Dubai: New bank customers in the UAE will no longer be eligible for large cheque books exceeding 10 cheque leaves.

In compliance with the Central Bank of UAE, UAE banks are implementing the guidelines on issuance of cheque book to customers.

In addition to limiting the size of the cheque books, banks are also doing mandatory background check on customers through Al Etihad"...

LONDON: Germany’s 10-year government bond yield bounced off four-month lows after a batch of business surveys delivered healthier-than-expected views of the euro zone economy.
First-estimate purchasing managers’ surveys showed the private sector in Germany, the bloc’s biggest economy, expanded at its fastest pace since August as growth in services activity made up for an easing recession in manufacturing. The coronavirus outbreak, however, may pose a threat to future exports.
Uncertainty stemming"...

SULAIMANI — The US dollar to Iraqi dinar (IQD) exchange rate was stable on the Kurdistan Region’s currency markets on Wednesday (February 19).

Broker Rawaz Jaza told NRT Digital Media that $100 was stable at 120,600 Iraqi dinars.

Jaza also reported that 100 British pounds was stable at 156,000 Iraqi dinars, and 100 euros was at 131,000 Iraqi dinars.

The Trade Bank of Iraq (TBI) has reported that it has achieved a “robust growth” in revenues and in key financial areas during 2019, for another consecutive year with its consistent performance, preliminary report released by the bank for the financial year during 31/12/2019.

In a statement, the bank said it posted a net profit of USD 556 million in 2019, an increase of 68% from 2018, on revenues of USD 673 million, which grew by 12%"...

TOKYO: SoftBank Group Corp has pumped $2.5 billion of its own cash into new investments since October, people familiar with the matter said, hoping to restore its money-making credentials as it courts investors for a successor to its Vision Fund. The Japanese technology conglomerate is also considering investing another $2.5 billion of its own money, one of the people said.
SoftBank Chief Executive Masayoshi Son said last week the company may spend up to two years investing its own money in a bridge fund, to build a"...

SULAIMANI — The US dollar to Iraqi dinar (IQD) exchange rate was up on the Kurdistan Region’s currency markets on Monday (February 17).

Broker Rawaz Jaza told NRT Digital Media that $100 rose to 120,750 Iraqi dinars.

Jaza also reported that 100 British pounds was up 500 IQD to 156,000 Iraqi dinars, and 100 euros was down 500 IQD at 131,000 Iraqi dinars.

SULAIMANI — The US dollar to Iraqi dinar (IQD) exchange rate was stable on the Kurdistan Region’s currency markets on Sunday (February 16).

Broker Rawaz Jaza told NRT Digital Media that $100 was stable at 120,600 Iraqi dinars.

Jaza also reported that 100 British pounds was up 500 IQD at 155,500 Iraqi dinars, and 100 euros was down 500 IQD at 131,500 Iraqi dinars.

KUWAIT CITY, Feb 16: If you are accustomed to making international transfers in dollars, through a local money exchange company, whether for your personal needs, or for your family in your country, for the education of your children, or for investment and savings purposes, you must know that international transfers are no longer as comfortable and hassle-free as before, reports Al-Rai daily.

The money exchange firms in Kuwait have recently received"...

The Trade Bank of Iraq (TBI), the country's largest trade financing institution, reported a 68 per cent increase in full-year net profit on the back of higher revenue.

Net profit for the period ending December 31 climbed to $556 million (Dh2 billion), the bank said in a statement on Sunday. Revenue for the period rose 12 per cent year-on-year to $673m. The bank's total assets grew 27 per cent to $29bn.

“Last"...