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    Financial curbs on Syria must be lifted first

    Financial curbs on Syria must be lifted first

    18 Jun 2023

    Last week the European Union mounted its seventh conference to raise money for Syria and received pledges of Euros 9.6 billion in grants and loans, half a billion Euros short...

    UAE Central Bank imposes administrative sanctions on 8 banks

    UAE Central Bank imposes administrative sanctions on 8 banks

    16 May 2023

    The Central Bank of the UAE (CBUAE) imposed administrative sanctions on eight banks operating in the UAE, pursuant to Article 137 of the Decretal Federal Law No. (14) of...

    US sanctions hit over 120 targets supporting Russia's invasion of Ukraine

    US sanctions hit over 120 targets supporting Russia's invasion of Ukraine

    12 Apr 2023

    The United States on Wednesday imposed sanctions on over 120 people and entities to squeeze Russia over its war in Ukraine, targeting a private military company, a China-based firm...

    Sanctions hit aid for beleaguered Syrians

    Sanctions hit aid for beleaguered Syrians

    19 Feb 2023

    Donations from crisis-ridden Lebanon yesterday continued to flow into Syria for victims of the devastating February 6th earthquakes which killed 46,000 in Turkey and Syria. At least 16 Lebanese were...

    UAE Central Bank fines firm Dhs1.8 million for money laundering

    UAE Central Bank fines firm Dhs1.8 million for money laundering

    02 Feb 2023

    The Central Bank of the UAE (CBUAE) imposed a financial sanction and operational requirements on a finance company operating in the UAE, pursuant to Article 14 of the Federal...

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    US moves could hamper China’s chipmaking industry

    31 Jan 2023

    When the Biden administration unveiled aggressive export controls in October aimed at blocking China from becoming a global leader in advanced semiconductors it was missing a key ingredient: agreement from...

    Huawei’s 2022 revenue steady at $91.5 billion

    Huawei’s 2022 revenue steady at $91.5 billion

    30 Dec 2022

    Chinese tech giant Huawei Technologies Co Ltd estimated on Friday its 2022 revenue remained flat, suggesting that its sales decline due to US sanctions had come to a halt. Despite...

    Opec+ will remain proactive and pre-emptive, says Saudi minister

    Opec+ will remain proactive and pre-emptive, says Saudi minister

    21 Dec 2022

    Opec and its allies have no choice but to remain proactive given the uncertainties that face the market, the Saudi Arabian oil minister said. “The market has been subject to...

    The hardest part is yet to come for Europe

    The hardest part is yet to come for Europe

    20 Dec 2022

    Europe faces a much tougher task to rebuild gas stocks next year compared with this winter, meaning energy bills are likely to stay high and governments could have to implement...

    EU unity over sanctions falters as economy wilts

    EU unity over sanctions falters as economy wilts

    19 Dec 2022

    John O’Donnell, Reuters European Union unity over sanctions on Russia has started to falter as jitters about the impact on Europe’s own stumbling economy weakens resolve to punish Moscow...

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