Tuesday 5 November 2024
 
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Egypt bank CEOs purged as cbank sets 9-year term limit

Egypt's central bank put a time limit on the tenures of chief executive officers (CEOs) of commercial lenders, launching a purge of several top executives that puts it on a likely collision course with the country's banking sector.

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Prescription limit advice to Bahraini doctors

Bahraini doctors have been advised against prescribing more than four medicines to one patient at the same time. The practice of prescribing four or more medications, known as ‘polypharmacy,’ could actually harm patients while incr

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Iran wants nuke work limits eased before any deal expires

Iran is pressing major world powers to agree to start easing some restrictions on its atomic programme earlier than Western countries are willing to accept, Western and Iranian officials told Reuters. This is one of the sticking p

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Saudi limits family visit visa to 6 months

Saudi Arabia’s Passport Department has issued new regulations that state family visitor visa would be limited to only six months or 180 days, according to a report. The period would start on arrival of the visitor in the kin

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Oman to limit expat work force to 33pc

Oman is set to limit the proportion of expatriates working in the private sector from 39 to 33 per cent, said a report. The initiative comes as part of an effort to increase the percentage of national manpower in the private secto

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Saudi Arabia delays decision to limit expat stay

Saudi Arabia has put off a move to restrict the stay of foreign workers to seven years and discourage them from bringing their families to the Kingdom, a report said. The implementation of this draft decision and other draft resol

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UAE may exempt bonds from loans cap

The UAE's central bank has told banks they may be allowed to exclude bonds issued by state-linked entities from planned lending limits slated to take effect later this year, a local newspaper said. In April, the central bank expanded its l

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Spain sets limits on public deficit

Spain reached political consensus to set constitutional limits on its public deficit and debt, though there were few signs the accord would persuade markets Madrid can manage its finances as growth slows. The constitutional amendment agree

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