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
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
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
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
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
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
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
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
While the year 2014 began with expectations of higher growth, higher yields and higher stocks, it is ending with the reality of lower inflation, lower yields and higher stocks, a report said.
It also ends with asset markets and th
Kuwait's central bank aims to cut the bad loan ratio among Kuwaiti commercial banks to below 3 per cent of total loans by the end of this year from 3.2 per cent at present, central bank governor Mohammad al-Hashel said.