Sign-up to receive email updates on the latest news and developments.
Sunday, April 28, 2024
Libya looks to Islamic banks to lure deposits
Ahmed Saeed, a Libyan poultry farmer, says he’s waiting for his country to open Islamic banks to deposit money for...
Read moreObama oil margin plan could increase price swings
President Barack Obama's bid to dampen the influence of oil speculators by having regulators set trading margins could backfire, potentially...
Read moreLibyan govt investigates fraud in payment of bonuses to ex-combatants
The Libyan government has set up a special commission to investigate cases of financial fraud within the army’s accounting department...
Read moreLibya pays JD50m to hotels, hospitals
The Libyan government has made a JD50 million payment on its outstanding debt to the Kingdom’s hospitals and hotels, officials...
Read moreTakaful premium rose 19 percent to $8.3bn led by GCC countries
The global Takaful contributions grew by 19 per cent to $8.3 billion in 2010 and of these, the Gulf Cooperation...
Read moreQatar buys into Libyan bank
Qatar's top bank has purchased a major stake in one of Libya's leading privately held financial institutions. The deal strengthens...
Read moreTatneft 2011 Net Profit Rises 31.7% to $2.06 Bln
Tatneft, Russia's sixth largest crude oil producer, saw 2011 net profit jump 31.7 percent year-on-year to 61.428 billion rubles ($2.06...
Read moreAbu Dhabi fund to take 2 seats on UniCredit board
Abu Dhabi investment vehicle Aabar, UniCredit's biggest single shareholder, will have two seats in the Italian bank's new, slimmed-down board,...
Read more