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Banks and remittance centers fully operational from Sunday
All banks and remittance centers are scheduled to be fully operational from Sunday, according to the Saudi Arabian Monetary Authority (SAMA). The Kingdom's central bank added that all business is set to resume at the general administrations
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National Bank of Oman reported a 21 percent drop
National Bank of Oman reported a 21 per cent drop in its first-quarter net profit as operating income fell amid the coronavirus pandemic. Net profit for the three months ending March 31 declined to 9.8 million Omani rials (Dh93.60m), the lender
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Bank Muscat supports Fak Kurba to secure release of 220 debtors
Muscat- Bank Muscat has extended support for the second consecutive year to the 'Fak Kurba' initiative launched by the Omani Lawyers Association (OLA). This initiative will help secure the release of citizens who have been jailed for
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Saudi Arabia fines 16 banks, including UAE bank
Saudi Arabia's central bank on Sunday fined 16 banks, including a UAE bank and a portion of Kingdom's biggest banks, for damaging its laws
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Dubai scraps bank guarantees required to set up tourism companies
Dubai will postpone bank ensures required to set up the travel industry organizations as the emirate looks to bring down the expense of working
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In surprise move, World Bank president to quit by February
WASHINGTON: Jim Yong Kim, the leader of the World Bank who was inconsistent with the Trump organizations strategy on environmental change, declared
Read MoreSharjah Finance Department Cooperate With Sharjah Islamic Bank to Facilitate Payment Services
Sharjah Finance Department signed yesterday on Monday, an agreement with Sharjah Islamic Bank to cooperate in banking services to be provided to clients of both sides, in the context of Making the payment service easier to the clients and enabling
Read MoreLubna Al Olayan becomes first woman appointed as head of Saudi bank
A woman has been appointed to run a Saudi Arabian bank in a first for women in the country. Saudi businesswoman Lubna Al Olayan will chair a new bank being formed out of a merger between the Saudi British Bank (SABB) and Alawwal Bank.
Read MoreRevealed: Top 10 banks in Saudi
Things have been on the up for the GCC’s banks, which collectively recorded a better year in 2017 despite slowing economic growth in the region as a whole. Banking activity was supported by a higher oil price and continued infrastructure
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