UAE banks urged to reduce lending ratesBanks in the United Arab Emirates should bring down interest rates on loans as much as possible since they are awash with liquidity, a daily on Monday quoted the country's central bank governor as saying. More… |
Jordan cuts lending rates to boost growthJordan's Central Bank said it will cut its benchmark lending rates on Sunday by 50 basis points, the third such move in six months to prod banks to extend cheaper credit to spur growth amid the financial turmoil. Bankers say Jordan is More… |