France probes Lebanese central bank chief’s wealth
France has opened a probe into the personal wealth of Riad Salameh, central bank chief in crisis-hit Lebanon, sources told…
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Central banks integrate ESG into mainstream activities
ESG considerations being incorporated among traditional reserve management constraints Sustainable bond market poses challenges and opportunities for central banks Central…
Lebanon Reverses Bank Decision That Caused Depositors Panic
After public outrage and protests, Lebanon’s Central Bank governor said Thursday that depositors can go back to withdrawing money from…
Bahrain may tap international debt market in second half of 2021
Bahrain has started talks with banks over a potential international debt sale in the second half of this year, Bloomberg…
Commercial Bank offers to acquire additional percentage of issued capital of NBO
The Commercial Bank yesterday announced an offer to all of the shareholders of the National Bank of Oman to acquire…
Bank of Sharjah accumulated losses at Dh182m by end 2020 on Lebanon exposure
Bank of Sharjah had accumulated losses of Dh182.15 million as of end last year, principally brought on by regulatory requirements…
QNB, VTB Capital in deal to launch Qatar, Russia funds to attract foreign capital
QNB Group, the largest financial institution in the Middle East and Africa, and Moscow-based VTB Capital Investments, will launch a…
Over half of UAE workforce will not survive financially if hit by critical illness
Over half (57%) of UAE employees will not survive financially for three months in event of a critical illness after…
Strategy consultancies Oliver Wyman and BCG name CEOs
Global strategy consulting giants Oliver Wyman have in the past days named their new CEOs. Two of the world’s…
UAE focused on investments in facilities, services to meet global trade needs
The UAE is focused on the investment in facilities and services required to meet the needs of global trade and…
Saudi Arabia aims to raise $55bln from a privatization plan
Saudi Arabia is seeking to raise $55 billion from a privatization plan, the Kingdom’s finance minister said on Thursday. …
Turkey’s largest private bank chooses Commencis’ Dataroid platform to enhance the customer experience
Isbank has invested in a data analytics and action platform to create seamless customer journeys through its touchpoints. H. Mete…