Sunday 19 April 2015
 
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Eskan Bank interest on loan allegations dismissed

Allegations that the Eskan (Housing) Bank was charging interest on loans have been denied by Bahrain’s Housing Minister Bassem Al Hamer. Parliament second vice-chairman MP Abdulhaleem Murad had claimed the bank was charging

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Egypt's cbank keeps benchmark interest rates unchanged

Egypt's central bank kept its benchmark interest rates unchanged on Thursday (February 26) as it balances the needs to manage high inflation with encouraging economic growth, the bank said in a statement. The bank's moneta

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Gold edges up on dollar but heads for 3rd weekly drop

Gold inched up on Friday as the dollar softened, but was heading for a third week of losses on expectations of higher US interest rates and hopes of a deal between Greece and its creditors. Spot gold rose 0.2 per cent to $1,224.50

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Cybercrime law in Bahrain to curb violations

The new law on cybercrime, approved by Bahrain’s King Hamad and enacted recently, seeks to reduce crimes by establishing penalties to protect public interest. Under the law, illegal access to an IT system or part of it carri

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47 Singapore food brands at Gulfood

As many as 47 Singapore food and beverage brands, that are showcasing their products at the ongoing Gulfood 2015 in Dubai, UAE, have reported strong business interest from distributors, retailers and the Horeca industry for their mix of authenti

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47 Singapore food brands at Gulfood

As many as 47 Singapore food and beverage brands, that are showcasing their products at the ongoing Gulfood 2015 in Dubai, UAE, have reported strong business interest from distributors, retailers and the Horeca industry for their mix of authenti

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Banks slash interest rate on Emaar's $500m loan

Dubai's Emaar Properties has agreed with banks to slash the interest rate on a $500 million syndicated loan, the developer said, in the latest example of a local company winning a cut in funding costs from cash-flush bank lenders.

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Banks slash interest rate on Emaar's $500m loan

Dubai's Emaar Properties has agreed with banks to slash the interest rate on a $500 million syndicated loan, the developer said, in the latest example of a local company winning a cut in funding costs from cash-flush bank lenders.

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Oil rises to $81 on China rate cut, possible Opec move

Brent crude oil rose to near $81 a barrel on Friday after China cut interest rates and on speculation that Opec could agree next week to reduce oil production. China's central bank cut its benchmark interest rates for the firs

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Russia state fund sees ME demand despite sanctions

The Russian Direct Investment Fund (RDIF) is still attracting significant interest from investors in the Middle East and Asia despite sanctions putting off investment from the West, its chief executive said on Thursday. Many Weste

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