Lebanon's central bank has been selling some of its holdings of international bonds issued by the Lebanese government to improve its foreign currency liquidity, central bank governor Riad Salameh said on Sunday.
Saudi Arabian officials are still discussing the opening of the stock market to direct foreign investment and no timetable has been set, the chief market regulator said.
"We are still discussing the issue.
Central banks should co-ordinate to avoid unwanted side-effects as they exit from ultra-easy monetary policies that have left the world awash in cheap money, top policymakers were told yesterday.
Opening the second day of an annua
Global financial stability is at risk as central banks draw back from ultra-easy policies that have flooded the world with cash, because emerging markets lack defenses to prevent potentially huge capital outflows, top officials have been warne
BMI Bank, a Bahraini retail and commercial banking institution, announced that it had successfully repaid its three-year syndicated term loan of $80 million, six months ahead of its scheduled due date.
The three-year oversubscribe
Dubai contractor Drake and Scull may consider an additional listing of its shares on Saudi Arabia's Taduwal bourse though the firm does not have any imminent plans for it, its chief executive said on Monday.
Tadawul is the lar
Investors in liquidated airline Bahrain Air are being threatened with legal action unless they hand over outstanding severance package payments, a report said.
Hundreds of former employees are still waiting for the second half of
Eighty-one per cent of senior executives in the Mena region believe that the current regulatory environment provides support for business growth, a report said.
Business confidence across Mena was broad based, with respondents pos
Stricter regulatory scrutiny of companies with plans to list and a lack of liquidity in certain markets are the key factors responsible for the low volume of IPOs in the GCC in the last 12 months, experts said.
Other issues hittin
The Turkish lira eased slightly on Wednesday after the central bank cut its overnight lending rate and tightened liquidity in the previous session, the latest moves in one of the world's most complicated monetary policy mixes.