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Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities

In light of the extra precautions the Saudi government is taking to mitigate financial crimes, it is necessary to shed more light on the Banking Control Law. First, the law clearly states that no bank shall undertake any of the following actions: Granting a loan or extending credit facilities, issuing a guarantee, or incurring any other financial liability on the security of

BEIRUT: A Lebanese judge on Wednesday raided the offices of Mecattaf money exchange company in Awkar for a third time, a day after the Supreme Judicial Council referred her to the Judicial Inspection Authority (JIA). Judge Ghada Aoun, Mount Lebanon’s public prosecutor, was accompanied by supporters of the Free Patriotic Movement (FPM). She was previously dismissed from an investigation into possible breaches of currency export rules. “What is happening is a rebellion that will duly be dealt with,” a judicial source told Arab News. Other sources revealed that the head of the JIA, Judge ...

Share: With country’s finances in shambles, prosecutors allege Riad Salameh failed to ensure foreign currency reserves were used for intended purposes. Demonstrators carry Lebanese flags and a poster depicting Lebanon’s central bank governor, Riad Salameh, in the southern city of Tyre [File: Aziz Taher/AP] Beirut, Lebanon – An investigative judge was set to question the governor of Lebanon’s central bank and others on Monday on charges of dereliction of duty and breach of trust. Riad Salameh, governor of Lebanon’s central bank since 1993, has come under increased scrutiny for his m...