Friday 29 July 2016
 
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Central Bank

UAE growth in credit demand slows in Q2

Growth in demand for business credit in the United Arab Emirates slowed during the three months through June, especially in Dubai, according to a central bank survey published on Thursday. The net balance measure for business lend

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Egypt pays back $1bn debt owed to Qatar

Egypt has returned to Qatar $1 billion deposited by the Gulf state to help prop up the Egyptian central bank's hard currency reserves after the 2011 uprising, the central bank governor said on Friday. Cairo's relations wit

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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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