Net foreign assets at Saudi Arabia's central bank fell 1.0 per cent in October from the previous month to SR2.401 trillion ($640 billion), their lowest level since late 2012, official data showed on Thursday.
The central bank,
Saudi Arabian commercial banks remain very liquid and have plenty of spare cash, Saudi central bank governor Fahad al-Mubarak said on Monday after a rise in interbank money rates raised concern about tightening liquidity in the kingdom.
Iran's government announced proposals on Saturday to cut interest rates and encourage banks to lend, state television reported, in an effort to boost a stagnant economy after two years of tight monetary policy as inflation slows.
Short-term Qatari money rates fell back on Sunday after the central bank governor signalled monetary conditions would not tighten and said Qatar would not follow the United States in hiking interest rates.
On Thursday Qatar's
Gulf countries' currency pegs to the dollar are under pressure from low oil prices and a stronger dollar but there is no chance of them being abolished, ratings agency Fitch said on Tuesday.
Oil exporters in the region includi
Federal Reserve policymakers appeared deeply divided on Saturday over how seriously problems in the world economy will affect the US, a fracture that may be difficult for Fed chair Janet Yellen to mend as she guides the central bank's debate
Qatar's central bank is to grant licences to Gulf Cooperation Council (GCC) banks to open branches in the state, the government said on Wednesday.
Qatar already has a relatively large number of banks - around 18 - servicing a
Libya's National Oil Company (NOC) and Central Bank chairmen engaged in another round of blitz meetings with oil majors in London in a renewed effort to stop its rival wooing its clients.
The head of the Tr
China's central bank cut interest rates and lowered the amount of reserves banks must hold for the second time in two months on Tuesday, ratcheting up support for a stuttering economy and a plunging stock market that has sent shockwaves arou
Saudi Arabia's central bank has tightened restrictions on cash withdrawals from banks using credit cards in an effort to head off any consumer debt problems.
Previously, under an informal industry arrangement customers could o