Middle-east Arab News Opinion | Asharq Al-awsat

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A Saudi man walks at the Tadawul Saudi Stock Exchange, in Riyadh, Saudi Arabia, Monday, June 15, 2015. Saudi Arabia’s stock market, valued at $585 billion, opened up to direct foreign investment for the first time Monday, as the kingdom seeks an economic boost amid low global oil prices. (AP Photo/Hasan Jamali)

Little Improvement in Saudi Banks

by Shuja Al-Baqmi | Jun 28, 2016 | Business

Riaydh – In a new development that reveals the strength of financial structure of Saudi banks, Saudi Arabian Monetary Agency (SAMA) issued its annual study which showed a little increase of 2% of deposits in local banks during 2015. Based on the study, the bank...

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Hezbollah Threatens Lebanese Banks With “Legal Obligation” Under Which Deposits Will be Withdrawn

by Asharq Al-Awsat | May 20, 2016 | Middle East

The Lebanese Hezbollah is challenging the repercussions of a US law targeting its finances by taking measures that have been described as harsh. According to available information, the group formed a “committee of financial and economic experts around ten days ago to...

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Secretary General of the Gulf Cooperation Council (GCC), Abdullatif al-Zayani takes part in the 126th session of the Supreme Council of the GCC Foreign Ministers on June 2, 2013 in the Saudi city of Jeddah. AFP PHOTO/STR

GCC to impose strict measures on Hezbollah members

by Fahd Al-Ziyabi, Huda Al-Saleh and Badr Al-Qahtani | Jun 12, 2013 | Middle East

Riyadh and London, Asharq Al-Awsat–Secretary-general of the Gulf Cooperation Council (GCC) Abdul Latif Bin Rashid Al-Zayani has told Asharq Al-Awsat that measures will be taken by the Gulf states against Hezbollah members following the movement’s intervention in...

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resident of the Islamic Development Bank Dr. Ahmed Mohamed Ali Al-Madani arrives for the Friends of Yemen ministerial meeting in London, Britain, 07 March 2013. (EPA/ANDY RAIN)

Islamic Development Bank president on Shari’a-compliant banking

by Fatah Al-Rahman Youssef | May 24, 2013 | Business

Riyadh, Asharq Al-Awsat—In an exclusive interview with Asharq Al-Awsat, Dr. Ahmad Mohamed Ali Al-Madani, president of the Islamic Development Bank (IDB), emphasized the need to draw up collective Islamic strategies to create a joint Islamic market, noting that the...

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A woman walking past a branch of the Bank of Cyprus branch in Nicosia, Cyprus 27 March 2013 as the country’s banks remain closed. (EPA/KATIA CHRISTODOULOU)

Lesson from Cyprus

by Ali Ibrahim | Mar 27, 2013 | Opinion

If, just a few years ago, someone had prophesied the current economic state of affairs, nobody would have believed them. It would have been unbelievable that an economic crisis could arise whereby a country would be forced to close its banks for over a week, ATM...