2003
- The news you choose »
- Login to Add to Watchlist
Oman NRIs to get LIC cover
Indian expatriates in Oman will now be able to avail of insurance cover from one of India's most popular providers, Life Insurance Co. (LIC), which has appointed Muscat-based Gulf Insurance Agencies as its chief agent in the sultanate. Both will work towards forming a local joint venture company.
Huge response to Oman share offer
Shares offers in Oman Cement and Oman Flour Mills have been heavily oversubscribed. The offer was open to both local and international investors. Government shares in Oman Cement worth USD20.5m have been oversubscribed by almost three times to USD56m. The government's offloading of it USD11m shares Oman Flour Mills saw a 100 per cent oversubscription, said issue managers Bank Muscat and Fincorp.
Dubai Bank credit card offers
Dubai Bank's credit card members are entitled to free life and household insurance of up to USD33,700. In the unlikely event of death under any circumstances of a card member, the next of kin receives an immediate payment of USD27,000 for gold member and USD13,500 for silver, said Ricky Madan vice-president.
Pakistan to offer 3.2pc of NBP
Pakistan government wil come out with a share offering of another 3.2 per cent stake in National Bank of Pakistan. The government has so far sold a 20 per cent stake in the bank which has the biggest asset base among banks in Pakistan. The offer will be on the Karachi Stocks Exchange.
ABN Amro offers deferred payment
Smart credit card holders of ABN Amro Bank have been offered the facility to defer the payment of their credit card bill by one month. The promotion is aimed primarily at those who may have just come back from their annual vacations or those who might be planning to travel.
NRI bond money to stay in India
Benchmark bank rates of 6 per cent in India is expected to encourage expatriate Indians in the low-interest regions of the Gulf, Europe and North America, to keep the bulk of their maturing USD5.5bn in Resurgent India Bonds, in India. The bonds mature in October.
ABN Amro credit card promotion
ABN Amro Smart credit card holders have the option of an interest free payment plan on purchases made at Ikea. The offer which ends on October 13, is valid on all purchases of over USD270. The Smart Payment Plan gives the shoppers a chance to pay back for purchases in six fixed instalments at zero per cent interest.
NBO credit card promotion
National Bank of Oman has tied up with Business Travel Services to offer a joint promotion for the next two months. Those who pay for tickets and travel packages through their NBO credit card, can avail of a range of benifits such as discounts on worldwide car hire rates, reduced rates for travel insurance and emergency services for travel arrangements.
Emarat cash against credit cards
Dubai Bank credit cardholders can now access cash at Emarat filling stations 24-hours and seven days a week. It will start with four stations near Port Rashid, opposite Dubai Cinema, near Safestway and opposite Home Centre in Sharjah. There are plans to extend the service to all Emarat stations across the country.
Gold buyers get extra prizes
Dubai's gold trade has reported a 34 per cent rise in revenues compared to the same period last year due to the success of the 'Win the City of Gold' promotion. As a result, Dubai Gold and Jewellery Group has added an extra USD81,000 worth of scratch-and-win prizes to the summer promotion.
15 remitters get lucky at Al Ansari
Fifteen remitters and customers of Al Ansari Exchange have been selected as prize winners in the second draw of the two-month long promotion. Al Ansari Awards offered 30 winners a maximum reward of USD9,500 each under a total prize money of USD270,000. The first draw was held on July 15.
August 15 last date for UNB draw
Union National Bank has announced that August 15 is the last date for applicants to enter the 2nd Al Awwal Special Draw in which deposits made could win 500 times their unit value. The draw will be held on August 31. Only those holding certificates worth over USD2,700 will be eligible for the draw, the bank said.
Ex-NRIs can hold foreign accounts
A legal expert has clarified that an Indian who is no longer employed in the Gulf or has stopped his business, has to convert his Foreign Currency Non-Resident (FCNR) or Non-Resident Rupee (NRE) accounts into Resident Foreign Currency accounts in India. But he can continue to operate his foreign bank accounts, said HP Raina in Khaleej Times.
MashreqMillionaire draw on Sept. 1
Mashreqbank said August 15 is the last application date for the next MashreqMillionaire draw which offers almost USD300,000 in total pize money. The draw will be held on September 1 for four Multiplier draws of up to USD27,000 each, ten draws of USD2,700 and 20 draws of USD1,350. On September 15 will be a draw for USD270,000 and ten for USD2,700 each.
USD135,000 offer from EBI Group
Emirates Bank Group has launched an offer on its credit cards which promises USD135,000 in total prize money. The scheme is aimed at new cardmembers for meBank whose names go into a draw for five winners of USD13,500 each. Each use of EBI, MEB or meBank credit card also provides an entry into a draw for ten winners of USD6,750.
It looks like you are using a Mac - check out our 
Web Feeds