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Qatar tightens caps on banks' securities investmentQatar's central bank has tightened its curbs on how much banks can invest in stocks and bonds, according to a circular released by the central bank and seen by Reuters. Banks' total investment in equities and debt instrume More… |
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Bahrain mulls new law on bogus investmentsBahrain will soon introduce a new law to crackdown on companies and individuals offering unlicensed and bogus investments, a report said. The Shura Council yesterday approved a new bill that carries a BD100,000 ($262,000) fine or More… |
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UAE banks ask cbank to permit loan transfersCommercial bankers in the UAE have asked the central bank to remove a ban on transfers between banks of personal loans to local citizens, a body representing the lending industry said on Monday. Enjoying a cradle-to-grave welfare More… |
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Yemen cbank exceeds govt loans cap by $1.6bnYemen's central bank exceeded the legal limit on how much it may lend to the government by 347.9 billion rials ($1.6 billion) last year, its annual financial statement showed. The disclosure underlines the severe financial pre More… |
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Oman considers dollar bond issue in 2014Oman's government is considering a proposal to issue dollar-denominated sovereign bonds sometime in 2014, which could lead to regular debt sales in the future, the oil exporter's central bank said on Wednesday. "By re More… |
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Saudi firm delays Sudan deal over dollar curbsA Saudi firm will hold off its planned project in Sudan to produce wheat and other basic food items until the government eases a ban to repatriate profits, its head said on Monday. Sudan, prized for its fertile land and easy acces More… |
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Saudi’s inflation pressures in Q2 ‘limited’Inflationary pressures in Saudi Arabia are set to rise in the second quarter of this year but the price increase should be limited, the Opec member's central bank said in a report. "Given the (available) indicators ... we More… |
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Bahrain Shura blocks loan repayment fundBahrain’s Shura Council members have blocked the formation of a new BD50 million ($131.87 million) fund to help repay people's personal loans. They said the fund, which was proposed and rejected by parliament last month, More… |
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Qatar cenbank 'will flexibly adjust debt issues'Qatar's central bank (QCB) will if needed flexibly adjust the amounts of local currency bonds and Treasury bills which it offers, and believes the issues will reduce Qatar's reliance on foreign funding, the QCB's governor said. More… |
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Lebanese cbank sees growth edging up in 2013Lebanon's economic growth should increase to more than 2 percent in 2013, central bank Governor Riad Salameh said on Tuesday, noting stimulus plans were helping to eke out expansion in the country bordering war-torn Syria. Leb More… |
