Friday, April 3, 2020

Daily Archives: March 15, 2020

Aldar Invests AED2mn in Abu Dhabi’s First Social Impact Bond

Aldar – the leading Real Estate Developer in Abu Dhabi – will invest AED2 million in Abu Dhabi’s first social impact bond as part...
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OAB launches first-of-its-kind Innovation Lab

Oman Arab Bank (OAB) has announced the launch of the first-of-its-kind Innovation Lab in the banking sector in Oman. The event was held with Rashad...
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World’s Second Largest Pulses Processor Invests In Hamriyah Free Zone’s Food Park

Arab India Spices, world’s second-largest pulses processor, has joined the list of companies investing in Hamriyah Free Zone with the construction of grain storage...
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Bank Muscat closes $ 650 million Club Loan Facility

Bank Muscat, the flagship financial services provider in the Sultanate of Oman, has successfully closed a senior unsecured loan facility of $650 million with...
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Apple Closes All Stores Outside Greater China for 2 Weeks

Apple Closes All Stores Outside Greater China for 2 Weeks

(Bloomberg) -- Apple Inc. said Saturday it’s closing its hundreds of retail stores outside of Greater China until March 27 and is moving to remote...
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Coronavirus Will Change How We Shop, Travel and Work for Years

Coronavirus Will Change How We Shop, Travel and Work for Years

(Bloomberg) -- Every economic shock leaves a legacy. The deadly coronavirus will be no different. The great depression spurred a “waste not want not” attitude that defined consumer...
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Coronavirus Pandemic Puts Fed on Rapid Route to Zero: Eco Week

Coronavirus Pandemic Puts Fed on Rapid Route to Zero: Eco Week

(Bloomberg) -- With the coronavirus outbreak rewriting the rules of the global economy, the Federal Reserve is under increasing pressure to keep the flow of...
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Abu Dhabi Cuts Crude Prices in Saudis’ Wake as Oil War Grows

Abu Dhabi Cuts Crude Prices in Saudis’ Wake as Oil War Grows

(Bloomberg) -- Abu Dhabi took a cue from Saudi Arabia and cut pricing for its crude as the world’s biggest producers prepare to flood oil...
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Mideast Joins Global Stimulus With $47 Billion to Fight Crisis

Mideast Joins Global Stimulus With $47 Billion to Fight Crisis

(Bloomberg) -- Three of the biggest Arab economies pledged almost $47 billion in stimulus to limit the economic damage of the coronavirus outbreak, joining a...
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Oman Arab Bank, OAB, Innovation

Exploring new frontiers in open banking

Oman Arab Bank’s 2020 Innovation Hub which focuses on the concept of ‘open banking’ offers an opportunity for students, Fintechs and OAB employees to...
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