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Ahli Bank's new loans scheme
Ahli Bank has launched loans facilities, MyLoan a consumer loan for Omani and expatriates and MyHome a new home loan from the experts in housing finance. MyLoan installments increase by less than 2% each year.
Oman: Saturday, February 09 - 2008 at 09:52

Platinum hits record high
Platinum hit a record high on Wednesday due to concerns about supplies from leading producer South Africa, reported Reuters. Other precious metals also advanced, with gold rising more than 1% to trade just below $900 an ounce and silver gradually moving towards recent 27-year highs. Spot platinum rose as high as $1,814 an ounce before easing to $1,805/$1,810 at 1240 GMT, against $1,770/$1,775 late in New York on Tuesday.
Thursday, February 07 - 2008 at 07:13

UAE consumer confidence shaken
Consumer confidence in the UAE has declined in the past six months, according to the latest MasterCard Worldwide Index of Consumer Confidence findings for the first half of 2008, reported Gulf News. From a score of 88.8 six months ago out of a possible score of 100, the UAE index came down to 78.5. Indications for the UAE are that consumer sentiment is overall positive and optimistic with a high index score. In the Middle East and Levant, the UAE ranked third in consumer confidence with Kuwait (93.3) and Saudi Arabia (92.2) ranked in the first and second positions.
United Arab Emirates: Wednesday, February 06 - 2008 at 08:22 |

Markaz Gulf Fund achieves record return
Kuwait Financial Centre S.A.K 'Markaz' has announced that its Markaz Gulf Fund posted 48.4% Year to Date outperforming MSCI GCC index which achieved 44.8% as of 31 December 2007. The main objective of Markaz Gulf Fund is to seek long term appreciation by investing principally in equity securities listed on the stock markets of the GCC countries. The success of the Fund's investment strategy lies in the diversification of its asset allocation, the company said.
Tuesday, February 05 - 2008 at 08:43

Citibank hosts exclusive seminar for clients
Citibank a member of Citi hosted an exclusive seminar for its clients which was conducted by globally renowned keynote speaker and coach, Anthony Morris. The attendees included select CitiGold Wealth Management clients consisting of CEO's, General Managers, Managing Directors and eminent businessmen in Bahrain. Citibank Bahrain is a top provider of Wealth Management solutions and has, over the past few years, launched a comprehensive suite of products & services that include innovative Structured Notes, Fixed Income Securities, Mutual Funds, Islamic investment options, Hedge Funds, Multi-Manager funds, Unit Linked Insurance plans and CitiBest Current Account that pays interest of up to 5 per cent.
Bahrain: Monday, February 04 - 2008 at 09:09 |

Rising borrowing costs trouble investors
The latest trend in Pakistani stocks is something of an eye-opener, especially for complacent investors, reported Gulf News. Pakistan's equity investors have reason to worry about the rising cost of borrowing from banks, after the central bank's move, as Pakistan battles many different challenges, including economic ones. Pakistan's banks continue to benefit from their gains in recent years, the kind of consolidation that has already taken place in the sector and signs of continued interest from foreign investors.
Middle East: Sunday, February 03 - 2008 at 09:32

C3 offers e-payroll
C3 Card is offering to streamline electronic payroll process and will market a Visa and MasterCard Payroll. Due to launch in February, the card enables employees to receive their salaries via instant electronic transfer, in accordance with MoL legislation.
United Arab Emirates: Saturday, February 02 - 2008 at 09:01

Pension funds lose $1.5 trillion
A new report by consulting firm Watson Wyatt has found that the global share sell-off may have wiped up to $1.5 trillion off the value of global institutional pension fund assets since the start of this year. With the average allocation to equities within pension funds in the 11 largest pension markets at 56%, they have felt the pain of the global equities market slump, while pension liabilities grew faster than their assets last year, said Watson Wyatt.
Thursday, January 31 - 2008 at 08:11