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HuaweiBelhasa Trading and Development, a subsidiary of the Belhasa Group of Companies, has recently opened a branch office in Libyan capital of Tripoli.
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The demand for mobile wallet services is rising in the Middle East and across the world that will help fuel growth in the local banking sector, according to TNS MENA — a marketing research company.
Shares in Standard Chartered have dropped sharply as investors reacted to U.S. charges that the bank was involved in laundering money for Iran.
BANGKOK — World stock markets were moderately higher on Tuesday, continuing to get a boost from an unexpected improvement in US hiring that added to signs the global economy might be emerging from its downturn.
HONG KONG/LONDON - Standard Chartered Plc’s shares fell as much as 20 percent on Tuesday after New York’s top bank regulator threatened to remove its state banking license, saying the British lender hid $250 billion in transactions tied to Iran.
HONG KONG — Asian markets rose on Tuesday on hopes the European Central Bank will soon restart its sovereign bond-buying scheme, but gains were capped by profit-taking after the previous day’s big gains.
SINGAPORE - Gold traded nearly flat on Tuesday, retaining gains from the past two sessions as investors waited for action from the European Central Bank in hopes that it would do more to tackle the region’s debt crisis.
SEOUL — South Korea’s cabinet on Tuesday endorsed a bill which sets up a special fund to cover the huge cost of potential reunification with North Korea.
Opec member Kuwait has posted record budget surplus and revenues in the 2011-12 fiscal year that ended on March 31 on the back of high oil output and price, an economic report said on Sunday.
Italian Prime Minister Mario Monti has voiced fears that tensions sparked by the eurozone crisis have already turned countries against each other and must not be allowed to rip Europe apart.
