It's The Real News Network. I'm Sharmini Peries coming to you from Baltimore.

In the UK on Tuesday, the Barclays Bank and four of its former senior executives were criminally charged following a five-year investigation by the British Serious Fraud Office. The charges pertained to undisclosed payments to Qatari investors related to a £12 billion emergency"...

Barwa Bank organised an Iftar event for the residents at the Qatar Foundation for Elderly People Care (Ihsan), as part of its #WelcomeRamadanWithGoodness campaign.
For the second year in a row, and in the framework of its Ramadan Campaign this year, the Bank held this open-handed initiative towards the elderly as a celebration of the Holy Month’s noble human values and culture of charity. Commenting on the occasion, Mr. Talal Al-Khaja, Chief Communications Officer at Barwa Bank, said:
“At Barwa Bank,"...

Qatar’s sovereign wealth fund has injected deposits into local banks to shore up liquidity as an ongoing Saudi-led campaign to isolate the gas-rich Arab state hurts lenders, according to people familiar with the matter.

Qatar Investment Authority has placed billions of dollars of cash with Qatari lenders after some banks in Saudi Arabia, the UAE and Bahrain started withdrawing funds from the country amid the standoff, the people said, asking"...

(ME NewsWire)-- Schlumberger Limited (NYSE: SLB) (“Schlumberger”) has been notified of an unsolicited “mini-tender” offer by TRC Capital Corporation (“TRC Capital”) to purchase up to 2 million shares of Schlumberger common stock, representing approximately 0.14 percent of Schlumberger’s shares of common stock outstanding. TRC Capital’s offer price of $65.63 per share is approximately 4.3 percent below the closing price per share of"...

Commercial Bank has organised an Iftar in honour of the elderly residents of the Empowerment and Elderly Care Centre (Ihsan) as part of a series of corporate social responsibility (CSR) initiatives during Ramadan focusing on the Qatari community.
A team from Commercial Bank visited the elderly at Ihsan and shared an Iftar buffet with them in an atmosphere of solidarity and happiness that comes with the breaking of the fast.
Commercial Bank Group CEO Joseph Abraham said: “The month of Ramadan is one of solidarity,"...

Qatar’s 2008 bailout of Barclays has come back to haunt the British banking giant, with the leveling of fraud charges against it and four former senior executives over multibillion-pound deals nine years ago.

The Serious Fraud Office (SFO), the UK’s top financial prosecutor, announced charges as Qatar’s financial sector showed signs of further strain under the weight of sanctions brought to bear by a coalition of neighboring countries including Saudi Arabia and the UAE.

It has for"...

Qatar’s sovereign wealth fund made US dollar deposits in some local banks last week as a precaution after Saudi Arabia and other Gulf states cut diplomatic and transport ties with Doha, Qatari commercial bankers said.
One Qatar-based banker, whose own institution received funds, said new deposits in the banking system by the Qatar Investment Authority (QIA) at the end of last week were believed to total several billion dollars. He described the deposits as “pre-emptive.”
At a recent meeting"...

Qatar’s government is prepared to support local banks if foreignitutions withdraw deposits from them because of an economic boycott against Doha, the chief executive of the Qatar Financial Centre (QFC) said yesterday.
Yousef al-Jaida said institutions from Saudi Arabia, the United Arab Emirates and Bahrain, which broke off diplomatic and transport ties with Qatar on June 5, had about $18bn of deposits in Qatari banks that would mature in two months.
If necessary, the Qatari government will step in to cover"...

(ME NewsWire)- Leading aviation company GA Telesis, LLC (or the “Company”) announced the closing of a new five year, $225 million ABL credit facility led by HSBC Securities USA and Fifth Third Bank as Joint Lead Arrangers. The company originally sought a new $200 million facility. Due to overwhelming interest from existing and new banks, however, the company upsized the facility with better terms than its previous credit facility.

The"...