Oman issues 385 million riyals worth of certificates of deposit
Muscat - KUNA
Oman has issued certificates of deposit worth 385 million riyals, the country's central bank said. The central bank said in a press release on Friday that the average interest rate of these certificates was 0.03 percent, and the maximum accepted interest rate was 0.03 percent. The tenor of these certificates is 28 days. Their maturity date is July 20. Ripo rate betwen June 22 and June 28 was two percent. The certificates of deposit issued to the licensed banks by the Central Bank of Oman as a monetary policy instrument are aimed at absorbing excess liquidity at the banking sector in particular and maintaining stability of the interest rate and the money market in general.
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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