CEO resignation would not deter the merger of the two Omani banks. In an announcement, Bank Dhofar's CEO Anthony Mahoney had resigned from the bank.
Sectors
Etisalat extension provided for Maroc acquisition
The new deadline is now at October 31 for the acquisition of Vivendi's shareholdings in Maroc Telecom by Etisalat.
Oman to issue bonds and other financial instruments
In a bid to ease the pressure on its public finances, Oman is set to issue an international bond as well as a sovereign bond next year.
Housing supply increases loans in Australia
According to a data from SQM Research Pty, property prices in Sydney might increase to as much as 20% in 2014.
China's central bank to keep a steady policy
The Central Bank of China said last Sunday that it would keep policy steady to cope with economic uncertainties.
Latest News
The escalator at Harrods would undergo a major facelift and renovation. Qatar's newly acquired luxury London department store, Harrod's, had laid out plans to undertake a multi-million renovation as part of the investment from the Gulf state in the world renowned brand.
Ooredoo, the Qatari telecommunications company, had entered into a partnership with the Cherie Blair Foundation for Women to provide assistance to businesswomen.
The Shanghai free trade zone is a testing ground for finance and economic policy in China. Shanghai's free trade zone would have Citigroup Inc and Bank of China Ltd as participants in the eleven square mile experiment.
Nufarm is asking for openness from Aussie farmers as foreign investors would increase competition with the industry.
After more than dismal last quarter financial reports, BlackBerry is contemplating its exit from the smartphone market.
Critics say the UK Prime Minister's Home to Buy scheme would only push home prices higher than expected.
Due to the loss of support from the largest shareholders of Telecom Italia, CEO Franco Bernabe is planning to submit his resignation on October 3.
Videocon Group Chairman Venugopal Dhoot confirmed that its West Bengali project would commence by the end of 2013.
British solar solutions provider Solarcentury announced that it had formed a new venture in solar energy with South African local partner Momentous Energy.
