KUWAIT: Nomo Bank, the digital arm of the Bank of London and the Middle East “BLME”, a subsidiary of Boubyan Bank Group, announced its new competitive finance rates for GCC customers. This comes in an …
Lebanon hopes to meet foreign bondholders in coming year, finance minister says
Lebanese officials hope to meet international bondholders to talk about restructuring debt in the next 12 months but are not planning any meetings at the World Bank/IMF Spring meetings next week, …
Fact Check: Malaysia photographer’s family snap misrepresented as UK migrants suing government
A years-old photo of a family gathered for Eid in Malaysia has been baselessly claimed online to show a migrant family in Britain who want to sue the government for not providing adequate housing.
Kazakhstan tightens regulations for banks
Kazakhstan will introduce principles of responsible lending to help prevent people from falling into unmanageable debt, according to the Agency for Regulation and Development of the Financial Market.
Iraq to Cut Oil Price in Federal Budget Amid Plummeting Market
Iraq, OPEC’s second-largest producer, plans to cut its oil-price assumption in the federal budget after the market plunged.
‘The Trump administration can’t ignore Boeing,’ BofA says after China reportedly halts imports from the U.S. aircraft manufacturer
China reportedly asked its airlines to halt Boeing orders, which has put the aircraft manufacturer in the middle of the U.S.’s trade war with China. Boeing, a major U.S. company, relies heavily on …
Turkey posts March budget deficit of 261.5 billion lira
Turkey recorded a budget shortfall of 261.5 billion lira (approximately $6.87 billion) in March, according to a statement released by the Treasury and Finance Ministry on Tuesday. The ministry also …
U.S.’ inability to replace rare earths supply from China poses a threat to its defense, warns CSIS
As China imposes export controls on rare earth elements, the U.S. would be unable to fill a potential shortfall, according to the Center for Strategic and International Studies — and this could …
India’s ICICI Lombard posts surprise profit drop on surge in claims, accounting change
India’s ICICI Lombard General Insurance reported a surprise drop in fourth-quarter profit on Tuesday, hurt by a jump in claims paid.
Sir Jackie Stewart Laps Bahrain in His 1973 Tyrrell, But His Helmet Steals the Show
Formula 1 legend Sir Jackie Stewart drove the Tyrell 006 race car he drove in 1973 to his third F1 driver’s championship. He wore a helmet signed by every living F1 world champ, which will be …