Middle-east Arab News Opinion | Asharq Al-awsat

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A soldier checks a car at the gate of the Central Bank of Yemen in Sana’a May 5, 2014. Reuters

Yemen’s Finance Ministry: ‘Government Sector Salaries were Handed Over in Sana’a via Specific Banks’

by Nayef Al-Rasheed | Jul 17, 2017 | Middle East

Riyadh- Yemen’s Deputy Minister of Finance Dr. Mansour al-Butani confirmed that the legitimate government has paid the salaries of a number of the administrative staff in Sana’a and Taiz. On the reasons why salaries of public employees have been delayed, Butani told...

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A man wearing traditional Qatari clothing on a beachfront opposite high-rise buildings under construction on the man-made peninsula called The Pearl in 2010 in Doha. (Sean Gallup / Getty)

Qatar’s Real Estate Sector Heads towards Downfall Amid Investors’ Concerns

by Said Al-Abyad | Jun 23, 2017 | Middle East

Jeddah– Qatar’s deteriorating economic situation and the decline of the banks’ performance have had a negative impact on the real estate sector, as the sales and mortgage size has decreased by 30 percent, according to specialized experts. This decrease is likely to...

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A man walks past a branch of Qatar National Bank (QNB) in Riyadh, Saudi Arabia, June 5, 2017. REUTERS/Faisal Al Nasser

Qatari Banks to Undergo Short-Term Deposit’ Drying up

by Fatah Al-Rahman Youssef | Jun 13, 2017 | Business

Riyadh – Economists expect Qatari banks to undergo their toughest stage in the coming days and to enter the phase of international institutions’ short-term deposits drying up amid the rise of Qatar interest rate index, knowing that the lending cost is the...

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SAMA Governor Dr. Ahmed al-Kholifey Ahmed al-Kholifey (left); Chief Business Officer & Executive General Manager at QNB Abdulla Mubarak Al Khalifa (centre); and QNB Group Chief Executive Ali Ahmed al-Kuwari attending the inauguration of QNB’s branch in Riyadh, yesterday.

KSA Considers 3 Foreign Bank Requests to Operate in Local Market

by Shuja Al-Baqmi | May 5, 2017 | Business

Riyadh- Saudi Arabia is considering through Saudi Arabian Monetary Authority (SAMA) requests of three foreign banks showing interest in entering the local market amidst the current economic reforms taking place in the kingdom. SAMA Governor Dr. Ahmed al-Kholifey said...

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The Bank of England is seen in the City of London August 7, 2013. REUTERS/Toby Melville

Bank of England Libor Scandal

by Ahmad Al-Ghamrawi | Apr 11, 2017 | Business

Cairo – Amid the tough times Britain has to face, British Broadcasting Company (BBC) published secret recording that implicates the Bank of England (BoE) in Libor rigging. The recordings date back to 2008 and show that the central bank pressured commercial banks...