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banking

Wall Street giants have billions of dollars under threat as US-China tensions mount

Thursday, 28 May 2020

Wall Street giants such as Goldman Sachs Group Inc. and JPMorgan Chase & Co. have tens of billions ......

Egypt’s Commercial International Bank stockpiling cash for post-coronavirus

Tuesday, 19 May 2020

Egypt’s largest private lender is amassing cash so it will be able to consider dividend payouts at ......

Lebanon central bank could ease withdrawal limits on more accounts: Government source

Friday, 17 April 2020

Lebanon’s central bank could ease withdrawals for medium-sized, dollar-denominated accounts of over ......

Lebanese banks set new exchange rate for small accounts, central bank source says

Monday, 06 April 2020

Lebanese banks are to apply an exchange rate of 2,600 pounds per dollar for withdrawals from small ......

Lebanon banks to shut until March 29 due to coronavirus

Monday, 16 March 2020

Bank branches in Lebanon will close from March 17-29 for the safety of employees during the ......

‘Powerful and timely’ global response to coronavirus in works: Bank of England

Tuesday, 03 March 2020

Bank of England Governor Mark Carney said policymakers around the world were working on a ......

Emirates NBD announces net profit up 44 pct for 2019 to $3.95 billion

Monday, 27 January 2020

Emirates NBD, Dubai’s biggest bank and the second largest in the UAE, revealed on Monday that ......

Saudi, UAE banks will see jump in loan growth in 2020 as profit margins fall

Tuesday, 14 January 2020

While banks in Saudi Arabia and the United Arab Emirates can look forward to burgeoning loan growth ......

Egypt receives no request from Lebanon’s Bank Audi to sell Egyptian unit

Monday, 13 January 2020

Egypt’s central bank said in statement on Monday it had not received a request from ......

Saudi Arabia grants license to Bank of China to open branch

Tuesday, 07 January 2020

Saudi Arabia’s cabinet approved the Bank of China's request for a license to open a branch in ......

S&P Global Ratings lowers three Lebanese banks to ‘Selective Default’ status

Thursday, 19 December 2019

S&P Global Ratings has lowered its long-term issuer credit ratings on major Lebanese lenders ......

Biggest Saudi banks will be profitable despite low interest rates: Moody’s

Monday, 09 December 2019

National Commercial Bank (NCB), Al Rajhi Bank, and Saudi British Bank (SABB), the three largest ......

Lebanon’s banks will not participate in three-day strike

Wednesday, 27 November 2019

Lebanon’s banks will not join a three-day general strike slated to begin on Thursday, the ......

GCC banking outlook stable, underpinned by solid economic growth: Moody’s

Monday, 25 November 2019

Outlook for banks in the Gulf Cooperation Council (GCC) remains stable and is underpinned by solid ......

Bank ABC launches digital bank in Bahrain

Monday, 25 November 2019

Bank ABC launched on Sunday “ila,” a new Bahraini digital, mobile-only banking entity. ......

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