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The loan aims at enhancing financial inclusion, developing payment and settlement systems. (Shutterstock)

February 15th, 2019 - 08:50 GMT

$96 Million Loan to Support Jordan's Banking Sector

The government and the Arab Monetary Fund (AMF) on Thursday signed a loan agreement for 23 million Arab accounting dinars, equivalent to $96 million.

Standard Chartered said in its report on Lebanon that it expects GDP growth to pick up marginally to 1.5 percent in 2017, from an estimated 1 percent in 2016. (AFP/File)

April 16th, 2017 - 01:32 GMT

Lebanon's political scene is changing, so is its economy

Moody’s anticipate a mild real GDP shrinkage of 0.2 percent in 2017 due to lower oil production. (Pixabay)

April 2nd, 2017 - 11:17 GMT

Saudi Arabia’s fiscal position remains strong: Moody's

Barclays, Byblos Bank, Societe Generale de Banque au Liban and JPMorgan will co-manage the eurobonds issuance. (World Finance)

March 12th, 2017 - 11:00 GMT

Lebanon appoints four banks for $1.5B eurobond issue

There are still many unanswered questions about the revenue sharing and other issues related to oil and gas. (Shutterstock)

March 9th, 2017 - 07:00 GMT

Lebanon's lawmakers pledge to grant oil and gas contracts by end 2017

Aoun met Ferid Belhaj, World Bank director for the Middle East, and a delegation from the World Bank (The Daily Star/Dalati Nohra)

March 8th, 2017 - 08:00 GMT

World Bank to increase funds to Lebanon

Suhaimi, who became the first female chief executive of a Saudi investment bank when she took that post at NCB Capital in 2014, is one of only a few women with a top job in Saudi finance. (AFP/File)

February 20th, 2017 - 05:00 GMT

Saudi Arabia's Stock Exchange to Be Chaired by Sarah Al-Suhaimi

The IMF has urged the Lebanese government to look for new alternatives to reduce the mounting public debt. (File photo)

February 16th, 2017 - 06:52 GMT

Lebanon: Proposal to raise taxes met with opposition

Lebanon’s banking sector is seen as the backbone of the country’s economy and the assets held by the lenders are more three times the size of economy. (AFP/File)

January 30th, 2017 - 08:00 GMT

Lebanon's big savers: Half of customer deposits held by less than one percent of depositors

In April of 2016, Saudi Arabia said it was considering a US-style green card system to help reduce remittances. (File photo)

January 23rd, 2017 - 08:30 GMT

Saudi Arabia denies levy on expat remittances

Thousands of importers have been caught out by the float, facing ballooning dollar debts after they had opened dollar credit-lines with banks. (AFP/Patrick Baz)

January 18th, 2017 - 09:00 GMT

Egypt to adjust customs dollar exchange rate to help struggling importers

The underwriting applications for the bonds reached around $4 billion, or 400 per cent of the issuance value.(Shutterstock)

October 26th, 2016 - 08:00 GMT

Jordan's billion-dollar Eurobond issue garners mixed reactions

$180 million in revenue is expected to come from cigarette taxes alone in a new bid to modernize Egypt's hospitals. (Shutterstock)

September 24th, 2016 - 07:31 GMT

Egypt to use cigarette taxes to fund universal health care