Tuesday 3 March 2015
 
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Central Bank

China cbank steps up monetary easing to beat deflation

Weakness in China's vast manufacturing sector, aggravated by high real borrowing costs and weak demand, appears to have driven the central bank to accelerate the pace of monetary easing to ward off deflation in the world's second-largest

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Kuwait cbank chief denies illicit share trading

Kuwait's central bank governor Mohammad Al-Hashel denied that he had conducted any illicit share trading, after a local newspaper reported the securities regulator had decided to refer him to prosecutors on suspicion of violating investment

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Turkey cbank hikes forex reserve requirements

Turkey's central bank raised foreign exchange reserve requirement ratios on Saturday, citing the need to support financial stability amid volatility in global markets. With the lira currency trading at record lows against the

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UAE cenbank to study margin lending in stock market

The United Arab Emirates central bank discussed margin lending at a board meeting this week and ordered that all aspects of the issue be studied, the central bank said on Wednesday. In a brief statement describing discussions at t

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UAE to activate China currency swap soon

The central banks of the United Arab Emirates and China aim to activate their 35 billion yuan ($5.7 billion) currency swap agreement soon, a senior UAE central bank official said on Tuesday. The agreement, designed to facilitate t

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US central bank backs Bahrain’s green drive

A delegation from Washington’s Central Bank recently visited Bahrain’s Ministry of Works (MoW) to discuss the use of green buildings system and renewable energy applications. The delegation was headed by Mena energy ex

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UAE cbank denies move to change dollar peg

The fixed peg of UAE dirham against the US dollar will remain in place, the UAE Central Bank Governor Mubarak Rashid Khamis Al Mansouri has reiterated. Reacting to media reports regarding a study on the dirham’s peg to the U

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Bahrain cbank in bid to boost insurance sector

Central Bank of Bahrain Governor Rasheed Al Maraj has pledged to further develop the kingdom's vibrant insurance sector, a report said. He said this during a meeting of top executives from the sector, chaired by Bahrain Insura

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Egypt pays back $2.5 billion deposit to Qatar

Egypt has paid back $2.5 billion that Qatar deposited with it to help prop up the Egyptian central bank's hard currency reserves, a central bank official said on Friday night, as the Qatari foreign minister arrived in Cairo for Arab League t

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Egypt cbank to act to control currency black market

Egypt's central bank will take measures to calm the black market in the Egyptian pound, its governor said on Wednesday, after volatility this week due to a surge in commercial demand for dollars. Hisham Ramez gave no details o

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