The so-called war on cash has been getting a lot of airtime in recent days. On one side of the battleground are European Central Bank President Mario Draghi and former US Treasury Secretary Lawrence Summers, calling for the abolition of high-denomination banknotes to (they say) combat crime. Opposing the plan are skeptics who fear it will lead to abolishing cash ...

Bahrain / Emirates Business BisB announced that it has achieved positive financial results which reflect on the continuous improvement on the Bank’s position. The Bank has realized BD 11.2 million as net profit for the year ended on 31st December 2015, compared to BD 9.3 million for the previous year, an increase of 20%. The Bank has registered net profit ...

Jeddah / Emirates Business Deutsche Bank announced the appointment of Jamal Al Kishi as Chief Executive Officer, Middle East and Africa with immediate effect, replacing Ashok Aram who as previously announced is relocating to Frankfurt as Chief Executive Officer Europe, Middle East and Africa (excluding Germany and the UK). Al Kishi, subject to regulatory approvals, will remain Chief Executive Officer ...