Saudi, UAE banks hold off on Qatar deals
A man walks past a branch of Qatar National Bank
Dubai - Arab Today
Some Saudi Arabian and United Arab Emirates commercial banks are holding off on doing business with Qatari banks, such as letters of credit, because of the diplomatic rift in the region, banking sources told Reuters on Tuesday.
They said the banks, which declined to be named, were delaying deals until they received guidance from their central banks on how to handle business with Qatar.
They also said the UAE central bank had asked banks in the country to detail their exposure to Qatari banks, and that the Bahrain central bank had taken a similar step, setting a Thursday deadline to obtain the information.
The UAE central bank did not respond to a request for comment and Bahraini central bank officials could not immediately be contacted for comment.
Saudi Arabia, Egypt, the United Arab Emirates and Bahrain severed air, sea and land transport links with Doha on Monday, accusing it of supporting terrorism.
Source: Arab News
- Friday ,16 November GMT 15:05 2018 World Bank Regional Vice President First Visit to West Bank and Gaza
GMT 14:08 2018 Friday ,14 December
Bank of Russia raises key rateGMT 13:23 2018 Thursday ,13 December
Philippine central bank holds overnight borrowing rate steadyGMT 11:33 2018 Tuesday ,11 December
Top EU court backs legality of ECB bond buyingGMT 20:46 2018 Wednesday ,05 December
World Bank funds water projects in North Kordofan StateGMT 15:06 2018 Friday ,30 November
Egypt, World Bank seek cooperation in solid waste recyclingGMT 12:21 2018 Wednesday ,28 November
BisB silver partner of World Islamic Banking ConferenceGMT 09:19 2018 Thursday ,22 November
AIIB Jin Liqun praises Suez Canal projectsGMT 15:05 2018 Friday ,16 November
World Bank Regional Vice President First Visit to West Bank and Gaza
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 15:34 2016 Wednesday ,12 October
CEO: Saudi Aramco ‘optimistic’ 2018 right time for IPO
GMT 10:52 2017 Wednesday ,18 January
Clocks 'failed' onboard Europe's navigation satellites
GMT 23:15 2017 Sunday ,17 December
Mohamed bin Zayed receives President of Montenegro
GMT 11:54 2017 Sunday ,12 November
Nawaz Sharif holds meeting at Jati Umra
GMT 12:39 2015 Monday ,02 November
Egypt's ties with Nile basin states Sisi's top priority
GMT 00:01 2017 Tuesday ,22 August
Hard-right AfD party wants Germany First asylum policy
GMT 04:54 2017 Saturday ,14 October
Syrians should decide Assad's fate: UN envoy
GMT 00:13 2017 Thursday ,23 November
President expresses grief over martyrdom of Maj. Ishaq
GMT 10:11 2017 Wednesday ,18 October
Venezuela poll results a 'strong message' to US, allies
GMT 13:20 2017 Sunday ,19 February
Actor Bassam Ali rejects works violating ethics
GMT 13:06 2017 Wednesday ,22 February
Super Rugby has plenty to tackle in 2017
GMT 08:49 2017 Thursday ,26 October
Second-largest petroleum exporter to the United States after Canada
GMT 15:03 2017 Saturday ,11 March
Iraqi forces storm Old Mosul from 3 axis
GMT 20:56 2017 Sunday ,05 March
Iraq ranked first in Istanbul International Festival of Inventions
GMT 12:35 2017 Wednesday ,29 March
Municipality Ministry Participates in GCC Meeting on Drafting Work Strategy
GMT 15:55 2017 Tuesday ,25 July
Morocco’s coach underlines difficulty
GMT 10:49 2016 Saturday ,03 December
Australia's Maxwell fined for 'disrespectful' teammate
GMT 12:58 2017 Sunday ,27 August
Consumers warned against random abattoirs
GMT 12:01 2017 Tuesday ,21 February
Sri Lankan 'Eddie the Eagle' takes snowboarding plunge
GMT 14:29 2017 Wednesday ,01 March
The Palestinian leadership and people mourn passing of British MP, KaufmanGMT 11:14 2012 Monday ,27 August
Myanmar readies for media defamation case
GMT 12:34 2015 Thursday ,27 August
'Fifty Shades of Grey' sequel lines up new director
GMT 17:45 2016 Monday ,05 September
Power outages and flooding as deadly storm Hermine strengthens in Mid Atlantic
GMT 06:28 2018 Sunday ,07 January
Golden Globes celebrate the year of the genre movie
GMT 12:39 2017 Friday ,10 March
Kidnappings blight war-scarred Kabul city
GMT 05:48 2018 Tuesday ,02 January
Kerber makes a fresh start in 2018 with Hopman Cup win
GMT 01:35 2016 Wednesday ,30 November
UN: Mosul's poor struggle to get food
GMT 09:23 2018 Monday ,01 January
Putin not to attend UN General Assembly
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor