September 24, 2018

CBO board meeting discusses key issues

Muscat: The Central Bank of Oman (CBO) Board of Governors held its third meeting of the year on Sunday under the Chairmanship of Sultan bin Salim bin Said Al Habsi, Deputy Chairman of the Board of Governors. The meeting was held at the CBO Headquarters in MBD area, Muttrah.

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September 22, 2018

Global banks, traders launch first commodities blockchain...

Global banks and trading firms are launching the first blockchain-based platform for financing the trading of commodities from oil to wheat, they said in a joint statement. The platform will be run by a venture called komgo SA, based in Geneva, Switzerland, and is due to go live later this"...

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September 20, 2018

Yemen central bank nearly doubles interest rate

Yemen’s central bank nearly doubled its interest rate today in an effort to stabilise the riyal after violent demonstrations against a plunging currency, Reuters reported.

State news agency Saba said the"...

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September 19, 2018

ADB ramps up Pacific presence as donors jostle for influence...

The Asian Development Bank said on Tuesday it is expanding its presence in the Pacific islands, at a time of competition for influence there, opening seven new country offices and expecting its loans and grants in the region to top $4 billion by 2020. The pledge from the Japan-led bank"...

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September 17, 2018

Brokerage firm ADSS eyes 15% revenue growth on new technologies...

ADS Securities (ADSS), a private Abu Dhabi-based financial services firm, plans annual revenue growth of 15-20 per cent in 2018, as it expands its services through automation and other technologies, its chief executive said.

“We"...

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September 16, 2018

Deutsche Bank stock-trading head says he’s playing...

Deutsche Bank AG’s global head of equities is seeking inspiration from a legendary baseball team as he looks to overturn a three-year rout of the business with a shrinking budget.

“We’re more"...

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September 15, 2018

Investec spins off asset management arm as founders depart...

Investec is spinning off its asset management unit after a strategic review found there is little synergy with its banking and wealth and investment divisions. The stock rallied the most in nine years.

Investec"...

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September 12, 2018

CBS sets Moonves payoff at $120 million pending probe

CBS Corp said on Monday that it would pay $120 million to former Chief Executive Officer Leslie Moonves if an internal investigation into allegations of harassment fails to provide grounds for his dismissal.
Moonves, who turned CBS from an ageing radio and TV broadcaster into a successful"...

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September 10, 2018

Vitizen trying to enters the prohibited currency in Sanaa...

Security forces seized on Sunday at one of the checkpoints a citizen in his possession prohibited currency in the capital Sanaa, a security told Saba on Monday.

This currency which recently printed by the US-Saudi aggression coalition to destroyed the national economy.

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September 9, 2018

National currency devaluation impact discussed in Sanaa

Deputy Prime Minster and Finance Minister Dr. Hussein Maqboli on Saturday chaired a meeting in Sanaa to discuss the national currency's devaluation against foreign currencies and its impact on citizens’ living conditions.

In the meeting, which was attended by representatives"...

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