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Commerce Ministry Closes Unlicensed Electronic Trading Company

Qiyas summary

The Ministry of Commerce shut down an unlicensed electronic trading company and prevented the withdrawal of profits.

Translated by Qiyas from النهار — Original source

The Ministry of Commerce and Industry shut down a company engaged in direct trading of currencies and metals after it was established that the firm conducted electronic trading activities without a license and opened accounts for traders without allowing them to withdraw their profits or capital.

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