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SAMA licenses non-bank financial institutions

The Saudi Arabian monetary authority (SAMA) starts licensing non-bank financial institutions and announces the issuance of first license for a payment services company in the kingdom and an electronic wallet company. The declaration advanced as […]

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Putin bans Russian flights to crisis-hit Georgia

MOSCOW: President Vladimir Putin signed a decree Friday banning Russian airlines from flying to Georgia, starting in July, after violent clashes in the neighbouring country over a Moscow lawmaker speaking in parliament in Tbilisi. “From […]