North Africa/Middle East

Results for North Africa/Middle East

Tel Aviv joint-seminar provides enriching debate

The seminar began on Monday 26 June with a fascinating reception on the beautiful terrace of the Hilton in Tel Aviv, overviewing the blue Mediterranean Sea and the 4,000 years old city of Jaffa The delegates were greeted by the presidents of INSOL Euro ...

Resource Article - twallace@abiwor... - 01/23/2018 - 09:26 - 0 comments - 1 attachment

The Spark Behind Iran’s Unrest: Millions of Defrauded Investors

Protests over losses at loosely regulated credit institutions, which have hit millions of Iranians, smoldered through 2017, The Wall Street Journal reported. The resentment exploded…and provided the spark that set off the most sustained unrest in Ira ...

Daily Headline - global.abi.org - 01/11/2018 - 23:15 - 0 comments

Restive Iran Reeling from Ailing and Stagnating Economy

Inflation has fallen, the economy is finally growing after years of recession and, thanks to the easing of some international sanctions, Iran’s crude oil is once again being sold overseas, the Irish Times reported. But many in the Islamic Republic be ...

Daily Headline - global.abi.org - 01/03/2018 - 00:12 - 0 comments

‘Nobody Thought It Would Come to This’: Drug Maker Teva Faces a Crisis

Management missteps and tectonic shifts in the pharmaceutical business have battered Teva, which faces declining prices for generic drugs and the loss of a patent on a major branded drug, the New York Times reported. More than $20 billion has been sh ...

Daily Headline - abi_admin - 12/27/2017 - 22:47 - 0 comments

Israel Regulator Seeks to Ban Bitcoin Firms from Stock Exchange

Israel’s markets regulator will propose regulation to ban companies based on bitcoin and other digital currencies from trading on the Tel Aviv Stock Exchange, Reuters reported. Shmuel Hauser, the chairman of the Israel Securities Authority (ISA), told th ...

Daily Headline - abi_admin - 12/26/2017 - 00:06 - 0 comments

Dubai Sheikh's Buyout Firm Reaches $1 Billion Debt Deal

Dubai International Capital LLC reached an agreement with banks to roll over a loan of about $1 billion, Bloomberg News reported. The private-equity firm owned by the emirate’s ruler plans to extend the loan for three years and sign the agreement in the ...

Daily Headline - abi_admin - 12/21/2017 - 23:37 - 0 comments

Israeli Banks Take Telecoms Tycoon Elovitch to Bankruptcy Court

Three Israeli banks asked a court Wednesday to break up Eurocom Communications Ltd., saying it’s insolvent, Bloomberg News reported. The company is part of Shaul Elovitch’s Eurocom Group Ltd., the controlling shareholder of Israel’s largest telecommunica ...

Daily Headline - global.abi.org - 12/20/2017 - 21:01 - 0 comments

Netanyahu Vows to Help Buffer Teva Workers From Turnaround Plan

Israeli Prime Minister Benjamin Netanyahu said his government will do its utmost to blunt the impact of job cuts at Teva Pharmaceutical Industries Ltd. as the debt-saddled company carries out its restructuring plan, Bloomberg News reported. Netanyahu and ...

Daily Headline - global.abi.org - 12/17/2017 - 23:40 - 0 comments

Qatar's Ooredoo Is Said to Plan Bid for Turk Telekom Owner

Qatari phone carrier Ooredoo QSC decided to bid for the insolvent owner of Turkey’s biggest telecommunications company to rival an offer from Saudi Telecom Co., three people with knowledge of the matter said. Ooredoo will seek to acquire Ojer Telekomunik ...

Daily Headline - global.abi.org - 11/21/2017 - 22:57 - 0 comments

Senior management responsibility in banks

Regulators have made clear their view that responsibility for the culture of a bank sits at the top; if senior management create the right culture, good regulatory practice and procedures will naturally follow. Following the financial crisis banks’ s ...

Resource Article - twallace@abiwor... - 11/08/2017 - 09:02 - 0 comments - 0 attachments

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