Friday 29 April 2016
 
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Central Bank

UAE allocates $4bn to Egypt for development

The United Arabic Emirates has allocated $4 billion to Egypt, half of it in investment and half as a central bank deposit to support cash reserves, the UAE state news agency WAM reported on Friday. The report appeared to

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Credit demand rebounds in UAE

Demand for credit in the United Arab Emirates rebounded in the January-March quarter after dipping during the previous quarter, a central bank survey showed on Thursday. The net balance measure for business lending - the weighted

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Non-bank drives jobs growth in Bahrain financial sector

Employment in Bahrain’s financial services industry grew by 2.8 per cent during 2015, with a total of 13,877 people employed at end-2015 compared with 13,496 at end-2014, according to new data released by the Central Bank of Bahrain.

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Bangladesh cbank chief quits over cyber heist

Bangladesh's central bank governor Atiur Rahman resigned on Tuesday following demands of accountability from the government after $81 million was stolen from the bank's US account in one of the largest cyber heists ever. R

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Bangladesh cbank chief quits over cyber heist

Bangladesh's central bank governor Atiur Rahman resigned on Tuesday following demands of accountability from the government after $81 million was stolen from the bank's US account in one of the largest cyber heists ever. R

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Saudi cbank chief vows to keep currency peg

Saudi Arabian Monetary Agency (SAMA) Governor Fahad al-Mubarak said he was committed to maintaining monetary policy to keep the kingdom's decades-long currency peg of SR3.75 per dollar in comments published on the central bank website on Mon

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Egypt central bank to hold $500m forex auction

Egypt's central bank said it would hold an exceptional auction on Sunday for $500 million to cover imports of strategic goods, pumping more foreign exchange into an economy that has been starved of dollars. Egypt, which relies

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Bahrain cbank chief vows to keep currency peg

Bahrain is committed to the peg of its dinar currency against the US dollar, central bank governor Rasheed Mohammed Al-Maraj said on Tuesday. "We will continue the peg," Al-Maraj told an economic conference. He said the

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Saudi cbank raises loan-to-deposit ratio

The Saudi Arabia Central Bank (Sama) recently raised banks’ maximum allowable loan-to deposit (LTD) ratio to 90 per cent from 85 per cent, which will allow banks to continue expanding credit while limiting price competition for deposits.

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Egypt to float United Bank of Egypt

Egypt's central bank plans to float the United Bank of Egypt, in which it holds a 99 per cent stake, in an initial public offering, Governor Tarek Amer said on a talk show. The United Bank was formed out of the merger of three

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