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Latest items posted in 2002

  • ein

    Orascom Telecom shares up

    Orascom Telecom shares surged by 5.9 per cent on Monday to close at 7.72 pounds, helped by a report that the firm was getting nearer to disposing of u...

    Read full article » Egypt: Tuesday, December 10 - 2002 @ 08:43
  • ein

    Oman banks agree merger

    Shareholders of Bank Dhofar, Oman's fourth largest bank, have unanimously approved a merger with Majan International Bank. This marks another stage in...

    Read full article » Oman: Sunday, December 08 - 2002 @ 08:39
  • ein

    Oil price jumps above USD28

    Benchmark Brent crude oil jumped by USD1.09 to USD28.30 per barrel on Monday as it became clear that the Venezuelan strike situation was not improving...

    Read full article » United Arab Emirates: Tuesday, December 17 - 2002 @ 08:57
  • ein

    Oil and gold prices rocket

    Benchmark Brent crude oil prices leaped from USD28.34 at the close last Friday to USD29.20 on Monday. Meanwhile, gold hit USD343.95 per ounce, while t...

    Read full article » United Arab Emirates: Tuesday, December 24 - 2002 @ 08:58
  • ein

    New USD150m Dubai realty fund

    The Government of Dubai and Citigroup have launched the USD150m Estithmaar Islamic Real Estate Fund to invest in Dubai real estate. Both the Dubai Gov...

    Read full article » United Arab Emirates: Sunday, December 22 - 2002 @ 08:54
  • ein

    New SIPC plants for Jubail City

    Saudi International Petrochemical Company has inked an engineering and construction procurement contract with Saudi Arabian Kent to build two new petr...

    Read full article » Saudi Arabia: Tuesday, December 17 - 2002 @ 08:37
  • ein

    New HSBC Islamic retail fund

    HSBC has introduced the Pan-European Protected Fund, its fourth in the Shariah compliant Amanah Principal Protected Fund series. The new Islamic fund ...

    Read full article » United Arab Emirates: Wednesday, December 11 - 2002 @ 15:27
  • ein

    New bank rule

    Banks in the UAE which fail to raise their national employee strength by four per cent annually will not be allowed to open new branches, after a deci...

    Read full article » United Arab Emirates: Tuesday, December 31 - 2002 @ 13:01
  • ein

    NBO, OIB revive merger talks

    Merger talks will start again early next year between the National Bank of Oman and the Oman International Bank, reported the Khaleej Times. Last year...

    Read full article » Oman: Thursday, December 19 - 2002 @ 10:08
  • ein

    NBO denies OIB merger rumours

    The National Bank of Oman has categorically denied rumours that merger talks with the Oman International Bank have been revived, according to The Time...

    Read full article » Oman: Sunday, December 22 - 2002 @ 16:06

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