UAE banks to freeze ‘suspect accounts’

DUBAI: UAE banks have been banned from doing business with some extremist groups including the Muslim Brotherhood, their representative said, as the country’s central bank won powers to freeze suspect

Saudi Kayan signs two Islamic financing deals

JEDDAH: Saudi Kayan Petrochemical Company, an affiliate of Saudi Basic Industries Corp. (SABIC), has signed two Islamic financing deals totaling SR2.63 billion, it said in a statement.

Senior CIOs from Saudi firms join Mobily summit

The ‘Mobily CIO Summit’ was launched in Istanbul, Turkey, with the presence of a group of senior CIOs and information technology offices in Saudi Arabia’s public and private sectors.

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