Friday 29 August 2014
 
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Just Falafel opens new outlet in Sydney

UAE-based food chain Just Falafel has opened a new outlet in Sydney’s Central station, as part of its Australian expansion plans.   The new restaurant will offer a broa

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Bahraini market set for $527m revamp

A popular Bahraini market that has seen visitor numbers drop as a result of unrest dating back to 2011 could finally be in line for a BD200 million ($527.3 million) revamp.   The Manama Central Market, located ne

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Saudi cbank to maintain reserve strategy

Saudi Arabia's central bank will keep its current strategy for managing the country's foreign reserves, central bank governor Fahad Al-Mubarak said on Tuesday, indicating a continued emphasis on US dollar assets.  

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Move to revive $527m Bahrain market project

Gulf investors have pledged to help revive a BD200 million ($527.4) project to modernise Manama Central Market.   They are said to be showing interest in the development, which stalled as a result of the 2011 unr

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Bahrain's main market facelift under threat

A major BD200 million ($527.8 million) facelift to Bahrain's main market is under threat. Investment company Tashgeel for Commercial Buildings Management has been given three months to come up with designs to revamp the Manama

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Egypt banks to stick to non-USD forex rates

The Egyptian central bank has instructed banks to 'strictly conform' to prevailing international market rates in trading of non-US dollar foreign currencies, according to a statement seen by Reuters. "Kindly note that

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UAE, Malaysia plan investment fund passport

The central banks of Malaysia and the UAE are working on a fund passporting mechanism that would facilitate sales of funds from one country into the other, Malaysia's central bank governor said. The plan is part of a bilateral

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