Oct, 22 The price of the oil basket (OPEC) fell to $60 a barrel.
Oct, 17 World oil prices fell below $70 a barrel.
Oct, 6 The capitalization of the world stock exchanges fell by 2.5 trillion dollars.
Arab Bank
The Arab Bank is a prominent financial institution in the Arab world, with 400 branches and offices in 25 countries. Its parent company is Arab Bank plc incorporated in Amman, Jordan, where its headquarters are also located. The bank was founded by Abdul Hameed Shoman in Jerusalem during the time of the British mandate. The bank's chairman, Abdul Majid Shoman, died July 6, 2005 at the age of 94. As of 2007, the bank is the subject of a lawsuit because it has compensated the families of suicide bombers.
Repartition of the Global Banking System is inevitable - 05.12.2008 The financial crisis continues to storm in the global markets. This time the main victim of crisis is a banking system developed and developing countries. And experts notice, that the global banking system will undergo huge changes by 2012.
US government puts up $300bn in Citigroup rescue - 25.11.2008 The US government pulled Citigroup back from the abyss yesterday with a comprehensive bail-out that saw taxpayers guaranteeing $306bn of risky assets and injecting $20bn of capital into the banking group.
HSBC cuts 450 jobs in Hong Kong - 18.11.2008 HSBC was laying off 500 people in Asia, 90 percent of them in Hong Kong, in a further indication that the Asian financial community, so far relatively unscathed by mass layoffs seen on Wall Street, is being affected by the global financial crisis.
