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☆ Major Gulf markets little changed ahead of Fed decision
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Christopher Pike Acquire Licensing RightsSept 20 (Reuters) - Major stock markets in the Gulf were little changed in early trade on Wednesday ahead of the U.S. Federal Reserve's interest rate decision. Investors are awaiting a raft of central bank interest rate decisions this week to assess the outlook for economic growth and fuel demand. The U.S. central bank is widely expected to keep interest rates on hold, but the focus will be on its projected policy path. The six-member Gulf Cooperation Council's monetary policy is usually guided by the Fed's decision as most regional currencies are pegged to the U.S. dollar. The Qatari benchmark (.QSI) rose 0.1%, helped by a 0.7% rise in the Gulf's biggest lender Qatar National Bank (QNBK.QA).

Persons: Joe Biden, Christopher Pike, Ateeq, Sohini Goswami Organizations: Dubai Financial, U.S, United Arab Emirates, REUTERS, Gulf Cooperation, U.S ., Development, Saudi Aramco, Qatar National Bank, Thomson Locations: Dubai, United Arab, U.S . Federal, U.S, Saudi, Dar Al Arkan, Yemen, Riyadh, Abu Dhabi, Ateeq Shariff, Bengaluru

☆ Trump Real Estate Deal in Oman Underscores Ethics Concerns
▼ + stars: | 2023-06-20 | by ( Eric Lipton | ) www.nytimes.com time to read: +1 min

“It’s too hot — too hot,” said Mathan Mp, 38, who is from Tamil Nadu, the southernmost state of India, said as he took a break from supervising dozens of workers at the project site. Executives at DarGlobal, Dar Al Arkan and the Trump Organization declined to comment. The few remaining residents do not know a great deal about Mr. Trump, having only a general impression of him as a rich businessman and politician. “Trump — he is your king from America,” Mr. Talbi said, after inviting a visitor to his village inside to an air-conditioned room to sit on the floor and share a pot of tea. “Welcome to Oman.”

Persons: “, ”, Dar Al Arkan, Trump, Htim Talbi, “ Trump, ” Mr, Talbi Organizations: Mathan, Trump Organization, Trump, Mr Locations: Tamil Nadu, India, DarGlobal, Yiti, America, Oman

☆ Saudi Arabia's Dar Al Arkan signs deal with Trump family for Oman project
▼ + stars: | 2022-11-20 | by ( Hadeel Al Sayegh | Shariq Khan | ) www.reuters.com time to read: +1 min

DUBAI, Nov 20 (Reuters) - Saudi Arabian real estate developer Dar Al Arkan said it signed an agreement with former U.S. President Donald Trump's company to use the Trump Brand for its $4 billion project in the Gulf state of Oman that includes a golf course, hotel and villas. The regulatory statement issued on Sunday did not disclose the financial terms of the agreement with the Trump Organization, which manages hotels, golf courses and other real estate around the world. The Aida project, a joint venture with Oman Tourism Development Company, will include Trump residential villas, a hotel and a golf course built near Muscat and would take over a decade to complete, the Dar Al Arkan filing said. The Trump Organization has two golf properties in Dubai in the United Arab Emirates, the Middle East's financial and tourism hub, in partnership with property developer Damac. ($1 = 3.7580 riyals)Reporting by Hadeel Al Sayegh; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

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