Tuesday 28 April 2015
 
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Central Bank

Egypt receives $6bn from Saudi Arabia, UAE, Kuwait

Saudi Arabia, Kuwait and the United Arab Emirates deposited $6 billion with Egypt's central bank on Wednesday, the bank's governor said, a sign the Gulf powers remain committed to propping up the Egyptian economy. "To

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Egyptian pound steady on official, black markets

Egypt's central bank kept the pound steady at 7.53 pounds to the dollar at a foreign exchange auction on Monday, and the currency remained steady on the black market. The central bank has kept the official exchange rate steady

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Qatar rules out review of currency peg

Qatar remains fully committed to its currency peg to the US dollar and is not reviewing its currency policy, central bank governor Sheikh Abdullah bin Saud Al-Thani said on Wednesday. "We are fully supporting the peg and will

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Gulf allies' funds to arrive in Egypt ‘within days’

Central bank deposits that Egypt's Gulf allies pledged at an investment summit will arrive in the country within days, the state news agency quoted central bank governor Hisham Ramez as saying on Monday. Kuwait, Saudi Arabia a

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India cbank surprises with early post-budget rate cut

India's central bank lowered its policy repo rate by 25 basis points to 7.5 per cent on Wednesday, its second inter-meeting cut this year on the back of easing inflation and what it said was the "weak state" of parts of the economy

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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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