Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Tourists to the UAE arrive from all over the world. The UAE enjoys all the assets essential to become a major tourist destination: warm waters, sandy beaches, first-class shopping, extensive recreational facilities, and world-class hotels.
On 2nd December, the United Arab Emirates celebrates its 36th National Day after the completion of another year of successful progress in the development of its rapidly-growing economy.
Today as we all celebrate the independence day of UAE; we take pride in relating UAE as birthplace of AL-GHURAIR GIGA. Let us all pray and endeavour even harder to rejuvenate and reinforce our bonds of love and brother-hood. Let aim all our efforts to bri
Al Ghurair Giga is a joint venture of two recognised business conglomerates Al Ghurair Group (UAE) and Giga Group (Pakistan). We have a long term business relationship in various sectors. The essence of our vision is in our creative and innovative approac
Today we celebrate the independence day of UAE, although young and small in size and population, its accomplishments at all levels have had the advanced world respect it and establish joint links with it; Al Ghurair Giga is one paradigm.
On the auspicious commemoration of UAE's independence, the Al Ghurair Giga group extends its heartiest felicitations to its country of birth and from where we took our roots.
His Excellency, Mr Ali Mohammed Al-Shamsi has always taken initiatives to encourage investors, especially from UAE to invest in various sectors in Pakistan particularly in real estate sector.
December 2, 2007 is the 36th anniversary of the founding of the Federation of the United Arab Emirates. On this auspicious occasion , I extend on my behalf and on behalf of the Government and people of the UAE our thanks and gratitude to the Government an
Excerpts from the speech of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai on the occasion of launching on 19th September 2007 a multi-million dirham initiative (Dubai Cares) to educate more than a million ch
Excerpts from the speech of H.H. Sheikh Khalifa bin Zayed Al Nahyan, President of UAE in the 12 members meeting of the Organisation of the Petroleum Exporting Countries (Opec) held in Riyadh on 18th November.
Falling trend was seen on the forward cottonseed oilcake market on Saturday in process of trading, dealers said. The December vaida opened with Rs 3.50 loss at Rs 599.50 and closing was seen at the same level, they said. The January vaida showed no change
Steady trend was again seen in the cotton market at the weekend but activity was thin as compared to the previous sessions, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 3075, dealers said.
Modest trading was seen on the grain market on Saturday as some commodity items moved both ways, some sharply against the overnight levels, dealers said. On the cereal side, juwar in the starting of the winter, low type gained Rs 75 to Rs 1375 and good ty
The lineup of vessels waiting to load sugar in Brazilian ports fell to 37 ships from 39 ships a week ago, shipping agent Williams said Thursday. In a weekly report, Williams said 20 vessels were lined up in the southern port of Santos, compared with 29 la
Port of Mundra, India's major bunkering port, is expected to see a jump in bunker volume in 2008, said a senior executive at Adani Bunkering Services, which supplies bunkers at the port.
The Karachi Port handled 90,513 tonnes cargo including 62,608 tonnes import, 27,905 tonnes export cargo and 3,244 containers (TEUs) during last 24 hours ending at 0700 hours on Saturday.
Ireland's government finances will fall further into the red than previously projected this year and the deficit in 2008 will more than double, the country's finance ministry said on Saturday.
Peru's inflation rate slowed to 0.11 percent in November, the slowest monthly pace since January, the government said on Saturday. Prices rose less than a 0.31 percent rise in October, but came in above a price drop of 0.28 percent in November 2006.
Poland's change of government has improved the environment for fiscal reforms but evidence is needed that they will be implemented before any change in the credit rating outlook, a Moody's analyst said on Wednesday.
The Egyptian stock exchange expects more initial public offerings (IPOs) in the first quarter of 2008 after strong demand for real estate developer Talaat Mustafa Group, a senior market official said. Maged Shawky, chairman of the Cairo and Alexandria Sto
Hong Kong-based airline Dragon Air was set to resume flights to Nepal's capital Kathmandu Sunday, showing the nation's renewed popularity as a tourist destination, a statement said. The airline belonging to Cathay Pacific in 2001 halted services to Nepal,
US auto sales likely slipped in November as concerns about the strength of the economy and fallout from the collapse of the US housing market kept buyers from showrooms, analysts say. Vehicle sales, widely watched as a leading indicator of consumer spendi
Russia's Bank of Development has started placing 200 billion roubles ($8.21 billion) of budget funds on the interbank market to support the liquidity of the banking sector, Finance Minister Alexei Kudrin told Reuters.
Russia's Bank of Development has started placing 200 billion roubles ($8.21 billion) of budget funds on the interbank market to support the liquidity of the banking sector, Finance Minister Alexei Kudrin told Reuters.
Crude steel output in China, the world's largest producer, is forecast to rise 10 percent to a record 540 million tonnes in 2008, a senior official of China Iron and Steel Association said on Saturday.
Equity investors cheered news that the US Treasury Department is working on a plan with mortgage industry leaders to save struggling homeowners from foreclosure, but analysts said it will not completely save banks from home loan pain.
