Saudi Crown Prince to Al-Azhar Sheikh: Muslims count on their institutes

:: Saudi Crown Prince Mohammed bin Salman told Al-Azhar’s Sheikh Ahmed Al-Tayeb that Muslims count on Islamic institutes in More »

Saudi Arabia announces Eid will begin on Sunday

:: Sunday, June 25, is the first day of Eid Al-Fitr in Saudi Arabia after reported sightings of the More »

UAE: Attack attempt in Saudi bolsters our will to eliminate terrorism

:: UAE’s Minister of Foreign Affairs and International Cooperation Abdullah bin Zayed bin Sultan Al Nahyan said Saturday that More »

Iraqi PM says Mosul ‘liberation’ will be declared in a few days

:: The “liberation” of the city of Mosul from ISIS will be announced in a few days, Iraqi Prime More »

Mohammed bin Salman contributes SAR 20 mln to Saudi prisoner release campaign

:: Saudi Crown Prince Mohammed bin Salman has donated a sum of 20 million Saudi riyals for a campaign More »

 

Category Archives: Banking

High measures to block ‘ransomware’ attack across Arab banks

:: Banks and financial institutions in the Arab countries have taken precautionary measures in order to anticipate the unprecedented electronic attacks that some banks have experienced directly

Euro rallies after Emmanuel Macron wins French election

:: The euro rallied to $1.1010 from $1.0998 in early forex trading in Asia on Monday after pro-European centrist Emmanuel Macron won the French presidency, scoring a

IDB, ITC agree to work together on joint projects

:: Jeddah-based Islamic Development Bank (IDB) and the International Trade Center (ITC) have agreed to work together to implement joint projects and strengthen the competitiveness of small

Qatar National Bank to seek Saudi investment banking license

:: Qatar National Bank (QNB), the Middle East’s biggest bank by assets, said on Thursday it planned to apply for an investment-banking license in Saudi Arabia, where

Remittances from Egyptians abroad rise by 13.8 pct since November

:: Egyptians have risen 13.8 percent since the central bank floated the pound in November, the central bank said in a statement on Tuesday. The central bank

Dollar speculation in Egypt on the decline

Despite the fact that the Egyptian Central Bank had not released any figures regarding the dollar trade on the black market, unofficial estimates revealed that speculation on

US, global financial leaders skirt trade frictions, tout collaboration

Global economic leaders on Friday continued downplaying possible friction with the Trump administration over currencies, trade and other potentially contentious issues, even while acknowledging that much about

HSBC predicts 100 Saudi Arabian listings in privatization drive

Saudi Arabia’s privatization drive is likely to result in around 100 new stock market listings in sectors including mining, healthcare and retail, a top HSBC executive said

Trump administration says no US trading partners manipulate currency

US President Donald Trump’s administration declined to name any major trading partner as a currency manipulator in a highly anticipated report on Friday, backing away from a

US banks report solid earnings, still hopeful on Trump agenda

Strong trading results, rather than lending, was the driving force behind solid earnings reported by large US banks Thursday, as executives expressed measured optimism about the prospects

Islamic Development Bank announces prize winners for science, technology

The Islamic Development Bank (IDB) said three institutions have won this year’s prizes for science and technology, and each will receive $100,000 and a trophy. The institutions

Swiss watchdog: Probes of money laundering jump in 2016

Switzerland’s financial markets watchdog says it investigated 22 breaches of money laundering requirements last year, from nine in 2015, as the Alpine country seeks to combat the

Euro business must be moved from London after Brexit

London should cede financial transactions denominated in euros to EU cities like Amsterdam, Paris or Frankfurt following Britain’s exit from the bloc, an EU Parliament leader said

Newly merged First Abu Dhabi Bank’s shares rise in debut trade

First Abu Dhabi Bank’s shares rose on Sunday on the first day of trading after the completion of a merger of the emirate’s two largest banks. The

Saudi monetary agency denies data hack targeting Samba Financial Group

The Saudi Arabian Monetary Agency (SAMA) said it was closely monitoring technical issues that recently impacted Samba Financial Group systems, which resulted in a failure to provide

Turkish banker arrested in US on charges of violating Iran sanctions

A senior official at a state-owned Turkish bank has been detained in the United States on charges of helping Iran violate US sanctions against the country, the

Britain’s new pound coin enters circulation

Britain’s new £1 coin with the symbols of England, Scotland, Wales and Northern Ireland goes into circulation from Tuesday on the eve of the launch of a

David Rockefeller, last grandchild of John D. Rockefeller, dies

David Rockefeller, a former head of Chase Manhattan bank and luminary in political and philanthropic circles, died Monday at the age of 101, a spokesman said. He

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