Saudi Binladen Group, relatives of Osama bin Laden and National Commercial Bank don’t have to face lawsuits brought by families and estates of victims of the Sept. 11, 2001, terrorist attacks, a U.S. appeals court ruled, upholding a lower court’s dismissal of the cases.
Zambia’s kwacha is set to continue its slide against the dollar and may depreciate as much as 5 percent over the next 12 months, according to the country’s biggest lender, Zambia National Commercial Bank Plc.
Zambia National Commercial Bank Plc, which is adding 800 new customers daily, sees further growth by offering mobile-phone transactions to the almost two-thirds of potential clients who have no bank account.
Saudi Arabia’s crude oil output this year may average 400,000 barrels a day less than in 2012 as the kingdom curbs supply to help meet OPEC’s production target, according to a National Commercial Bank forecast.
Beyond the polished Fiats and Fords parked at the Oto Center in a remote working class district of Istanbul, traders tout an investment vehicle that has tripled in value over the last nine years: license plates for taxis that fetch about 1.05 million liras ($580,000).
Growth in Saudi Arabia’s economy, the Arab world’s largest, will slow to 2.2 percent next year as oil production declines, said Said al-Shaikh, senior vice president and chief economist at National Commercial Bank.