US-Islamic summit begins in Riyadh with more than 50 leaders participating

:: Saudi King Salman and US President Donald Trump spoke of cooperation between the Muslim world and the US More »

Read excerpts from Trump’s speech at Arab-Islamic-US Summit in Riyadh

:: The Arab-Islamic-American Summit will be held in Riyadh on Sunday, in which US President Donald Trump is also More »

Donald Trump meets with Gulf leaders in landmark Riyadh summit

:: US President Donald Trump on Sunday is meeting with heads from Gulf Cooperation Council (GCC) in Riyadh to More »

Kingdom, Washington agree ‘Joint Strategic Vision Declaration’

:: Saudi Arabia and the US on Saturday agreed a “Joint Strategic Vision Declaration” covering aspects like diplomacy, trade, More »

Saudi Crown Prince, Trump discuss measures on combating terrorism

:: Saudi Arabia’s Crown Prince Prince Mohammed bin Nayef and United States President Donald Trump discussed way to further 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

Powered by : © 2014 Systron Micronix :: Leaders in Web Hosting. All rights reserved

| About Us | Privacy Policy | Terms of Use | Disclaimer | Contact Us |