Bahrain’s High Criminal Court requested five years in prison for five officials of a local bank suspected for involvement in a money laundering case in connection with three Iranian banks. The officials from Future Bank are also fined a million Bahraini dinars ($2.65 million) each. The court ordered the confiscation of the funds transferred by […]
French-Tunisian businessman Mohamed Ayachi Ajroudi poised to buy French iconic football club Olympic de Marseille (0M) Tuesday said he was not operating on behalf of any investors from the Gulf. Ajroudi has made for himself in France after together with another French businessman and sports manager Mourad Boudjella presented to the public their project to […]
A Turkish court has maintained in detention three journalists facing prison sentences for revealing the identity of state spy agents who died in Libya where Ankara backs militarily the Government of National Accord (GNA). The reporters have been detained since early March pending trial. One of them, Murat Agirel of the Yenicag newspaper said in […]
Oman ruler, sultan Haitham Bin Tarik, has ordered the country’s financial institutions to provide interest-free loans to Small and Medium Size companies as well as individual entrepreneurs whose businesses have been affected by the covid-19 pandemic. The program according to the ruler’s orders targets more holders of Riyada Card (for small and medium enterprises) and […]
Dubai’s largest bank Emirates NBD Tuesday laid off 800 employees as the institution launches adjustment plan to navigate impacts of the covid-19 pandemic. A spokesperson for the bank told The Khaleej Times the decision comes as result of the impacts of the pandemic on the economy, financial services sector and the lender itself. “Unfortunately, this […]
One month after issuing a draft resolution, the European Union has removed Tunisia from its list of countries that pose threats to the financial system over money laundering and terrorism financing because of lack of legislation at home. The European Commission last month drafted a new list minus several countries including Tunisia. The list was […]
Egypt Thursday said foreign tourists can return to main seaside resorts from July 1 as the North African country tries to relaunch the sector significantly affected by the covid-19 pandemic. International flights will resume to southern Sinai, where the resorts of Sharm el-Sheikh and Dahab are located, Red Sea province, home to the Hurghada and […]
The Algeria President Tuesday renamed the Algerian army’s headquarters after late Chief of State Gen. Ahmed Gaïd Salah who forced former leader Abdelaziz Bouteflika to step down in April last year and led the country until the presidential election in December. A statement by the Ministry of Defense said the renaming is in recognition of […]
Six people were killed on Wednesday in a gunfire battle that opposed two families in the southern part of Saudi Arabia. “Security authorities received a report of shooting between a number of people in Al-Amoah province,” the official SPA news agency reported citing Zaid Muhammad al-Sabbash, a spokesman for Aseer region’s police. Three other people […]
The wife of Qatari royal Sheikh Talal Al Thani held in prison for seven year, has called for the release of her husband amid covid-19 pandemic spread in the Gulf country. Asma Rayyam said her husband been unjustly and without charges held in prison where she believes his life is under threat over the spread […]