Oman denies seeking deposits from Gulf states

Oman's Ministry of Finance. (Courtesy photo)
Updated 11 January 2017
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Oman denies seeking deposits from Gulf states

JEDDAH: Oman has denied reports that it is negotiating with other Gulf Arab states to secure a multi-billion-dollar deposit in its central bank to boost its foreign exchange reserves, the Oman News Agency (ONA) said on Wednesday, quoting a statement by the sultanate’s Ministry of Finance.
A Reuters report quoting two sources on Tuesday said the move was meant to head off any pressure on its currency, the Omani riyal.
The Omani finance ministry dismissed the report as “false” and that there have not been any negotiations to secure a multibillion worth deposit, ONA said.
“The statement affirmed that the Sultanate has enough reserves and that the value of the Omani riyal does not face any risks,” ONA said.

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UK health minister tells companies to stop warnings about Brexit

Updated 24 June 2018
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UK health minister tells companies to stop warnings about Brexit

  • Britain’s health minister Jeremy Hunt said on Sunday it was inappropriate for businesses like Airbus to issue warnings about moving jobs because of Brexit
  • Airbus on Friday issued its strongest warning yet over the impact of Britain’s departure from the EU, saying a withdrawal without a deal would force it to reconsider its long-term position and put thousands of British jobs at risk.

LONDON: Britain’s health minister Jeremy Hunt said on Sunday it was inappropriate for businesses like Airbus to issue warnings about moving jobs because of Brexit.
“It was completely inappropriate for businesses to be making these kinds of threats for one very simple reason — we are in an absolutely critical moment in the Brexit discussions and what that means is that we need to get behind Theresa May to deliver the best possible Brexit,” Hunt said told the BBC.
“The more that we undermine Theresa May the more likely we to end up with a fudge which will be absolute disaster for everyone.”
Airbus on Friday issued its strongest warning yet over the impact of Britain’s departure from the EU, saying a withdrawal without a deal would force it to reconsider its long-term position and put thousands of British jobs at risk.