by Asharq Al-Awsat English | Jun 6, 2017 | Business
Some trade banks in Saudi Arabia and the United Arab Emirates have halted transactions with Qatari banks in wake of the diplomatic row in the region, banking sources told Reuters on Tuesday. The Qatari currency has since come under pressure. Bahraini banks were also...
by Asharq Al-Awsat | Jan 24, 2017 | Business
Riyadh- Chairman of the Union of Arab Banks (UAB) Sheikh Mohammad Al-Jarrah Al-Sabah along with the rest of the body’s members agreed on awarding Samba’s Financial Group Chairman of Board of Directors Eisa Bin Mohammed AlEisa as “Arab Banker of the Year for...
by Taha Abed alWahed | May 22, 2016 | Business
Moscow- In a Noteworthy transformation, two of the largest Russian banks, one of which is Sberbank, will soon incorporate Islamic banking rules into their line of work, in a quick response to the invitation sent out by President of Tatarstan, a federal subject of...
by Asharq Al-Awsat English | Apr 23, 2016 | Middle East
Beirut- Economic experts in Lebanon warned of the Lebanese banking system collapsing, after the implementation of the U.S. congressional legislation in 2015. The edict prohibits dealing with the Lebanon-based Hezbollah and employs the effective shutdown of bank...
by Asharq Al-Awsat | Jan 5, 2016 | Latest News, Middle East
Lebanese sources described Hezbollah’s attack on an Israeli patrol, passing through the bordering Shebaa farms on Monday, as an attempt to mitigate pressure on Iran in light of Arab seclusion, after meddling into internal judicial affairs of Saudi Arabia, and...
