Saudi Arabia's central bank has published new consumer lending regulations which give it the power to cap retail lending at individual banks and limit the fees that banks can charge.
The rules could dent profit growth at banks
The central bank of the United Arab Emirates will introduce a mechanism on April 15 to let the country's banks borrow funds from it overnight to help with liquidity management.
The Interim Marginal Lending Facility (IMLF) will
Pi Slice, a web-based social platform of online funding for micro-entrepreneurs in the Mena region, has partnered with Dubai-based telecom operator du to increase funding for projects in the region.
As part of
Dubai Financial Market (DFM) , the emirate's main stock exchange, has issued rules allowing the lending and borrowing of securities, part of efforts to make the market more flexible ahead of an influx of foreign funds.
Saudi Arabia's central bank said its net foreign assets surged to a record high of SR2.688 trillion ($716.7 billion) in December, up 10.7 per cent from a year ago
The kingdom's central bank said the M3 money supply growth slowed
Saudi Hollandi Bank, Saudi Arabia's eighth-largest listed bank, plans to sell a capital-boosting Islamic bond to private investors, it said, the latest lender in the kingdom to bolster its reserves after strong lending growth.
Euro zone banks are refusing to lend to peers in other countries in the common currency bloc, signalling a worrying fall in confidence that appears to have worsened since the Cyprus bailout earlier this year, data analysed by Reuters showed.
British business lending fell sharply last month, raising questions about the durability of an economic recovery that has helped lift consumer sentiment to a six-month high.
Britain's government and central bank are concerned