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Egypt gets $3bn Qatari fund at 3.5pcEgypt received a $3 billion deposit from Qatar on Thursday, a central bank official said on Sunday, shoring up finances hit by economic turmoil since a popular uprising that toppled the government two years ago. The funds will rem More… |
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Egypt gets $3bn Qatari fund at 3.5pcEgypt received a $3 billion deposit from Qatar on Thursday, a central bank official said on Sunday, shoring up finances hit by economic turmoil since a popular uprising that toppled the government two years ago. The funds will rem More… |
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Bahrain mulls deposit for holding ralliesOrganisers of public demonstrations in Bahrain could soon have to pay deposits of up to BD20,000 ($52,750) for permission to stage them in an attempt to prevent them from turning violent, a report said. MPS yesterday unanimously a More… |
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Egypt mulls deposit operations, cancels reposEgypt's central bank said on Monday it intended to reintroduce deposit operations as a way to absorb excess liquidity, starting on Tuesday, in a monetary tightening move that economists said could help fight inflation and support a weakening More… |
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Euro zone call notes reveal alarm over CyprusEuro zone finance officials acknowledged being "in a mess" over Cyprus during a conference call on Wednesday and discussed imposing capital controls to insulate the region from a possible collapse of the Cypriot econo More… |
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KIB launches new deposit schemeKuwait International Bank (KIB) said it has launched a new sharia’a compliant deposit scheme which offers its Al Dawli customers a major opportunity to net higher returns. The new product, Al-Baraka investment deposit comes More… |
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Kuwait credit gains up 5.5pc in AugustAugust was another strong month for credit growth in Kuwait as the country posted its strongest monthly credit gain in over three years with a 5.5 per cent year-on-year (y/y) growth, according to a report. Lending to businesses is More… |
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Dollar deposits blow for Argentine banksArgentine banks lost more than five per cent of their dollar deposits in the week to June 8 as stringent government controls on buying foreign currency unnerved depositors and prompted them to withdraw savings, central bank data showed. Pr More… |
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Egypt cbank lowers reserve ratioThe Central Bank of Egypt (CBE) said on Sunday it was lowering the reserve requirement on local currency deposits to 10 percent from 12 percent to increase banking sector liquidity, its second such move in two months. The new ratio More… |
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Saudi transfers $1 billion to Egypt as depositSaudi Arabia has transferred $1 billion to Egypt's central bank as an eight-year deposit, Planning Minister Faiza Abu El-Naga said on Thursday. Egypt, which is also negotiating a $3.2 billion loan from the International Monetary Fund, More… |
