Casa Arabe is committed to being a meeting point between Spain and the Arab world
uae3 hours ago
The NBO share having a nominal value of RO 1 will be offered to CBQ at a price not less than RO 4.450 per share, the apex bank said in its directive, allowing the establishment of a strategic alliance between the two banks. The decision was taken at a meeting presided over by Dr Ali bin Mohammed bin Moosa, Minister of Health and Deputy President of CBO.
NBO has convened an EGM on June 25 to consider and approve the increase in paid-up capital from RO 70 million to RO 80 million and approve the private placement of 10 million shares and a management service agreement with CBQ.
The CBO board also cleared the application of United Finance Company to set up a subsidiary in Bahrain. UFC will contribute 49 per cent stake in the new subsidiary Bahrain Finance House (under formation).
Oman's premier bank BankMuscat has also been allowed to raise its capital through global depository receipts (GDRs), pending approval from the Capital Market Authority.
Casa Arabe is committed to being a meeting point between Spain and the Arab world
uae3 hours ago
From stocking up essentials to ensuring safety of vehicles and properties, they take no chances
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The UAE face a tricky challenge on Friday in what could be a rain-interrupted qualifying game against Vanuatu
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The daughter of Sheikh Mohammed married Sheikh Mana in a grand ceremony last year
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Authorities also apprehended 179 suspects across 196 operations worldwide
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Notable Speech and Tarifa lead an army of contenders in major Classic contests at Newmarket, England and Churchill Downs, America
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GCSE and A level board exams take place over several weeks in April, May and June for thousands of students across the world
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