Capital, Technical Restrictions on Money Exchange Offices in Saudi Arabia
The Saudi Arabian Monetary Authority- the Central Bank of Saudi Arabia – has imposed capital and technical restrictions on money…
Trading, Broking & Stock Exchanges
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Buna Payment Platform To Include Saudi Riyal
The Arab Monetary Fund had announced the inclusion of the Saudi Riyal along with the US Dollar and Euro among…
BNP Paribas bullish on equities despite global growth concerns
As stock market indices in the US hit all-time highs, and despite global economic growth slowing down, BNP Paribas says…
Bahraini investments in Egypt amount to $3.2bln
The value of Bahraini investments in 216 projects in Egypt has reached $3.2 billion, Egyptian trade and industry minister Neven…
Turkish bank probe ‘casts wide net over trading in financial sector’
Turkish competition officials made surprise visits to several private, state and foreign banks late on Friday to analyse computers as…
Bank ABC Named Best Trade Finance Provider in Bahrain by Global Finance Magazine
Bank ABC has won the Best Trade Finance Provider in Bahrain award for the year 2020 by the New York…
CBO issues treasury bills worth OMR65 million
Oman’s central bank raised OMR65 million by way of allotting treasury bills on Tuesday. The treasury bills are for a…
UAE Cabinet approves draft law amending nation's Federal Agency Law
The UAE Cabinet has a approved a draft law amending provisions within the nation's Federal Law No. 18 of 1981,…
Foreign investments in UAE stock markets rise to five-year high
Net investments of non-Arab foreign investors in the UAE’s financial markets rose to AED12.5 billion ($3.4 billion) in 2019, the…
Egypt’s Sovereign Wealth Fund sign MoU
Egypt’s Sovereign Wealth Fund and Hassan Allam Holding -a construction and engineering group- announced on Wednesday their signing of a…
Saudi Q4 earnings outlook for equities, petrochem, banks and F&B
Financial earnings of Saudi Arabia’s listed companies are expected to be mixed with large cap stocks expected to lead the…
HSBC voted leading trade finance bank in Bahrain
HSBC has been voted as the leading trade finance bank in Bahrain in the 2020 Euromoney trade finance survey. …