Qatari banks brace for cash crisis
UAE orders local banks to apply enhanced due diligence
Abu Dhabi - Emirates Voice
A move by four Arab states to blacklist dozens of figures with alleged links to Qatar could squeeze liquidity at Qatari banks which get a significant amount of their funding from the region.
Qatari banks have around 60 billion riyals ($16 billion) in funding in the form of customer and interbank deposits from other Gulf states, said Chiradeep Ghosh, banking analyst at SICO Bahrain.
All types of deposits at banks in Qatar totalled 753 billion riyals at the end of March, according to central bank data.
But the UAE Central Bank has ordered local banks to stop dealing with the 59 individuals and 12 entities with alleged links to Qatar and to freeze their assets, Wam reported.
It has also told them to apply enhanced due diligence for any accounts they hold with six Qatari banks, including Qatar National Bank which is the Middle East and Africa's largest bank, Wam said in its report.
The six banks - QNB, Qatar Islamic Bank, Qatar International Islamic Bank, Barwa Bank, Masraf Al Rayan and Doha Bank - did not respond immediately to requests for comment.
Source: Khaleej Times
GMT 13:53 2017 Tuesday ,02 May
Al Dhameen Program's Portfolio Grew to QR 1.4 Billion in 2016GMT 01:02 2017 Monday ,20 March
Commercial Bank of Qatar considers international bond issueGMT 18:00 2017 Friday ,10 March
QFB Sells Partial Stake in a UAE-Based Healthcare Service ProviderGMT 10:48 2017 Monday ,09 January
Qatar International Islamic Bank Approved to Operate in Morocco
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 10:18 2016 Wednesday ,23 March
cartoon seven
GMT 09:37 2016 Monday ,12 September
Alaves the heroes of the week in Spanish Liga
GMT 12:50 2017 Thursday ,02 November
Plane-sized 'void' discovered in Great Pyramid
GMT 09:08 2017 Saturday ,16 December
Sudan's FM blames media for tensions
GMT 21:54 2017 Saturday ,25 November
Gearing up for one more F1 show
GMT 12:55 2014 Tuesday ,03 June
New Opel Vivaro attractive in every respect
GMT 05:37 2012 Monday ,13 August
Don’t partner with Hezbollah!
GMT 08:56 2014 Sunday ,20 July
18 killed in series of car bomb attacks in Iraqi capitalGMT 20:19 2012 Monday ,08 October
Saudi female lawyers to represent clients in court
GMT 10:29 2017 Friday ,05 May
Bahrain's Commander Meets GCC Navies' Commanders
GMT 10:54 2017 Sunday ,17 September
UN Security Council condmned N. Korea’s ballestic missileGMT 12:11 2011 Saturday ,25 June
Impressively loaded but falls short
GMT 11:28 2018 Friday ,05 January
Seven Russian bobsleigh and skeleton athletes cleared for World Cup, but not Olympics
GMT 13:15 2016 Friday ,02 December
Video game goodies are new frontier for Deutsche Boerse
GMT 12:57 2016 Tuesday ,06 December
Scottish universities warn they are at 'tipping point' following
GMT 11:36 2017 Sunday ,08 October
HEC Paris joins the GOV HR SummitGMT 17:34 2012 Monday ,22 October
Empower lead sponsor of World Energy Forum 2012
GMT 15:38 2015 Thursday ,05 March
Bahraini PM's Court president praises press role
GMT 21:52 2015 Tuesday ,07 April
KAHRAMAA launches 'best initiative in renewable energy' competition
GMT 13:15 2011 Tuesday ,08 November
Is this the new Subaru LegacyGMT 13:18 2011 Wednesday ,03 August
Singaporeans to elect new President on August 27GMT 06:26 2012 Tuesday ,24 April
Sacked Australian workers take Toyota to court
GMT 00:21 2017 Wednesday ,11 October
Turkey urges US to end visa suspension
GMT 05:48 2015 Wednesday ,11 February
Cooperation signed between Antiquities ministry, Karnak company
GMT 11:16 2014 Thursday ,13 November
Scientists hope for data after historic, dodgy comet landing
GMT 17:48 2016 Tuesday ,02 August
’Step Sisters’ draws backlash over humor
GMT 17:20 2013 Wednesday ,25 September
Magnetic domain wall structures in nanowires
GMT 13:31 2011 Wednesday ,24 August
Etisalat appoints group chief executive officer
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor