Banking

Al khaliji to open Islamic banking branches (Khaleej Times)

17 May 2008

DUBAI — Al khaliji has completed a new Islamic banking transaction, acting as joint lead manager in a sukuk issue for the Almana Group, one of the largest business houses in Qatar.

Citigroup May Sell Its German Banking Business (New York Times)

17 May 2008

Citigroup may sell Citibank Privatkunden, its consumer-banking unit in Germany, as part of a plan to replenish capital, the unit, based in Düsseldorf, said.

Irrecoverable bad debts: 'Banking Schedule' likely to be amended (Business Recorder)

17 May 2008

ISLAMABAD (May 17 2008): The Federal Board of Revenue (FBR) is likely to amend the Banking Schedule of Income Tax Ordinance 2001, in the 2008-09 budget, to effectively deal with the issue of irrecoverable bad debts relating to the past years.