The Sultanate hosted the 72nd meeting of the Governors of Monetary Institutions and Central Banks of GCC countries on Thursday at the GCC Supreme Council Consultative Authority building in Muscat.
Al Amri pointed out that the banking sector in the region has proved its resilience and its ability to adapt to the changes.
It is to be noted that during the meeting, a number of issues related to supervision and control of the GCC banking system, the payment systems and the use of technologies in the financial sector were discussed.
A Delhi court has allowed the Enforcement Directorate to send letters rogatory (LR) to 21 countries, involving the UK and the UAE, seeking assistance in the probe of a Rs 8,100 crore bank fraud case involving Gujarat-based Sterling Biotech Ltd.
The LRs will also be send to Albania, where the court recently allowed the ED to send extradition requests, after its special public prosecutor Nitesh Rana informed that its two directors — Nitin Sandesara and Chetankumar Sandesara — have obtained the citizenship.
The total volume of the alleged loan defraud is pegged at Rs 8,100 crore.
Since the index is already up for 12-13 trading sessions, one should wait for some price and time correction to take place to initiate fresh long positions, Arun Kumar, Market Strategist, Reliance Security.
A) The sharp breakout of NiftyBank index seen on March 5, 2019, triggered bullish signals on a near-term basis.
Stocks, especially Axis Bank and ICICI Bank, improved the bullish sentiments with their sharp rallies.
The governments of Italy and China signed an agreement to cooperate on Beijing’s global infrastructure plan, the Belt and Road Initiative, sealing an accord that has alarmed Italy’s U.S. and European allies.
The newest flagship store of French-based high-end department store guru Galeries Lafayette announced its soft opening in Shanghai Saturday, the second one in China after its first store in Beijing since 2013.
The company plans to open around 10 stores by 2025 in the Chinese market and will introduce its WeChat mini program in the second quarter of this year.
The company also plans to debut its WeChat mini program in the second quarter this year, to deepen its relationship with Chinese customers.