With Duqm’s new airport now open, projects at the heart of Oman’s future economic powerhouse are all set to speed up, further driving the Sultanate’s economic expansion.
Going to be in the market for a new Pixel 3 or Pixel 3 XL from Google next month? An official teaser site from Google in Japan suggests we’re looking at three different colors for the new phones: mint, white and black. Probably.
Saudi Arabia’s economy can achieve an International Monetary Fund forecast of 1.9 percent gross domestic product growth this year, the central bank governor said on Sunday.
The IMF said last month that growth in the non-oil sector was expected to accelerate as the Kingdom moved ahead with economic reforms.
Ahmed Al-Kholifey, governor of the Saudi Arabian Monetary Authority (SAMA), made the comments during a press conference in Riyadh.
Abu Dhabi Islamic Bank (ADIB) has successfully raised $750 million of additional Tier 1 through a perpetual Sukuk that complies with Basel III regulatory framework issued by the Central Bank of the UAE.
ADIB, which is rated A2 by Moody’s and A+ by Fitch, in each case with a stable outlook, priced the non-call, five-year Sukuk at a profit rate of 7.13 per cent.
Saudi low-cost carrier flynas has announced that it will open employment applications to young Saudi men and women for the “Future Pilots” and “Flight Attendants” programmes.Flynas stated that the “Future Pilots” programme aims to recruit 200 male and female pilots over the next five years, while the “Flight Attendants” programme aims to attract 300 Saudi male and female flight attendants within two years.
Kuwait stocks sagged on Sunday as it opened the week on a dull note. The All Shares Index, after a firm start, fell 4.68 points to 5,134.88 points weighed by National Bank of Kuwait and Humansoft Holding even as the overall mood remained mixed.
Bahrain-based CIBAFI has called on regulators overseeing Islamic banking to revise guidance on real estate exposures to align with the post-financial crisis capital rules of Basel III, reported Reuters.
The amended version of Basel III, finalised in December 2017, introduced additional requirements including concentration limits and independent asset valuations.
President of the Jordanian Engineers Association (JEA) Ahmad Zu’bi on Saturday announced the association’s rejection of the new income tax draft law in its current form.
The rejection came during a swearing-in ceremony for 160 male and female engineers. Zu’bi said the proposed bill is not harmonised with what he described as “the state of dialogue between the associations and the government”, the Jordan News Agency, Petra, reported.