Wednesday 17 September 2014
 
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deposit

Qatar to set up deposit insurance

Qatar regulators will establish a deposit insurance framework that will include a sharia-compliant scheme, one of several reforms aimed at modernising the financial sector of the world's top exporter of liquefied natural gas.

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Egypt returns $500m deposit to Qatar

Egypt returned a $500 million deposit to Qatar at the start of November after Qatar refused to renew it upon its maturity, a central bank official told Reuters on Monday. The central bank expects to return a further $500 million i

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Egypt gets $3bn Qatari fund at 3.5pc

Egypt received a $3 billion deposit from Qatar on Thursday, a central bank official said on Sunday, shoring up finances hit by economic turmoil since a popular uprising that toppled the government two years ago. The funds will rem

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Egypt gets $3bn Qatari fund at 3.5pc

Egypt received a $3 billion deposit from Qatar on Thursday, a central bank official said on Sunday, shoring up finances hit by economic turmoil since a popular uprising that toppled the government two years ago. The funds will rem

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Bahrain mulls deposit for holding rallies

Organisers of public demonstrations in Bahrain could soon have to pay deposits of up to BD20,000 ($52,750) for permission to stage them in an attempt to prevent them from turning violent, a report said. MPS yesterday unanimously a

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Egypt mulls deposit operations, cancels repos

Egypt's central bank said on Monday it intended to reintroduce deposit operations as a way to absorb excess liquidity, starting on Tuesday, in a monetary tightening move that economists said could help fight inflation and support a weakening

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Euro zone call notes reveal alarm over Cyprus

  Euro zone finance officials acknowledged being "in a mess" over Cyprus during a conference call on Wednesday and discussed imposing capital controls to insulate the region from a possible collapse of the Cypriot econo

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KIB launches new deposit scheme

Kuwait International Bank (KIB) said it has launched a new sharia’a compliant deposit scheme which offers its Al Dawli customers a major opportunity to net higher returns. The new product, Al-Baraka investment deposit comes

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Kuwait credit gains up 5.5pc in August

August was another strong month for credit growth in Kuwait as the country posted its strongest monthly credit gain in over three years with a 5.5 per cent year-on-year (y/y) growth, according to a report. Lending to businesses is

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Dollar deposits blow for Argentine banks

Argentine banks lost more than five per cent of their dollar deposits in the week to June 8 as stringent government controls on buying foreign currency unnerved depositors and prompted them to withdraw savings, central bank data showed. Pr

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