Sunday 20 April 2014

Qatar tightens caps on banks' securities investment

Qatar's central bank has tightened its curbs on how much banks can invest in stocks and bonds, according to a circular released by the central bank and seen by Reuters. Banks' total investment in equities and debt instrume


Savola backs children’s rehabilitation centre

The Savola Group signed an agreement with the Children’s Ability Programs (CAP) in Jeddah to support the rehabilitation for 10 children with disabilities at an average of 11-12 sessions for each child. The agreement comes as


Gulf oil well seal holding, BP plans final kill

BP said the cement seal on its crippled Gulf of Mexico oil well was holding on Friday, as the company readied a final push to permanently shut down the deepwater source of the world's worst offshore spill. More than 100 days after the star


Bapco team fights to cap leak at well

A Bapco emergency team and Civil Defence personnel managed to control a leak at well number 380 at Bapco's Bahrain Field. Bapco urged the public to keep away from the well site until the leak was fully capped. The leak occurred on


Lulu signs food price cap deal

The UAE Ministry of Economy on Sunday signed a Memoprandum of Understanding with Lulu Hypermarket Group to fix price of 32 basic commodities in a move,  aimed at stabilising food prices. Sultan bin Saeed Al Mansouri, UAE minister of


Saudi backs residency cap

Saudi Arabia's labour minister said Riyadh supported a residency limit on the millions of expatriate workers in the Gulf to prevent them from gaining a political voice in the region. According to a report in The Gulf Daily News, our siste

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