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Saudi firm delays Sudan deal over dollar curbsA Saudi firm will hold off its planned project in Sudan to produce wheat and other basic food items until the government eases a ban to repatriate profits, its head said on Monday. Sudan, prized for its fertile land and easy acces More… |
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Saudi’s inflation pressures in Q2 ‘limited’Inflationary pressures in Saudi Arabia are set to rise in the second quarter of this year but the price increase should be limited, the Opec member's central bank said in a report. "Given the (available) indicators ... we More… |
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Bahrain Shura blocks loan repayment fundBahrain’s Shura Council members have blocked the formation of a new BD50 million ($131.87 million) fund to help repay people's personal loans. They said the fund, which was proposed and rejected by parliament last month, More… |
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Qatar cenbank 'will flexibly adjust debt issues'Qatar's central bank (QCB) will if needed flexibly adjust the amounts of local currency bonds and Treasury bills which it offers, and believes the issues will reduce Qatar's reliance on foreign funding, the QCB's governor said. More… |
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Lebanese cbank sees growth edging up in 2013Lebanon's economic growth should increase to more than 2 percent in 2013, central bank Governor Riad Salameh said on Tuesday, noting stimulus plans were helping to eke out expansion in the country bordering war-torn Syria. Leb More… |
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Egypt to hold $600m auction for importsEgypt's central bank will hold on Sunday an exceptional foreign exchange auction for $600 million to cover strategic imports, it said in a statement. Bids will be accepted between 1.30 and 2.00 p.m. Cairo time (1130 and 1200 G More… |
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Libya deposits $2bn in Egypt cbankLibya has deposited $2 billion in Egypt's central bank deducted from investments Tripoli has inside its neighbour, the central bank governor said on Saturday. Speaking to Reuters, Saddeq Oma More… |
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Can UAE’s new mortgage caps check speculation?This article appeared in the April 2013 edition of The Gulf. If Sultan bin Nasser al Suwaidi has his way, by the end of this year it will be that little bit harder for people in the UAE to buy their own homes. The central bank More… |
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Yemen in financial aid talks with IMFThe International Monetary Fund is discussing fresh financial aid to Yemen with the government of the country, a senior IMF official said on Tuesday. Masood Ahmed, director of the IMF's Middle East and Central Asia department, More… |
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UAE cbank 'agrees' on mortgage cap proposalsThe United Arab Emirates central bank has agreed, in principle, to soften plans to introduce limits on mortgage lending for residential properties following a plea by commercial banks, central bank and banking sources said on T More… |
