Tag Archives: BANKS
No VAT on expat remittances in Saudi Arabia, say bankers
:: Senior bankers clarified on Sunday that money sent home by expatriate workers will not be taxed under the value-added tax (VAT) reform initiative to be launched by the Saudi government on Jan. 1 next year. It was also announced
Egyptian banks have provided $55.1 bln to fund trade since currency float
:: Egyptian banks have provided about $55.1 billion to fund trade since the country floated its currency in November last year, a central bank official told Reuters on Tuesday. The banks were able to extend up to $40 billion in
British Tesco and Barclays banks have stopped dealing in Qatari riyals
:: Tesco Bank, owned by Britain’s biggest retailer Tesco, is no longer allowing customers to buy or sell Qatari riyals at its stores, a spokesman for the retailer said on Friday. According to Doha News website, many foreign banks and
China’s credit growth poses challenge
Chinese banks kept up a strong pace of lending at the start of the year, even with signs of tightening by the central bank, highlighting the challenge Beijing faces as it tries to deflate asset bubbles without risking a blow
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