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Lebanon central bank chief summoned in European probe
A Lebanese judge has asked central bank chief Riad Salameh to appear before visiting European investigators, a judicial official said Monday, part of a multinational probe into his personal wealth. The embattled central bank chief faces embezzlement accusations in separate investigations in Lebanon and abroad, looking into the fortune he...
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Facebook agrees to pay $725m to settle privacy suit
Facebook parent Meta has agreed to pay $725 million to settle a long-running lawsuit that accused the social network of allowing third parties, including Cambridge Analytica, to access users' private data. The amount was disclosed in a court filing late on Thursday. Facebook has not admitted any wrongdoing as part... -
QIB partners with Loop
They will promote eco-friendly alternative to personal cars. -
BinDawood CEO resigns
Ahmad BinDawood stepped down due to personal reasons. -
Saudi personal finance market posts 4.4% jump to $18.96bn
Saudi Arabia's finance companies have provided a whopping $18.96 billion in personal finance loans to the kingdom's citizens during the first three months of the current year, posting a 4.4 percent jump over the previous quarter. -
Nayifat CEO resigns
Al-Sowailem resigned due to “personal circumstances." -
Abu Dhabi enacts personal status law for non-Muslims
The emirate of Abu Dhabi has proclaimed a new law in order to regulate personal status matters for non-Muslims, providing a mechanism for the determination of personal status disputes. -
HSBC MENA’s pre-tax profit at $700m in H1
Economic recovery in the region helps the bank post $386 million profit in the June quarter. -
CEO of Saudi Electricity Company quits from top post
The company appointed vice president as its new head until further notice after Al Sudairi quit citing personal reasons