Thursday 27 November 2014
 
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Central Bank

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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2014: the year of deflation and lower returns

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

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Kuwait central bank aims to cut bad loans to 2pc

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. Hashel

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Lebanon plans $1 billion economic stimulus for 2015

Lebanon is planning a $1 billion economic stimulus package for 2015 to maintain growth and support an economy which has been hit by a three-year conflict in neighbouring Syria, the central bank governor said. Riad Salameh said he

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UAE appoints new cbank governor

The United Arab Emirates' president has appointed Mubarak Rashid Al Mansouri as the new central bank governor for a four-year term, the state news agency Wam said, citing a presidential decree. Al Mansouri, the chief executive

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Sama governor named 'best central banker'

The Governor of Saudi Arabia Monetary Agency (Sama), the central bank of the kingdom, has been named as one of the world's best central bankers by the Global Finance magazine. Fahad Al-Mubarak has earned an “A&r

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StanChart vows to work with UAE cbank after warning

Standard Chartered on Thursday said it would work with regulators after the UAE central bank warned it could face legal action after agreeing to close some customers' UAE accounts in an anti-money laundering settlement. "

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Saudi cbank sees gradual easing of inflation

Saudi Arabia's central bank expects the annual inflation rate to continue easing gradually in the second quarter of this year, it said in a report on Tuesday. "Because of the constant decline in inflation rates in most of

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Kuwait cbank warns against rising govt spending

Kuwait's rising public spending and dependence on oil revenues are preventing sustainable economic development, the country's central bank governor said, echoing warnings from the International Monetary Fund. Mohammad al-H

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Bahraini banks to launch Basel III standards

Bahraini banks will be fully ready to implement the Basel III international banking standards on new capital requirements by next year, the governor of the Central Bank of Bahrain (CBB) said. The kingdom's banking sector remai

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