banking
FAB, Tabby to launch UAE’s buy-now-pay- later solution
September 28, 2020
First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has partnered with......
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Australia rolling back banking regulations to spur economy
September 28, 2020
Australia plans to roll back “responsible lending” laws adopted in the wake of the financial crisis in an effort to spur an economic......
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Dollar hits six-week highs, traders shun riskier currencies
September 23, 2020
The dollar rose on Tuesday to six-week highs, extending gains from the previous session, as markets turned risk-averse over a surge of virus cases......
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No change in Bank of Japan’s monetary policy as economy slowly reviving
September 19, 2020
Japan’s central bank on Thursday said it would maintain its ultra-loose monetary policy as the virus-hit economy gradually picks up, with no......
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Banks gave the least needy Central Bank interest-free loans
September 16, 2020
Figures published by the Central Bank (BDL) confirmed that banks have not properly complied with Circular 552 that required them to cover overdue......
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Salameh pledges to end Lebanon’s govt stand-off over IMF
September 14, 2020
Lebanon’s central bank governor Riad Salame has said he will “align” with the government in negotiations with the IMF, appearing......
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Lebanese banks under more pressure after landmark UK ruling
September 14, 2020
LONDON: An English High Court has ruled that Lebanese citizens living in the EU do not have to be in Lebanon to sue their banks. The case could have......
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Business associations oppose Central Bank fund return ruling
September 13, 2020
The Association of Banks (ABL), Association of Industrialists (ALI), and the Beirut Traders Association (BTA) have each sent letters to the Central......
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IMF’s discussions with Lebanese authorities focused on audit of balance sheet of country’s central bank
September 12, 2020
The International Monetary Fund’s discussions with Lebanese authorities are focused on the need for an accounting and financial audit of the......
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Lebanese banks to exit Iraq over increasing compliance demands
September 9, 2020
BEIRUT: A number of Lebanese banks operating in Iraq have decided to shut down their operations in the country due to increasing compliance demands......
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