Thursday 28 March 2024
 
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UAE Exchange 'not accepting' demonetised Indian notes

The UAE Exchange, a leading money transfer service in the region, has clarified that the exchange is not accepting the demonetised currency notes of India's Rs500 and Rs1,000 denomination. The clarification follows fake WhatsA

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Demonetisation 'could add $18bn to Indian banking system'

The demonetisation of Rs500 and Rs1,000 currency notes by India could add about $18 billion to money supply as the money gets deposited in banks, a report said. The demonitized notes account for 80 to 85 per cent of cash in circul

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India abolishes some currency notes

India today abolished the Rs500 and Rs1,000 currency notes currently in circulation and announced plans to release new notes in a fight against corruption. Prime Minister Narendra Modi in an address to the nation said the ban will

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Saxo Bank strengthens capital base with $46m issue

Saxo Bank, a leading online trading and investment specialist, has strengthened its capital base by issuing Convertible Tier 2 Notes in exchange for €46.25 million ($49.6 million) and by issuing new equity capital in the am

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Post-it maker unveils greener paper-sourcing policy

St Paul-based 3M Co, one of the world's largest manufacturers and the maker of Post-it notes, will take new steps to ensure that its suppliers of paper, pulp and packaging provide materials that come from sustainably logged timber.

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Post-it maker unveils greener paper-sourcing policy

St Paul-based 3M Co, one of the world's largest manufacturers and the maker of Post-it notes, will take new steps to ensure that its suppliers of paper, pulp and packaging provide materials that come from sustainably logged timber.

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BCFC closes $53m floating rate notes issuance

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

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Dentons advises NBO on $600m Note programme

Dentons, a major global law firm, has advised the National Bank Oman (NBO) on the establishment of a listed and rated $600 million Euro Medium Term Note programme, and the debut issue of $500 million 3.125 per cent Notes. The Prog

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Adib offers low-risk sharia-compliant stocks

Abu Dhabi Islamic Bank (Adib) is offering investors low-risk exposure to global sharia-compliant stocks through a new 100 per cent capital-protected note that tracks the Dow Jones Islamic Market Titans 100 index. The launch of the

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Conference to be held at Burjeel hospital

Nearly 100 international healthcare experts and pioneers will attend a conference on minimally invasive surgery and natural orifice transluminal endoscopic surgery (Notes), which is to begin on May 24 in Abu Dhabi. The two-day con

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