MediaIn \ Agencies 10-12-2018 The Central Bank of Bahrain (CBB) said on Sunday it had launched a repurchase tool to help local banks manage their liquidity. The CBB said in a statement that the inter-bank repurchase instrument covers traditional government securities denominated in Bahraini dinar. He added that the move …
Read More »Gold settles near its peak in 5 months
Media In 10-12-2018 Gold prices have stabilized after touching a new five-month high early in the session as the dollar weakened after weak US jobs data boosted speculation that the Federal Reserve may stop raising interest rates sooner than expected. . The spot price of gold stood at $ 1247.99 …
Read More »SR 92 million to complete the infrastructure in the “housing Dawadmi” in Riyadh
Media In / Riyadh December 9 The “White Land Fees” program of the Saudi Ministry of Housing allocated SR92 million to complete the implementation and delivery of infrastructure services in the Dawadmi Housing Project in Riyadh, covering an area of 1,836,780 square meters, comprising 501 villas and 735 plots of …
Read More »1707 A tour of the outlets of the sale of wild travel supplies in Saudi Arabia
Media In / Riyadh December 9, The Saudi Ministry of Trade and Investment (1707) conducted an inspection tour of the markets and outlets of the sale of wild travel supplies during the last week in all regions of the Kingdom, resulting in the seizure of 1575 products and the violation …
Read More »Finance is preparing to launch a new integrated payment system through 2020
Media in – Dubai – 9 December 2018 / WAM / The Ministry of Finance reviewed the strategic development plan for the future transformation of the electronic dirham system during its first meeting with senior officials of the federal government and local authorities held at the Boulevard Hotel in Dubai …
Read More »Sultan Al Qasimi adopts Sharjah Budget for fiscal year 2019
Media-In-Sharjah – 9 December 2018 / WAM / His Highness Sheikh Dr. Sultan bin Mohammed Al Qassimi, Member of the Supreme Council and Ruler of Sharjah, today approved the general budget of the Emirate for the fiscal year 2019 with a total expenditure of about 25.7 billion dirhams, a growth …
Read More »The Global Conference on Institutional Excellence will kick off tomorrow in Abu Dhab
Media In-Abu Dhabi-9 December 2018 The International Conference on Institutional Excellence, organized by the Abu Dhabi Chamber of Commerce and Industry (ADCCI), will be held for the first time in the Middle East, Abu Dhabi, from December 10 to 12 at the Al Ittihad Towers Hotel in Abu Dhabi Corniche, …
Read More »National water ends in troubled projects in Taif at a cost of 212 million riyals
Media in / Taif December 9, 2018 The Saudi National Water Company has completed vital projects in Taif, Saudi Arabia, at a cost of more than SR 212 million, to improve the level of water and environmental services and to increase the damage on beneficiaries. These projects aim to develop …
Read More »Muscat Securities Market Index closes -0.02%
Media In \ Muscat The Muscat Securities Market index closed at 734547 points, down 0.99 points, or 0.02 percent, compared with the last trading session of 4548.72 points. The turnover stood at 271 thousand and 550 riyals at a low of 91.65 percent compared to the last session of a …
Read More »79.9% of the value of foreign assets with banks in the UAE in dollars
Media In Abu Dhabi – 9 December 2018 / WAM / The dollar accounted for 79.9% of the total foreign assets of banks operating in the UAE during the third quarter of 2018, while the euro was 9.3%, 1.4% for Saudi riyals and 1.2% for the Japanese yen. According to …
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