Day: October 16, 2020

Credit Agricole to Build Its Own Saudi Bank After Stake Sale

(Bloomberg) — Credit Agricole SA plans to build its own corporate and investment bank in Saudi Arabia after selling the final portion of its stake in Banque Saudi Fransi.



a car parked in a parking lot in front of Hoover Building: The offices of Banque Saudi Fransi stand in Riyadh, Saudi Arabia. Banque Saudi Fransi was the sixth largest broker in the kingdom last year, according to data from the stock exchange.


© Bloomberg
The offices of Banque Saudi Fransi stand in Riyadh, Saudi Arabia. Banque Saudi Fransi was the sixth largest broker in the kingdom last year, according to data from the stock exchange.

The French lender sold its remaining 4% holding for 1.45 billion riyal ($387 million) to two Saudi government-related institutional investors, Credit Agricole said in a statement on Monday, without identifying the entities. The shares were sold at 30 riyals each and will help shore up Credit Agricole’s capital.

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The disposal ends Credit Agricole’s decades-long investment in one of the kingdom’s largest corporate banks. The French firm is plotting its own path in a region awash with mega-bond deals as well as stake sales by state-owned entities.

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Copy-paste? Think twice : A deep dive into the world of online plagiarism

No, the Internet is not like international waters. We speak to legal experts and content creators about where netizens should be vigilant

Truth has perhaps been the most obvious casualty of the Internet age, as copy-paste culture has permeated the creative process. And nowhere has this been more visible than in mass media.

With the lockdown adding to the woes of an already economically stressed sector, the print industry has become victim of fly-by-night operators who duplicate copyrighted material, often within seconds of its publication online.

After the lockdown, copyright and trademark violations have increased in the virtual world, says N Karthikeyan, cyber law advocate at the Madras High Court. “These days anyone with a mobile phone can start a YouTube channel. With no legitimate source for content, creators are stealing copyright-protected material,” he says in a phone interview. He also cites the growing incidence of fake domains being created

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