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HuaweiBritish government bonds edged lower on Thursday as markets awaited the European Central Bank’s monthly news conference, after the Bank of England’s policy meeting and a Spanish bond sale passed uneventfully.
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FRANKFURT, Germany — The European Central Bank has left its key interest rate unchanged at a record low of 0.75 percent, holding off on providing further stimulus to the lagging economies of the 17 countries that use the euro currency.
US Treasuries prices fell on Tuesday as talk of Spain’s willingness to seek a bailout and an unexpected rate cut by Australia’s central bank favored riskier assets over safe-haven U.S. debt.
The GCC states are rightly investing heavily into infrastructure development, modernising the existing structure to pave way for uninterrupted economic growth in the coming years, said R Seetharaman, Group CEO, Doha Bank. He was speaking at a knowledge sharing event organised by Doha Bank in Dubai.
Al Sabbah Electromechanical, part of Al Fara’a Group, reinforced its stature as Asia Pacific’s leading electromechanical powerhouse with its triumph at the 2012 Sheikh Khalifa Excellence Award, or SKEA, in the Gold category.
Union National Bank (UNB), one of the leading banks in the UAE, has scaled new heights in the field of quality and business excellence by becoming the first ever bank to receive the prestigious Diamond category award at the Sheikh Khalifa Excellence Awards (SKEA).
Banks in the UAE, facing a soon-to-expire central bank deadline to comply with new regulations that cap lending to governments and its entities, may get yet another six months to fall in line with the new loan rules, banking analysts said.
Abu Dhabi Islamic Bank, or ADIB, has launched the UAE’s first Islamic telecom card in partnership with etisalat, the largest telecommunication company in the UAE, and Visa International.
NEW YORK - US Treasuries prices slipped on Thursday as talk that China could launch more monetary stimulus inspired profit-taking in safe-haven US government debt after recent gains.
The Central Bank of the UAE has asked the banks and financial institutions to find a solution to the issue of settlement of the loans defaulted by the UAE nationals.
