Saudi Egypt News Today

From the blog of James M. Dorsey at The Times of Israel

The Saudi Electricity Company (SEC) has announced signing an agreement to obtain a dollar-denominated $3 billion international syndicated facility from 15 leading international lenders.

The legal merger and launch of FAB’s new brand in Egypt come after obtaining all required regulatory approvals, including the final approval of the Central Bank of E...

The bank agreed to buy the Egyptian arm of Lebanon-based Bank Audi in January this year

"We will offer domestic investors a full range of world class post-trade solutions, with our direct MCDR connectivity at its core," said Kashif Darr, managing director & head of securities services. "We will also intermediate international capital flows into this strategic market, as part of our regional direct custody platform." Egypt is FABs fourth direct custody market within its Middle East network. The lender provides custody services in the UAE, Saudi Arabia, Oman, Bahrain, Lebanon and Eg...

The agreement is subject to further regulatory approvals in the UAE and Egypt, the statement added. Bank Audi said the proceeds from the sale will help improve its capitalisation and contribute to its financial resilience. It is also in line with directives from the Central Bank of Lebanon to Lebanese lenders to raise their capital by 20 per cent to ride out any liquidity issues amid a worsening economic crisis in the country. Lebanons banks could risk being shut out of the market if they do n...

Reoperatation of the refer gees. resettlement elsewhere is the second solution. whats happened is because of germanys agreement to take 800,000 refugees, 1% of germanys population, its like a soda straw pulling these people out of the refugee camps in turkey, which turkey is facilitating by getting them into the -- >> thats sort of at the end of the line. at the beginning of the line is these people left because they have got a situation where iran and assad and isis have made the conditions unb...

Reoperatation of the refer gees. resettlement elsewhere is the second solution. whats happened is because of germanys agreement to take 800,000 refugees, 1% of germanys population, its like a soda straw pulling these people out of the refugee camps in turkey, which turkey is facilitating by getting them into the -- >> thats sort of at the end of the line. at the beginning of the line is these people left because they have got a situation where iran and assad and isis have made the conditions unb...