Equity investors cheered news that the US Treasury Department is working on a plan with mortgage industry leaders to save struggling homeowners from foreclosure, but analysts said it will not completely save banks from home loan pain.
Steep agricultural commodity inflation around the globe will continue to boost French food prices unless the European Union finds ways to ramp up output, French Agriculture Minister Michel Barnier said on Thursday.
US Web-based business software provider Salesforce.com Inc said Asia Pacific will account for 10 percent or more of its total revenue soon, up from 9 percent in the third quarter, thanks to strong regional demand.
The United Nations' food agency launched on Wednesday a drive to raise nearly $100 million from international donors to fund food aid for 840,000 people in Indonesia facing hunger. World Food Programme (WFP) officials warned that the agency had not yet re
The world's third-biggest staffing firm Randstad is in talks with Vedior that may lead to it buying its smaller rival, creating a firm with annual sales of 15.8 billion euros ($23.30 billion). "If and when an offer is made, it will include a significant e
Money manager Vanguard Group has garnered net inflows of $15.1 billion into its exchange-traded funds (ETFs) so far in 2007 against inflows of $8.6 billion in 2006, helped by new launches, an executive said.
Money manager Vanguard Group has garnered net inflows of $15.1 billion into its exchange-traded funds (ETFs) so far in 2007 against inflows of $8.6 billion in 2006, helped by new launches, an executive said.
Record high gold prices have hammered sales of the precious metal in Abu Dhabi in November, the Gulf Arab emirate's Gold and Jewellery Group chief said on Saturday. The 60 percent plunge in volume in November appeared to indicate that December sales would
India's Jet Airways Ltd and unlisted Kingfisher Airlines said they were raising fuel surcharge for the seventh time in 12 months by 300 rupees ($7.6) per domestic ticket to offset higher jet fuel prices. Budget airlines SpiceJet Ltd, Deccan Aviation Ltd a
Japan and China failed to make progress in resolving a long-running dispute over natural resources in the East China Sea in talks in Beijing on Saturday, Foreign Minister Masahiko Komura said.
Democrats in the US House of Representatives agreed on Friday on a bill to raise automotive fuel efficiency standards by 40 percent by 2020 but set separate rules for cars and light trucks as a concession to Detroit automakers.
Governance reforms to eliminate corruption and ensure equity in basic services like education, water and sanitation were urgently needed to sustain India's current rate of growth, a World Economic Forum (WEF) report said Saturday.
The global economic growth outlook has dimmed since October as a troublesome mix of tighter credit terms and rising energy prices put central bankers in a bind, the IMF's chief economist said on Friday.
The United States and the European Union proposed Friday that all nations scrap trade barriers for key green technologies, citing high growth prospects for an industry central to the fight against global warming.
China's stock market will not resume its bull run next year, but its long-term outlook is positive on the back of the country's strong growth, a parliamentary researcher said on Friday. China's benchmark stock index in Shanghai has fallen 20 percent from
European Union governments and the European Parliament have agreed on new rules requiring airlines to include taxes, charges and other fees when advertising to consumers.
A US government plan to hold interest rate payments steady for some subprime borrowers could bring the mortgage bond market back to life and may be the first step in containing the housing crisis, investors said on Friday.
A US government plan to hold interest rate payments steady for some subprime borrowers could bring the mortgage bond market back to life and may be the first step in containing the housing crisis, investors said on Friday.
Portugal said on Saturday it would support India's quest for nuclear co-operation at the 45-member Nuclear Suppliers' Group (NSG) that controls international trade in fissile materials.
The head of Britain's domestic security service has warned business leaders that China has been carrying out state-sponsored espionage against vital parts of the economy, The Times said Saturday.
US farm exports will surge to a record $91 billion in fiscal 2008, up $7.5 billion from an estimate made in August, led largely by wheat and feed (coarse) grains such as corn, the Agriculture Department said on Friday.
The United States said on Friday it was "very disappointed" with parts of a draft proposal to revamp global anti-dumping duty rules, but hoped to improve the text before a final deal was reached.
China's trade surplus is expected to reach $260 billion in 2007, rising less than forecast earlier thanks to changes in the country's trade policies, a Ministry of Finance official said on Saturday.
Brazil's stock market rose for a fourth day on Friday as rate cut hopes in the United States helped fuel demand for high-yield emerging market securities, while the local currency traded flat. The Bovespa index of the Sao Paulo Stock Exchange rose 1.37 pe
Emerging market sovereign bonds rose on Friday on investor optimism that the United States will continue to cut interest rates in an effort to keep its economy growing and so help emerging markets' exports.
Emerging market sovereign bonds rose on Friday on investor optimism that the United States will continue to cut interest rates in an effort to keep its economy growing and so help emerging markets' exports.
US corporate bond spreads tightened and junk bond prices rose on Friday on increased hopes for an interest rate cut and news of a US Treasury plan to stem subprime mortgage defaults.
US corporate bond spreads tightened and junk bond prices rose on Friday on increased hopes for an interest rate cut and news of a US Treasury plan to stem subprime mortgage defaults.
US Treasuries ended little changed on Friday, but posted their best month in over five years as investors saw tighter credit markets as inevitably pushing the Federal Reserve toward an interest rate cut.
US Treasuries ended little changed on Friday, but posted their best month in over five years as investors saw tighter credit markets as inevitably pushing the Federal Reserve toward an interest rate cut.
European banking shares, hammered over the past few months, will be in focus next week as investors seek signs the sector will sustain a fragile recovery and trigger a Christmas rally. Rates decisions by both the European Central Bank and the Bank of Engl
Venture capital firms have emerged from behind private equity's shadow to take a starring role in the year's best performing US initial public offerings. In a top-ten list, measured by first day IPO performance, about half of the deals were brought to mar
Argentine stocks closed lower on Friday as investors pocketed profits from recent gains, while bonds rose as traders bet the US Federal Reserve will cut interest rates in the United States. The MerVal index of 25 leading stocks retreated 1.35 percent to 2
Mexican stocks rose for the fourth straight session on Friday. The benchmark IPC stock index rose 1.26 percent to 29,770.52 points. Mexican stocks and bonds more attractive to yield-hungry investors. Mexico's benchmark 10-year government peso bond gained
The Toronto Stock Exchange's main index finished higher for the fourth day in a row on Friday, ending a volatile session with a lift from financial shares. But the index ended the month down 6.4 percent, its biggest monthly decline since September 2002, e
The Canadian bond prices were down on Friday ahead of the GDP data and remained lower as the report came in stronger than analysts expected. The data is expected to complicate the Bank of Canada's rate decision as it considers whether to cut rates because
The Canadian bond prices were down on Friday ahead of the GDP data and remained lower as the report came in stronger than analysts expected. The data is expected to complicate the Bank of Canada's rate decision as it considers whether to cut rates because
Chilean stocks closed up for a third day in vigorous trading on Friday, as the outlook for global oil prices fell, copper prices rose and signals strengthened for a potential interest rate cut in the United States.
Upward momentum is back on Wall Street as stocks regained ground at the end of a horrid November, with hopes mounting that the Federal Reserve will cut rates and help the US economy avert a downturn.
The Dow and S&P 500 rose on Friday, capping a dismal November with a four-day rally, as financial stocks rallied on optimism over a proposed rescue for struggling homeowners and on heightened expectations for more interest-rate cuts.
The won jumped as much as 0.9 percent against the dollar on Friday, first lifted by rallying regional stock markets and later by talk that a foreign company was buying the currency for an already announced investment in South Korea.
The US dollar will likely rise against the euro next week if key payrolls data on Friday is as weak as expected, supporting the view the Federal Reserve will cut interest rates again in December.
The dollar rallied across the board on Friday, posting its biggest weekly rise against a basket of currencies in more than a year, on profit-taking in the euro and month-end squaring up of positions by corporates.
Currency speculators trimmed bets against the dollar for the third straight week, data from the Commodity Futures Trading Commission showed on Friday. The value of the net short position in the US dollar in the week to November 27 slipped to $27.1 billion
Sharp currency moves and dollar slumps have prompted many retail investors to turn to foreign exchange to yield returns in troubled markets. The world's largest banks are looking for a wider margin than the razor thin spreads available from interbank trad
The Canadian dollar fell to its lowest level since early October against the US dollar on Friday as commodities prices sagged anew and Canadian economic growth data left investors uncertain about the prospect of an interest rate cut next week.
European football's governing body UEFA has called in police organisation Europol to investigate possible match-fixing by Asian betting syndicates in top-flight European football, Der Spiegel magazine is reporting in it's Monday edition.
The Pakistan Squash Federation has selected a four-member team to participate in the men's 21st World Squash Championship being played in Chennai, India from December 6 to December 12,2007. The members of the team are: Mansoor Zaman, Aamir Atlas, Farhan M
Andy Roddick and James Blake gave the United States a formidable 2-0 lead over defending champions Russia Friday, putting the Americans one point away from their first Davis Cup crown in 12 years.
England batsman Kevin Pietersen has reported losing 1,000 dollars in cash while the team was based at a plush hotel in the Sri Lankan capital, police said on Saturday. Pietersen, 27, had left the money in his hotel room in Colombo, police officer P.T. Sis
England's pace-spin duo of Matthew Hoggard and Monty Panesar combined to dismiss Sri Lanka for just 188 on the opening day of the first cricket Test here on Saturday. England replied with 49-1 by stumps after losing opener Alastair Cook to the third ball
Venkatsai Laxman and Sourav Ganguly hammered robust centuries to take India to a formidable total against Pakistan in the second Test here on Saturday. Laxman scored an unbeaten 112 for his 11th Test hundred and left-handed Ganguly a solid 102 for his 14t