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Oman financing ‘enough to maintain peg to dollar’While Oman’s pile of external debt is rising fast in the face of lower oil prices, raising concerns about the sustainability of its currency peg, the country has enough finance to maintain the peg in 2018, said Bloomberg Economics in a new More… |
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ME economic growth prospects improve for 2018: PwCWhile the economic and fiscal outturns for the first half of the year are less than anticipated, momentum is building in key parts of the region, suggesting stronger economic growth could return in 2018, said an industry expert. R More… |
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Saudi vows to keep riyal pegged to US dollarSaudi Arabia's central bank governor Ahmed Al-Kholifey reiterated on Friday that the kingdom was committed to keeping the riyal pegged to the US dollar and that it had "sufficient tools" to support its fixed exchange rate policy. More… |
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Minimal Brexit impact expected in the Middle EastAs many come to terms with the result of the June 23, 2016, British referendum to leave the European Union, many are considering whether there may be a ripple effect as far away as the Middle East. With clients approaching Hamish More… |
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Saudi cbank chief vows to keep currency pegSaudi 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 More… |
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Qatari riyal's peg to dollar ‘great benefit’The Qatari riyal's peg to the US dollar has been of great benefit to Qatar's economy, the country's central bank governor Sheikh Abdullah bin Saud al-Thani said in an interview published on the central bank's website on Monday. More… |
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Oman assures dollar peg will stayOman remains committed to the peg of its rial currency against the US dollar, the head of the central bank said on Tuesday, after the rial dropped to its lowest level in the forwards market for a decade. Low oil prices are hurting More… |
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Dollar peg will stay says Bahrain cbankBahrain is committed to keeping its dinar currency's peg to the US dollar, a senior official at the kingdom's central bank said on Monday. "The peg will remain," Ebtisam Al-Arrayed, head of regulatory policy at t More… |
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GCC dollar pegs ‘to hold at current oil prices’An Opec market share competition could push oil prices lower, increasing pressure on GCC pegs, but the core GCC USD pegs, including that of Saudi Arabia, are likely to hold at current oil prices, a report said. The continuing larg More… |
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Global sukuk ‘set for long-term growth’While the annual global issuance of sukuk has grown at a compound annual growth rate of 38 per cent to $81 billion in 2012, up from $3.3 billion in 2002, the market is likely to maintain its positive long-term growth trends, a report said. More… |
