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Jordan raises overnight rate to bolster dinarJordan raised its overnight rate on dinar deposits on Monday by 75 basis points to 4 percent to bolster the currency at a time of regional uncertainty and domestic unrest. It was the third time More… |
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Spain borrowing costs soar as EU ponders aidSpain's medium-term borrowing costs spiralled to a euro-era record at an auction on Thursday, hours before an independent audit was due to reveal how big a capital hole in Spanish banks needs to be filled by a euro zone bailout. Euro zone More… |
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Thomson Reuters boosts IIBR membersThomson Reuters has added leading Islamic scholars and bankers to the supervisory bodies of the Islamic Interbank Benchmark Rate (IIBR), expanding geographic and community representation on IIBR Shariah panel and Islamic benchmark commit More… |
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Seven Tides project sees high occupancy ratesSeven Tides, the Dubai real estate developer and hospitality consultancy, has reported 99 per cent occupancy at its flagship Ibn Battuta Gate apartment building which boasts of stylish 156 one- and two-bedroom apartments. The Ibn Battuta G More… |
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Du unveils special GCC roaming ratesDu, the integrated telecom service provider in the UAE, said it has launched special mobile roaming rates for the GCC region starting at 90 fils per minute. Explaining the powerful proposition for du customers roaming in the GCC, Fari More… |
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Gold edges down as investors fret over EuropeGold inched lower on Thursday, along with equities, as concerns set in about whether European leaders would be able to come up with a concrete plan to contain the region's crippling debt crisis at a crucial summit on Friday. & More… |
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Bahrain plans new gas rates for firmsNew gas rates could be introduced for government and private companies as well as industries if MPs have their way. Parliament yesterday voted in favour of a proposal by chairman Khalifa Al Dhahrani that aims to ensure that subsidised gas More… |
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Gold hits record high after ECB rate hikeGold hit a fresh record high near $1,465 an ounce on Thursday after European Central Bank president Jean-Claude Trichet indicated the rate hike announced by the bank earlier may not be the first in a series. Spot gold hit a record $1,464.8 More… |
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Saudi cbank sees inflation easing in Q4Saudi Arabia's high rate of inflation may ease further in the final quarter of 2010, the central bank of the world's top oil exporting nation said on Monday. Inflation in the biggest Arab economy has shot up beyond analysts' expectations t More… |
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Jordan c.bank to cut interest rateJordan's Central Bank said it will cut its benchmark interest rates on Sunday by 50 basis points as inflation ebbs and amid efforts to get banks to extend cheaper credit. The Central Bank of Jordan (CBJ) will cut its discount rate to 4.75 More… |
