Last Update 10:56
Friday, 18 October 2019
The new regulations will oblige domestic banks to withhold further funding where irregularities have been committed, and to cap the loan leverage of concerned micro-finance entities
The global economy is in a slowdown, weakened by trade wars and geopolitical tensions
For the MENA region, the bank's annual report anticipated a modest 1.5 percent growth in 2019, down from 1.6 percent in 2018, largely due to weaker global growth and global financial market volatility
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