Finance
Minister of Finance, Ali Al-Kali, said Tunisia intends to resort to international bonds and borrow from the U.S., by issuing bonds of about $3...
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BNR – In pursuit of anti-corruption in China, Wang Bin, the former chairman of China Life Insurance, has been jailed. A Jinan court in...
BNR – HSBC announced that it will cease facilitating commercial payments between business customers involving Russia and Belarus. Indeed, HSBC Bank is one of...
BNR – UBS Group has revealed its plans to streamline its work and accomplish cost savings of over $10 billion. The bank is set...
Minister of Finance, Ali Al-Kali, said Tunisia intends to resort to international bonds and borrow from the U.S., by issuing bonds of about $3...
Saudi banks’ profits fell in 2020 to their lowest levels in four years, due to the Coronavirus pandemic repercussions. According to central bank (SAMA)...
Saudi Arabia’s Central Bank announced, in its monthly report, that its reserves in foreign exchange decreased by 9.19% on an annual basis by the...
The Qatari Al Khaliji Bank achieved gains of QR683 million, recording an increase of 5.7% year-on-year, in 2020, with a return of 0.17 riyals...
UAE’s two biggest banks, National Bank of Dubai and First Abu Dhabi Bank, reported a decline in profits last year. The two banks have...
After complaints of currency shortage, the Palestine’s Monetary Authority pumped more Jordanian dinars into the local market. The Jordanian dinar domestic price witnessed an...
Fitch Ratings said Bahrain needs more financial aid from the Gulf Cooperation Council, despite reform measures. Toby Iles, Fitch primary rating analyst, said Bahrain...
Egypt’s Export Development Bank’s (EBE) Board of Directors said it approved increasing its issued and paid-up capital from 2.7 to 3.3 billion pounds. EBE’s...
The Saudi Ministry of Finance announced offering Sukuk worth SR2.955 billion ($788 million) in the local market. The issue size was set at SR2.96...
Jordan’s central bank decided to allow all licensed banks in the Kingdom to distribute cash dividends to shareholders. However, banks shouldn’t distribute more 12%...
