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Round-up of Middle East financial news

Our round-up of Middle East financial news includes notes on the Saudi-isation of insurance selling in the Kingdom, Algeria's financial difficulties, Morocco's plans to float its local currency, Egyptian inflation, and the DIFC's efforts to attract Trust and Foundation business.

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Seven Arab banks show more than $10bn in Tier 1 capital

The Banker magazine's annual listing of the world's biggest banks, ranked by Tier 1 capital, shows that seven Arab banks had Tier 1 capital in excess of $10mn at theend of 2016, and a further eight had capital of $5 bn - $10 bn.

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