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Egypt lifts FX transaction caps for individualsEgypt's central bank removed caps on Tuesday on how much individuals can withdraw or deposit in foreign currencies at banks, a move aimed at boosting liquidity in a market that has been starved of dollars. Egypt, which relies More… |
Iraq commanders to face trial over Ramadi pulloutIraqi Prime Minister Haider Al-Abadi on Sunday approved the decision of an investigative council to refer military commanders to a court martial for abandoning their positions in the battle against Islamic State militants in Ramadi. More… |
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Banks in Bahrain step up security for F1Banks in Bahrain have stepped up security ahead of the Formula One race to protect customers from fraudsters. Cash withdrawals from ATMs will be limited to BD200 ($527) from today (April 15) in the lead-up to the Gulf Air Bahrain More… |
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Mashreq launches international travel promotionUAE-based financial institution Mashreq has launched a promotion for its customers who have plans to travel abroad this summer, valid till the end of August. Customers will get dining vouchers worth Dh100 ($27) from the Al S More… |
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Kurdish rebels begin Turkey withdrawalTurkish security forces manned checkpoints along the mountainous border with Iraq on Wednesday, keeping up their guard while Kurdish militants prepared to withdraw after 30 years of conflict that has killed 40,000 and ravaged the region. More… |
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DFSA wins case against UAE firmDubai Financial Services Authority (DFSA) said it has won the first contested case before regulatory appeals committee (RAC) in connection with the withdrawal of licences of an UAE-based asset management firm. DFSA is the independent finan More… |
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US troop drawdown 'on track'A planned drawdown of US troops in Iraq was on track, citing 'stunning' progress in security over the past three years, a top US military officer said. Before arriving in Baghdad, Admiral Mike Mullen, chairman of the US joint chief More… |
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US won't alter Iraq drawdownThe United States would only slow down its troop withdrawal from Iraq if there were a serious deterioration in security conditions, US Defense Secretary Robert Gates said. 'Before we would consider recommending anything like that we wo More… |
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Iran makes partial oil withdrawalIranian troops have withdrawn partially from a disputed oil well claimed by both Tehran and Baghdad, the Iraqi government spokesman said on Sunday. Ali al-Dabbagh said a small group of Iranian troops who had taken over an oil well in a rem More… |
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Obama ‘faces tough sell with Afghan troop plan’US President Barack Obama's national security team heads to Congress on Wednesday to address concerns from skeptical lawmakers on expanding the war in Afghanistan by sending another 30,000 troops. Rising combat deaths and military costs ha More… |
