The central bank of the United Arab Emirates will introduce a mechanism on April 15 to let the country's banks borrow funds from it overnight to help with liquidity management.
The Interim Marginal Lending Facility (IMLF) will
Thanks to astute oversight by regulators, GCC and Levant banks emerged from the financial crisis in better shape than many Western banks, but their liquidity and capital positions should not be taken for granted. Management consulting firm Booz
China's central bank urged commercial banks to properly manage liquidity while reiterating its promise to keep monetary policy stable and to clamp down on risky lending, noting that the world's second-largest economy has yet to find a st
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