Tuesday 26 July 2016
 
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Egypt cbank keeps main interest rates unchanged

Egypt's central bank kept benchmark interest rates unchanged on Thursday, it said in a statement.   The Monetary Policy Committee (MPC) kept the overnight deposit rate at 9.25 per cent and the overnight lendi

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Manara’s projects evoke keen interest at Bahrain expo

Manara has reported keen interest from prospective buyers and investors at its pavilion at the Bahrain International Property Exhibition (Bipex). The company is showcasing two of its projects currently underway, namely Investment Gateway &ndas

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Oil rises after China interest rate cut

Oil prices rose on Friday after China's central bank cut its borrowing rates, boosting hopes for stronger demand from the world's top energy consumer.   A signal from European Central Bank President Mario

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Gold heads for longest weekly losing streak in 16 years

Gold slipped to near 5-1/2-year lows on Friday and was on course for a sixth straight weekly fall, its longest retreat since 1999, after upbeat US economic data strengthened expectations for a near-term hike in interest rates. Bul

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Taqa to raise $3.5bn five-year loan

Abu Dhabi National Energy Co (Taqa) is looking to raise a $3.5 billion loan as it seeks to consolidate a number of existing debts into one facility with a lower rate of interest, three sources aware of the matter told Reuters on Thursday.

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Deutsche Bank fined record $2.5bn over rate rigging

Deutsche Bank agreed with US and British authorities to pay a record $2.5 billion to resolve investigations it manipulated benchmark interest rates used to price loans and contracts around the world. As part of the deal, Deutsche

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Eskan Bank interest on loan allegations dismissed

Allegations that the Eskan (Housing) Bank was charging interest on loans have been denied by Bahrain’s Housing Minister Bassem Al Hamer. Parliament second vice-chairman MP Abdulhaleem Murad had claimed the bank was charging

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Egypt's cbank keeps benchmark interest rates unchanged

Egypt's central bank kept its benchmark interest rates unchanged on Thursday (February 26) as it balances the needs to manage high inflation with encouraging economic growth, the bank said in a statement. The bank's moneta

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Gold edges up on dollar but heads for 3rd weekly drop

Gold inched up on Friday as the dollar softened, but was heading for a third week of losses on expectations of higher US interest rates and hopes of a deal between Greece and its creditors. Spot gold rose 0.2 per cent to $1,224.50

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Cybercrime law in Bahrain to curb violations

The new law on cybercrime, approved by Bahrain’s King Hamad and enacted recently, seeks to reduce crimes by establishing penalties to protect public interest. Under the law, illegal access to an IT system or part of it carri

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