KHOBAR / DUBAI / Reuters Citigroup has formally applied for a licence to conduct capital markets business in Saudi Arabia, two sources familiar with the matter said, in a move to return to the country after an absence of nearly 13 years. The application has been made with Saudi Arabia’s Capital Market Authority (CMA), whose primary role is to ...

  Bloomberg UK regulators are starting a review into consumer borrowing after the Bank of England warned again about a potentially unsustainable buildup of debt. In a statement on Monday after its quarterly meeting, the BOE’s Financial Policy Committee said household indebtedness “remains high by historical standards and has begun to rise relative to incomes.” Noting that consumer credit has ...

  DUBAI / Reuters Oman’s central bank signed a memorandum of understanding with the Iranian central bank to strengthen financial and economic cooperation between the two countries, the Omani institution said. It did not give details of the cooperation, but said the agreement would boost bilateral trade and include training for Iranian central bankers. Worried by the threat of U.S. ...