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Banks may seek more time to raise capital, repatriate funds from abroad

Many Lebanese banks are likely to ask Central Bank Governor Riad Salameh to extend the February deadline to comply with BDL’s circular 154 that requests the lenders to increase their capitals and repatriate part of funds transferred abroad..
Source: Albawaba
Full Article: Banks may seek more time to raise capital, repatriate funds from abroad

Egyptian officials make conflicting statements over threat to Suez Canal from Israel-UAE pipeline

Amid continuing uncertainty, the director of Egypt’s Suez Canal Authority has backtracked on statements that a proposed UAE-Israel oil pipeline could significantly affect the Egyptian economy..
Source: Albawaba
Full Article: Egyptian officials make conflicting statements over threat to Suez Canal from Israel-UAE pipeline