AMMAN, JORDAN – Rising remittances from the Kingdom’s citizens working abroad has contributed to increasing demand for Jordanian dinar. Exchange companies in the Kingdom are experiencing a significant surge in demand for the Jordanian dinar, surpassing interest in other foreign currencies, the Petra news agency said. Speaking to Petra, Firas...
UAE investments abroad reach US$2.5trn in beginning of 2024, says UAEIIC
ABU DHABI, UAE – The United Arab Emirates has solidified its position as a leading regional and global player in foreign direct investment, said Jamal Bin Saif Al Jarwan, Secretary-General of the UAE International Investors Council (UAEIIC). He estimates the total value of Emirati investments abroad, encompassing both government and...
There are no frozen assets abroad, says Iranian President
TEHRAN, IRAN – Iran President Ebrahim Raisi on Tuesday said that the country’s money is only blocked in South Korea and that all other foreign assets are at the Central Bank of Iran’s disposal. “We have already made it clear that the only blocked money was in South Korea. In...
Interpol red notice issued for Lebanon central bank chief
Lebanon has received an Interpol red notice requesting the arrest of central bank governor Riad Salameh after a French magistrate issued a warrant this week, a judicial official said. Salameh, 72, has been the target of a series of judicial investigations both at home and abroad on allegations including fraud,...
Rush to invest in Saudi mining sector heats up, 4073 applications received
Saudi Arabia has been flooded with license applications from investors at home and abroad to invest in its mining sector. The applications have been received on the portal of the kingdom’s Industry and Mineral Resources Ministry.
