Wednesday 29 June 2016
 
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Central Bank

Turkey cbank cuts top rate by 50 basis points again

Turkey's central bank cut its overnight lending rate by 50 basis points on Tuesday, as expected, marking its fourth straight month of easing and leaving no doubt about new Governor Murat Cetinkaya's drive for looser policy.

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Central Bank of Egypt raises key interest rates

Egypt's central bank raised its key interest rates by 100 basis points at its monetary policy meeting on Thursday, following a jump in inflation last month. The Monetary Policy Committee (MPC) raised the overnight deposit rate

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UAE cbank chief sees no pressure on dirham

The governor of the United Arab Emirates central bank said on Sunday that he doesn't believe there is any pressure on the country's currency and that any volatility seen in the forwards market has been limited. Mubarak Ras

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Saudi cbank foreign assets shrink $6bn in April

Foreign assets at Saudi Arabia's central bank shrank $6 billion in April as it liquidated some financial holdings to cover a big state budget deficit caused by low oil prices, official data showed on Sunday. Net foreign assets

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Fight against money laundering 'top priority'

The Central Bank of Bahrain (CBB) views the fight against money laundering (AML) and combating the financing of terrorism (CFT) as a key priority, executive director for financial institutions supervision Abdul Rahman Al Baker was quoted as sayi

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UAE cbank, ADGM ink anti-money laundering tie-up

The Central Bank of the UAE and the Abu Dhabi Global Market (ADGM) have signed an agreement to cooperate on Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) and related matters. Both parties are committed t

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UAE allocates $4bn to Egypt for development

The United Arabic Emirates has allocated $4 billion to Egypt, half of it in investment and half as a central bank deposit to support cash reserves, the UAE state news agency WAM reported on Friday. The report appeared to

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Credit demand rebounds in UAE

Demand for credit in the United Arab Emirates rebounded in the January-March quarter after dipping during the previous quarter, a central bank survey showed on Thursday. The net balance measure for business lending - the weighted

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Non-bank drives jobs growth in Bahrain financial sector

Employment in Bahrain’s financial services industry grew by 2.8 per cent during 2015, with a total of 13,877 people employed at end-2015 compared with 13,496 at end-2014, according to new data released by the Central Bank of Bahrain.

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Bangladesh cbank chief quits over cyber heist

Bangladesh's central bank governor Atiur Rahman resigned on Tuesday following demands of accountability from the government after $81 million was stolen from the bank's US account in one of the largest cyber heists ever. R

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