Deutsche Bank agreed with US and British authorities to pay a record $2.5 billion to resolve investigations it manipulated benchmark interest rates used to price loans and contracts around the world.
As part of the deal, Deutsche
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
Leading telecommunication operator Ooredoo has launched Oman’s first international flat rate (IFR) offer which will allow mobile business customers to call the top international destinations throughout the day at a flat rate of 99 baizas (
Bahrain has stabilised its unemployment rate at 3.7 per cent, according to Labour Minister Jameel Humaidan.
He said 6,065 Bahrainis were employed in the private sector in the last quarter of 2014, which covers October, November an
Singapore-based HalalTrip has launched an app that allows people to rate and share halal food across the world, according to a report.
The free app, which is available for Apple iOS and Android devices, “makes place discover
Inflation rates across the GCC region ranged between 1.02 per cent and 3.11 per cent in October this year, compared with the same period last year, according to a report by the Statistical Centre for the Co-operation Council for the Arab Countri
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
Bahrain Commercial Facilities Company has closed a US$53 million floating rate, unsecured note issuance due in 2019.
Arab Banking Corporation (ABC) was the sole lead manager, while Trowers & Hamlins acted as lead counsel to th
Gold held above $1,200 an ounce on Tuesday, retaining most of its sharp overnight gains following a bout of profit-taking in the dollar, but optimism over the US economy and possibility of higher rates kept investors wary.
Divorce rates in Bahrain were higher last year than at anytime in the past five years, according to the latest figures.
The Justice, Islamic Affairs and Endowments Ministry statistics, revealed by lawyer Huda Al Shaer, show that f