Middle-east Arab News Opinion | Asharq Al-awsat

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The euro sign landmark is seen at the headquarters (R) of the European Central Bank (ECB) in Frankfurt September 2, 2013. REUTERS/Kai Pfaffenbach/Files

$1 Trillion Bad Loan Mountain Casts Shadow over Europe

by Asharq Al-Awsat | Oct 14, 2017 | Business

Berlin- German and French banks have together amassed almost 230 billion euros ($272 billion) of bad loans, according to regulators’ data, underscoring the scale of a problem often linked solely to Italy that is now causing worry across the region. The tally puts the...

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Saudi Arabia’s central bank governor Ahmed Al-Kholifey gestures during a news conference in Riyadh on Wednesday, Photo taken by : Saad al-Anzi, Asharq Al-Awsat

Saudi Arabia Studies Issuing Three Banking Licenses, Establishing a Digital Currency

by Nayef Al-Rasheed | Oct 5, 2017 | Business

Riyadh – The Saudi Arabian Monetary Agency (SAMA) expected positive growth rates for the Saudi economy over the upcoming period, confirming that the national economy achieved a 1.7% growth so far, compared to last year’s 3.5%. SAMA’s report highlighted the...

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Swiss Franc and Euro banknotes of several values lie on a table in a Swiss bank in Bern. Photo: Reuters

Up to 70 Swiss Private Banks Fighting for Survival

by Asharq Al-Awsat | Sep 9, 2017 | Business

London- Some 60 to 70 Swiss private banks are facing serious problems that could force them to close down or sell up, according to a study published by consultancy KPMG. Fighting diminishing profits caused by fierce competition and a global clampdown on tax evasion,...

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A man walks past a branch of Qatar National Bank (QNB) in Riyadh, Saudi Arabia, June 5, 2017. Reuters

Qatari Banking Institutions Cut Spending as Precaution against Risks

by Sa'ed Al-Abyadh | Jul 18, 2017 | Business

Jeddah- Qatar’s intransigence, rejection of all the political moves taking place to settle the dispute and the implementation of the 13 demands of the four boycotting countries is putting pressure on Doha’s local economic situation, which depends on implementing many...

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Public sector employees crowd at a post office to receive their salaries in Sanaa, Yemen January 25, 2017. Picture taken January 25, 2017. REUTERS/Khaled Abdullah

Gang Arrested for Robbing Bank in Aden

by Asma Al-Ghabiri | Jul 18, 2017 | Middle East

Jeddah- The banking sector in the temporary capital of Yemen, Aden, has decided to reopen its doors and stop the strike it has earlier started on Sunday as banks called on the government to provide necessary security protection for them. The resumption of work in the...