaboration with the Information & eGovernment Authority (iGA) and the Central Bank of Bahrain (CBB). The service is available on the National Portal (Bahrain.bh

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