GulfBase Live Support
The UAE Central Bank said yesterday that the country’s money supply in different measures has decreased during the month of August 2017 by 0.9 per cent.
In its monthly statements, the Central Bank figures showed that the decrease ranged between 1.5 for M2 (money in circulation and short term deposits) to 0.6 per cent for M3, (which includes M2 and long-term deposits).
Both Gross bank assets and Gross credit decreased by 0.7 and 1 per cent respectively at the end of August 2017, the statement said.
The reduction in the bank deposits by Dh10 billion is due to the reduction of deposits of both residents and non-residents, the statement carried by WAM said.
New investment models will encourage optimal development in the oil and gas sector, Majid Jafar, CEO of Crescent Petroleum told OPEC ministers and industry leaders at the OPEC Seminar in Vienna last
UAE-listed companies, including some of the country’s biggest banks, have been asked to declare their exposure to embattled private equity firm Abraaj, which filed for provisional liquidation last we
Private deposits at commercial banks in the Sultanate at the end of the first quarter in 2018 witnessed a slight decline by 0.77 per cent to OMR12.47 billion, compared to OMR12.57 billion in the corr
Times of Oman
Foreign Direct Investment (FDI) in the Sultanate rose by 15 per cent, to OMR9.34 billion in 2017, from OMR8.09 billion in the fourth quarter in 2016.
Among various countries, the United Ki
Times of Oman
Khalifa Fund for Enterprise Development recently signed a Memorandum of Understanding with Majid Al Futtaim Hypermarkets as part of its efforts to support Khalifa Fund members and promote their entre