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British government loses court case on how to trigger Brexit INTERNATIONAL

British government loses court case on how to trigger Brexit

England's High Court ruled on Thursday that the British government requires parliamentary approval to trigger the process of exiting the European Union, a major upset for Prime Minister Theresa May's plans for Brexit.

4:45 AM November 25 2016
Qatar banks stay healthy, 80% of NPLs provisioned ECONOMY

Qatar banks stay healthy, 80% of NPLs provisioned

Qatar’s banks “remain healthy” overall as more than 80% of their non-performing loans are provisioned, the Qatar Central Bank has said in a recent report.

4:45 AM November 25 2016
British law firm sues MasterCard for £14bn over fees INTERNATIONAL

British law firm sues MasterCard for £14bn over fees

A British lawyer suing MasterCard for £14 billion (17 billion euros, $19 billion) over card charges accused the US financial giant on Friday of indirectly pushing up prices for all British consumers.

4:45 AM November 25 2016
Kuwait to tap foreign debt markets to finance deficit ECONOMY

Kuwait to tap foreign debt markets to finance deficit

Kuwait said Sunday it plans to tap the international debt market through bond issues to finance its budget deficit after recording a first shortfall in 16 years.

4:45 AM November 25 2016
Hackers divert $50mn in blow to virtual currency INTERNATIONAL

Hackers divert $50mn in blow to virtual currency

Hackers have diverted more than $50 million in digital currency from an experimental fund meant to demonstrate that such money is safe for use, according to the New York Times.

4:45 AM November 25 2016
QIB’s competitive auto financing deals ARABIA

QIB’s competitive auto financing deals

Qatar Islamic Bank (QIB) has once again partnered with major leading automotive dealers across Qatar to offer special financing packages on the purchase of new and used vehicles during the holy month of Ramadan.

4:45 AM November 25 2016
QIIB introduces special offers on vehicle and personal finance ARABIA

QIIB introduces special offers on vehicle and personal finance

QIIB has announced two special offers in relation to personal and vehicle finance to coincide with the holy month of Ramadan.

4:45 AM November 25 2016
Islamic finance discovering the charm of offshore jurisdictions ECONOMY

Islamic finance discovering the charm of offshore jurisdictions

Owing to the sometimes complex structure of Shariah-compliant finance vehicles, offshore jurisdictions have become increasingly popular with Islamic finance institutions...

4:45 AM November 25 2016
Iraq reaches deal with IMF for $5.4 billion loan ECONOMY

Iraq reaches deal with IMF for $5.4 billion loan

Crisis-hit Iraq reached a deal with the International Monetary Fund Thursday for a $5.4 billion loan that could give donors enough confidence to unlock further financing, a statement said.

4:45 AM November 25 2016
Founder of online underworld bank gets 20 years in prison INTERNATIONAL

Founder of online underworld bank gets 20 years in prison

The founder of an online underworld bank that allegedly laundered billions of dollars for criminals was sentenced Friday to 20 years in prison.

4:45 AM November 25 2016
US indicts seven Iranians over hacking banks, dam INTERNATIONAL

US indicts seven Iranians over hacking banks, dam

The United States on Thursday unsealed computer hacking charges against seven Iranians working for firms linked to the Iranian government, accusing them of hacking ...

4:45 AM November 25 2016