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Press Dossier   By Date  16/09/2024
Oman’s Islamic banking assets surge 18%, reflecting broader GCC growth trends
The combined assets of Oman’s Islamic banks and windows reached around 7.8 billion Omani rials ($20.2 billion) by June, an 18.1 percent increase from the same period in 2023.
Closing Bell: Saudi main index climbs to 11,900
Saudi Arabia’s Tadawul All Share Index rose by 57.75 points, or 0.49 percent, to close at 11,900.30 on Sunday.
ABK successfully prices $300m Additional Tier 1 bond offering
Al Ahli Bank of Kuwait KSCP (ABK) has successfully priced a $300 million Additional Tier 1 (AT1) bond offering with a coupon rate of 6.5 percent per annum. This marks the bank’s return to the debt capital markets since its last issuance in 2018 and showcases a significant achievement with notable price tightening for an AT1 issuance.
UAE travels: Emirates, Etihad flights delayed as typhoon Bebinca hits Shanghai
Typhoon Bebinca made landfall in Shanghai on Monday morning as a Category 1 storm, the most powerful tropical cyclone to directly hit the Chinese financial hub in more than seven decades.
Visiting UAE? Travel insurance policies don’t cover pre-existing medical conditions
Travel insurance policies do not cover pre-existing medical conditions of tourists arriving in the UAE, industry executives have reiterated. They, therefore, advise tourists to go for specialised health insurance policy with coverage for their specific health issues.
Official stresses the importance of GCC judicial cooperation
Boosting cooperation amongst GCC judicial officials and entities is important to move legal affairs in the region forward, said a Kuwaiti justice official on Thursday.
Three Zakat, Tax, and Customs Authority employees arrested after receiving bribes: Nazaha
Three employees of the Zakat, Tax, and Customs Authority at the King Abdullah Port in Rabigh have been arrested after receiving bribes from six residents.
Saudi fund backs $41m revamp of Dominica’s capital
The Saudi Fund for Development signed a loan agreement on Sunday with Dominica to finance the $41 million Infrastructure Rehabilitation Project in Roseau, the capital city.
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