The Abu Dhabi market gauge ended up 0.31% to reach 2,623.02 points. Shares of the emirate's leading developers Aldar and Sorouh gained 1.45% and 2.24%, respectively. Both firms, which started merger talks on Sunday, advanced in lockstep he last on Monday and on Sunday. The lockstep rise triggered an investigation by the ADX market supervision department. The UAE's first telecom provider Etisalat ended even at Dh9.30. Earlier in the day, Etisalat said it started legal procedures for winding up its Indian subsidiary Etisalat DB Telecom (formerly Swan Telecom). Etisalat, which was confronted with a legal row with the India's telecom regulator and eventually the supreme court on licences, blamed in its statement to the ADX its jointventure partners in India of 'unwillingness and lack of cooperation' to meet funding requirements in the licence issue. As a consequence, Etisalat to shut down operations in India.
BankDhofar launches student credit card
Among the unique initiatives which aim to empower our youth and students segment, BankDhofar proudly launches its new credit card offering for all the students of the universities and colleges in Oma
Oman’s foreign trade rises by 9.1%
The latest statistics released by the National Centre for Statistics and Information (NCSI) show that Oman's foreign trade witnessed a 9.1 per cent increase in the total value of commodity exports at