mena49 minutes ago
“Although significant, the exposure must be put into the context of a system with equity of about $50 billion,” Singapore-based analyst Victor Lohle said in an e-mailed report today. “We expect most of the banks’ financial profiles to remain sound.”
International and regional banks are suing the Al Khobar-based Saudi groups for assets after both groups missed payments due from their Bahraini-based banking units, which are now under the administration of the central bank. Court cases are also taking place between the two groups after the Algosaibi group claimed in a May 22 New York filing that Maan al-Sanea, the owner of Saad Group, used ‘falsified documents’ to obtain $10 billion.
mena49 minutes ago
The 6 zones can be explored either on foot or via a shuttle train, each presenting close-up encounters with wildlife
uae attractions1 hour ago
England won the Cricket World Cup in 2019 and the world T20 title in 2022, but things have not gone smoothly in either limited-overs format since
cricket1 hour ago
The amount of land devoted to pistachio trees in Spain has jumped nearly five-fold since 2017 to 195,000 acres in 2024, according to agriculture ministry figures
europe1 hour ago
Britain has battled back against attacks involving corrosive substances after they spiked in the middle of the last decade
europe1 hour ago
Over 50 designers from around the world are set to present their collections across various categories
kt network1 hour ago
Experts say authorities did not prepare adequately for the disaster despite forecasts of intense storms
world1 hour ago
Fear of a new migrant wave mounts as Israeli paratroopers, commandos and armoured units launch raids at the start of an invasion into south Lebanon
mena1 hour ago