Factual credit information leads the way in assessing consumers’ creditworthiness which will effectively see the end of blacklists, said a top official of Saudi Credit Bureau (Simah).
A recent study on payment behaviour cond
Saudi Arabia and Kuwait agreed to comply with a United Nations resolution aimed at stopping financing for Islamist militant groups in Syria and Iraq after four of their nationals were named among a group blacklisted by the international body.
Companies even partly owned by individuals sanctioned by the US government could find themselves blacklisted as the result of a rule change announced on Wednesday by the Treasury Department.
Treasury, which is responsible for applying a
The US on Wednesday slapped sanctions on a UAE company for supplying specialty petroleum products to the Syrian government, and blacklisted two additional Syrian companies.
Pangates, based in Sharjah, supplied petroleum products t
A number of contracting companies have been blacklisted by Saudi Arabia after discovering that they resorted to forgery to win government contracts, said a report.
The decision bans the blacklisted firms, which
Talks between the Bahrain government and a French company over transmission projects could be threatened if efforts to blacklist the firm throughout the GCC prove successful, it has been claimed.
Saudi-based Soroof International a
The US has blacklisted two companies it says helped Iran evade sanctions on oil sales and slapped penalties on four Tehran-based firms it says helped the Islamic Republic enrich uranium, the latest efforts to pressure Iran's nuclear program.
Bahrain yesterday denied drawing up blacklists of people who are barred from travelling to other countries, a report said.
"The role of Bahraini authorities is to bar people from leaving or entering their territories - in acc