Saturday 13 February 2016
 
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Oman to borrow $5bn-$10bn from abroad

Oman plans to borrow between $5 billion and $10 billion from abroad to help finance a budget deficit caused by low oil prices, central bank executive president Hamood Sangour al-Zadjali told Al Arabiya television on Monday. Zadjali said

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Egypt cbank keeps main interest rates unchanged

Egypt's central bank kept benchmark interest rates unchanged on Thursday, it said in a statement.   The Monetary Policy Committee (MPC) kept the overnight deposit rate at 9.25 per cent and the overnight lendi

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Saudi cbank net foreign assets drop 3.1pc

Net foreign assets at Saudi Arabia's central bank declined 3.1 per cent in December from the previous month to SR2.283 trillion ($609 billion), the central bank said on Thursday.   Assets dropped 15.9 per cen

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Final warning sent out to Muharraq traders

A final warning has gone out to seven traders standing in the way of a long-stalled redevelopment of one of Bahrain’s oldest markets. They have been blamed for delaying the multi-million-dinar upgrade of Muharraq Central Market by refusi

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Centara Hotels & Resorts takes on a new identity

Starting this year, leading global hospitality group Centara Hotels & Resorts will be renamed Central Hospitality International (CHi). This is a refresh and renaming of the management and holding company behind its collection

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Bahrain cbank aims for centralised sharia board

Bahrain's financial regulator plans to establish by the end of this year a central sharia board of scholars that will oversee the kingdom's Islamic finance sector, a central bank official said.   The boar

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Can Egypt's new cbank chief calm currency crisis?

When Egyptian central bank governor Hesham Ramez quit, phones began ringing as bankers congratulated each other on the departure of a man they say refused to change course even as Egypt careered from currency crisis toward trade crisis.

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Malaysia move opens door for ME sukuk issuers

A decision by Malaysia's central bank to stop issuing Islamic bonds has slashed the global supply of sukuk but opens the door wider for other borrowers, and may begin to shift the focus of sukuk issuance westwards towards the Gulf.

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ADIF, SRB to establish Kazakhstan as 'Islamic financial hub'

The Association for Development of Islamic Finance (ADIF) has signed a deal on co-operation with Shariyah Review Bureau (SRB) to establish Kazakhstan as an Islamic financial hub of Central Asia. ADIF solely supported by National B

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Central Hotels to showcase its offerings at Dubai ATM

Central Hotels, a leading hospitality company in the UAE, is set to showcase its ‘Centre of Hospitality’ at the an upcoming travel and hospitality show in the Middle East. The Arabian Travel Market will run from May 4

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