Posts Tagged ‘to’
Dubai Electricity & Water Authority (DEWA) on Wednesday awarded six power and water contracts worth Dh3.13 billion to international companies to boost its capacity to meet the growth in demand.
The authority, which has about Dh30 billion worth
Ithmaar Bank will launch on Thursday a rights issue to help fund the planned expansion of its operations. The rights issue is part of a capital raising initiative, which includes a mandatory convertible sukuk, designed to raise a total of up to $400 milli
Ominvest has announced it will be the main sponsor of the first Oman Global Investment Forum that will showcase investment opportunities in the Sultanate and internationally and will bring together key industry leaders, financial intermediaries and top le
International Islamic (QIIB) has made 100% allocation this year to develop its core banking business particularly in Qatar, CEO Abdulbasit A al-Shaibei has said.
“We stay focused on our core business; we are not greatly concerned about making inv
Etisalat has agreed to permit its only competitor in the country, du, to use its infrastructure in the second half of this year.
This was disclosed here by Mohammed Omran, Chairman of Etisalat, at a session at the Abu Dhabi Media Summit which
Kuwait Projects Co.(KIPCO) said on Monday it will launch a savings and pensions company in Bahrain, which will be the first of its kind in the Middle East.
KIPCO said in a statement it has signed a memorandum of understanding with Munich Re, on
Foreign direct investment in the country declined by 25 per cent to USD 2.04 billion in January compared to the same month last year,
snapping a trend of positive growth in the previous three consecutive months.
“There is no specific reason
The Reserve Bank of India (RBI) today said the proposed new base rate, which will replace the benchmark prime lending rate (PLR) from July 1, will bring in more transparency to the loan pricing process, benefiting the end-customers.
“The base
Banks will have to lend around Rs 130,314 crore in March to meet RBI’s targeted credit growth of 16% for
2009-10.
This means that credit in March has to be more than double the Rs 60,000 crore they lent in February 2010.
While b
Saudi Arabia’s annual inflation rate surged to 4.6 percent in February, its highest level since June and up from 4.1 percent in January, official data showed on Wednesday.
The cost of living index rose by 4.6 percent in February as a result of
