Algeria

EBRD Assessing Iraq Membership, Algeria Membership Approved
24/09/2020 08:54 GMT

The European Bank for Reconstruction and Development (EBRD) is assessing a request from Iraq to become a member of the multilateral financial institution, the bank’s acting president said. Iraq, an... More


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Bahrain

Bahrain Association of Banks Confirms Banks' Readiness to Defer Loan Installments
24/09/2020 05:19 GMT

In response to the royal directives, the Bahrain Cabinet and the Central Bank of Bahrain, and an appreciation of the exceptional efforts made by the esteemed government in providing all support to... More


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Egypt

Interest Rates Drop in Egypt
27/09/2020 09:57 GMT

Egypt’s central bank unexpectedly cut its main overnight interest rates by 50 basis points on Thursday, saying exceptionally low inflation gave it room to help boost the economy. The bank’s Monetary... More


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Iran

Iranians Buy 20% of 1st Refining Fund
27/09/2020 08:44 GMT

The director of the first refining fund Davoud Razzaghi said that so far around 4 million people have purchased units of the fund worth over IRR 130,000 billion (US$448.3 million). That is, more than... More


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Iraq

Kurds Deny Responsibility for Iraq's OPEC Noncompliance
27/09/2020 10:41 GMT

The Kurdistan Regional Government on Sept. 24 hit back against allegations from Iraq's finance minister that rampant oil smuggling in the semiautonomous region was contributing to the country's... More


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Kuwait

Coronavirus Cases in Kuwait Surpass 100,000 Mark
24/09/2020 07:46 GMT

Kuwait’s overall new coronavirus infections has surpassed the 100,000 mark, the Health Ministry has confirmed. The country recorded 719 new cases of the virus over the past 24 hours, taking the... More


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Libya

Libya Ships Crude Cargo Out of Marsa el-Hariga
27/09/2020 05:33 GMT

A tanker carrying 1 million barrels of Libya's light sweet Sarir crude has left the port of Marsa el Hariga, shipping sources and tracking data showed Sept. 25, marking the first export out of the... More


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Oman

Agreement Signed to Support Research & Innovation in Oman
27/09/2020 10:54 GMT

The Ministry of Higher Education, Research and Innovation signed a cooperation programwith the Public Establishment for Industrial Estates (Madayn) to boost cooperation between the Ministry and... More


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Qatar

Qatari Regulatory Authority Imposes Fine on Takaful International Company
27/09/2020 09:46 GMT

The QFC Regulatory Authority announced that it had imposed a financial penalty of QR 728,000 (~US$197,600) on Takaful International Company (Takaful). Takaful was authorized as an insurer in the... More


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Saudi Arabia

KSA to Host Virtual G20 Meeting on Oil Markets
27/09/2020 09:12 GMT

Energy ministers from the G20 countries under the presidency of the Kingdom of Saudi Arabia (KSA) will meet virtually on Sunday to discuss volatile oil markets and plans for a “green” recovery from... More


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UAE

UAE Central Bank Backs Anti-Money Laundering
27/09/2020 09:45 GMT

The UAE central bank has said that banks should increase anti-money laundering efforts to safeguard financial stability in the country. “To mitigate the risk of financial crimes . . . banks are urged... More


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Yemen

Yemeni Houthis: Important Target Attacked in Riyadh
10/09/2020 10:28 GMT

Yemen’s Houthis carried out an attack on an “important target” in the Saudi capital Riyadh using a ballistic missile and four drones, a spokesman for the group said on Twitter on Thursday. Elsewhere... More


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General News

Kurds Deny Responsibility for Iraq's OPEC Noncompliance
27/09/2020 10:41 GMT

The Kurdistan Regional Government on Sept. 24 hit back against allegations from Iraq's finance minister that rampant oil smuggling in the semiautonomous region was contributing to the country's... More


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