Friday, September 25, 2020

Israeli business delegations led by banks Hapoalim, Leumi to visit UAE

TEL AVIV, Sept 6 (Reuters) - The heads of Israel's two biggest banks will travel to the United Arab Emirates (UAE) this month, the...

UAE cabinet restructures Emirates Development Bank board

DUBAI, Sept 5 (Reuters) - The cabinet of the United Arab Emirates issued a decision on Saturday to restructure Emirates Development Bank's (EDB) board...

Kuwait’s finance minister submits resignation

DUBAI (Reuters) - Kuwait's Finance Minister Barak Ali Al-Shitan has submitted his resignation to the prime minister, state news agency KUNA said. The minister has...

Lebanese banks that can’t increase capital must leave market

BEIRUT (Reuters) - Lebanese banks that cannot increase their capital by 20% by the end of February 2021 will have to get out of...

France warns Lebanon risks collapse after explosion, crisis

BEIRUT (AP) — Lebanon is in such a deep political and economic crisis the country risks collapsing altogether, France’s foreign minister said Thursday, ahead...

Lebanese c.bank says can’t use obligatory reserve to finance trade

BEIRUT (Reuters) - The Lebanese central bank cannot use its obligatory reserve to finance trade once it reaches its minimum threshold, governor Riad Salameh...

Emirates and Etihad airlines ask crew to take more unpaid leave

DUBAI, Aug 25 (Reuters) - Middle East airlines Emirates and Etihad Airways have again asked cabin crew to take unpaid leave as they try...

Asia stocks rise, spurred by hopes for COVID treatment

TOKYO (AP) — Asian shares were mostly higher Tuesday as investors hung onto hopes the coronavirus pandemic may come under control with treatments being...

Bahrain raises debt ceiling to 15 bln dinars to finance public spending

DUBAI (Reuters) - Bahrain's government has raised its debt ceiling to 15 billion dinars ($39.79 billion) from 13 billion dinars to help finance public...

Saudi energy ministry to assist development of mega economic zone Neom

DUBAI (Reuters) - Saudi Arabia's energy ministry is to offer assistance so that Neom, a $500 billion high-tech development that includes tourism and sport...

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