Erdogan says US behind economic attack on Turkey

Turkish President Tayyip Erdogan makes a speech during a meeting in Ankara, Turkey September 13, 2018. (File/Reuters)
Updated 14 September 2018
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Erdogan says US behind economic attack on Turkey

ISTANBUL: Turkish President Tayyip Erdogan on Friday blamed the United States for what he called a “heinous economic attack” that has sent the lira tumbling some 40 percent this year.
At a speech to officials from his AK Party in Ankara, Erdogan also said Turkey would see the result of the central bank’s independence after its substantial rate increase a day earlier. On Thursday the central bank lifted its benchmark rate by 6.25 percentage points.


Deutsche Bank appoints Riyadh GM

Updated 18 September 2018
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Deutsche Bank appoints Riyadh GM

  • German banking titan expects more deal flow from Kingdom
  • Deutsche Bank established base in Saudi Arabia in 2006

LONDON: Deutsche Bank has appointed Mohammed Alajmi as general manager of Deutsche Bank Riyadh Branch in Saudi Arabia.
He will have oversight of the bank’s business regulated by the Saudi Arabian Monetary Authority (SAMA), Deutsche Bank said in a statement.
The German banking giant originally established its Riyadh branch in 2006.
Alajmi joined Deutsche Bank in 2012 after more than a decade of working at local financial institutions in the Kingdom.
He was appointed chief operating officer in June 2015 overseeing the bank’s activities across all businesses and infrastructure functions.
The group expects to boost regional hiring this year, driven by expected corporate bond sales and initial public offerings, Bloomberg reported in February.