Banque du Liban issued a new circular on Tuesday limiting banks’ ability to increase banking fees and commissions at their own discretion. Circular No. 679 comes a few days after Bank of Beirut, one of the country’s largest banks before the crisis, wa…
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Kuwaiti official underlines intent on achieving pan-Arab economic industrial integration
Kuwait is intent on achieving full Arab economic and industrial integration through activating origin provision of cumulation in line with Greater Arab Free Trade Area, affirmed Industry Public Authority official, Dr. Abdullah Al-Hajeri on Tuesday.Al-H…
Qatar Chamber Takes Part in Meeting of Arab-Portuguese Chambers in Lisbon
Qatar Chamber (QC) participated in the annual meeting of Arab-Portuguese Chambers of Commerce and Industry held in Lisbon, Portugal.Member of the QCs Board of Directors, Eng. Ali Bin Abdullatif Al Misned, represented QC in the meeting, which discussed …
‘Made In Qatar’ is Important Tool for Promoting Qatari Industries MOCI Says
The Ministry of Commerce and Industry (MOCI) said that the ‘Made In Qatar’ exhibition is an important tool for promoting the Qatari industry and encouraging businessmen to direct their investments to the industrial sector.This came during the meeting o…
Al-Hakim stresses to the Turkish Ambassador the importance of strengthening commonalities and investing in promising opportunities.
Head of the National Wisdom Movement, Ammar Al-Hakim, stressed the importance of the development road as it is a strategic road linking the East with the West.During his meeting with the Turkish Ambassador to Iraq, Ali Riza Konay, according to a statem…
Kuwait Chamber of Commerce, British delegation discuss investment opportunities, partnership
Kuwait Chamber of Commerce and Industry organized Tuesday a meeting included Kuwaiti economic activities and a British delegation to discuss investment opportunities and commercial partnerships between the two sides.Dherar Al-Ghanim said the meeting in…
Kuwaiti oil barrel up USD 1.06 at USD 97.14
The price of Kuwaiti oil barrel rose USD 1.06 to reach USD 97.14 per barrel (pb) on Friday, compared to USD 96.08 on Thursday, according to Kuwait Petroleum Corporation (KPC) on Saturday.In international markets, Brent crude oil went down three cents …
Chinese Investors Briefed on Industrial, Mining Investment Opportunities in Saudi Arabia
The Saudi Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef met with Chinese investors in Shanghai, where they discussed investment opportunities available in the Kingdom in mining and industry.President of the Royal Commission for …
UAE, Armenia sign 4 MoUs during joint business forum in Yerevan
YEREVAN, 22nd September, 2023 (WAM) — Abdullah Mohamed Al Mazrouei, Chairman of the Federation of UAE Chambers of Commerce and Industry (FCCI) and Chairman of Abu Dhabi Chamber of Commerce and Industry, and Vahan Kerobyan, Armenia’s Minister of Econom…
AMLPC, Committees Discuss Enhancing Systems to Counter Money Laundering, Terrorist Financing
The Anti-Money Laundering Permanent Committee (AMLPC) hosted a coordination meeting with relevant Saudi permanent committees today to discuss enhancing systems of countering money laundering, finance of terrorism, and proliferation. The meeting was ch…
CBUAE maintains Base Rate at 5.40%
ABU DHABI, 20th September, 2023 (WAM) The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) without change at 5.40%, effective from Thursday, 21 September 2023. This decision was …
Oil Minister Discusses With The Governor Of Dhi Qar Cooperation And Joint Coordination To Support Oil Projects And Gas Investment In The Governorate
The Minister of Oil, Hayyan Abdul Ghani, discussed today, Wednesday, with the Governor of Dhi Qar, Muhammad Hadi, cooperation and joint coordination to support oil projects and gas investment in the governorate.The Ministry of Oil said in a statement,…