International businesses caught in Qatar crossfire
International businesses are being caught in the crossfire of Qatar's dispute with its Arab neighbours as it delays shipments, lengthens…
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GIB Granted Retail Banking Licence in Bahrain
Gulf International Bank is pleased to announce that it has been granted a conventional retail banking licence in the Kingdom…
UAE 28th in the world for number of super-rich people
The United Arab Emirates is ranked 28th in the world and second in the Middle East in the number of…
Egypt borrows $200m from Afreximbank
Banque Misr, Egypt’s second largest state-run bank, signed yesterday a $200 million loan agreement with the African Export- Import Bank…
Qataris pocketed £1bn from Barclays bail out… yet shareholders are still nursing huge losses
A controversial rescue plan which has left Barclays facing a fraud trial may have netted £1 billion for Qatari investors,…
First-quarter figures show increase in money supply at Oman’s banks
The increase was supported by a 6.9% quarter-on-quarter (q-o-q) rise in government deposits to commercial banks between January and March,…
The mysterious (and continuing) fall in Saudi foreign reserves
Net foreign assets at Saudi Arabia’s central bank, a measure of its ability to support its currency, look set to…
Qatar riyal FX market in chaos but bankers believe peg still solid
Economic sanctions and poor liquidity have created chaos in the foreign exchange market for Qatari riyals, with the currency trading…
Credit Bank fire-caused losses more than USD 6 mln — director
Kuwait Credit Bank General Director Salah Al-Mudaf said on Wednesday losses inflicted at the news headquarters building due to the…
Foreign exchanges in many countries are refusing Qatari riyals
Many banks and foreign exchange companies outside of Qatar are now refusing to buy Qatari riyals, Doha News has learned.…
Kuwait's KFH honors Imams at the state's Grand Mosque
Kuwait Finance House honored the Imams and Quran reciters of the State’s Grand Mosque in recognition of their role in…
Qatar riyal FX market in chaos but bankers believe peg still solid
Economic sanctions and poor liquidity have created chaos in the foreign exchange market for Qatari riyals, with the currency trading…