Tightening liquidity will continue to pose imminent challenges to GCC economies according to the latest CFA member societies survey, which gauged the opinions of CFA members and charterholders in the Middle East.
The survey reveal
The Saudi Arabia Monetary Authority (Sama), the country’s central bank, recently announced that it would provide Saudi banks with about SR20 billion ($5.3 billion) of time deposits on behalf of government agencies, a report said.
Seeking to ease tightening liquidity in the banking system, Saudi Arabia's central bank has raised the ratio of deposits which commercial banks can lend out to 90 percent from 85 percent, industry sources said on Sunday.
Authorities in Qatar will use fiscal policy and money market operations if needed to prevent low oil and gas prices from causing a liquidity crunch in the banking system, the governor of the central bank (QCB) was quoted as saying.
Gulf banks are rushing to raise money via the loan market by the end of the year in a flurry of activity attributed to a liquidity squeeze caused by lower oil prices, banking sources aware of the matter said.
At least nine institu
Liquidity in the United Arab Emirates banking sector is still good and the government has adequate means to manage liquidity, the chief executive of Dubai's Mashreq bank said on Tuesday.
"Our government has lots of resour
Qatar's central bank unexpectedly halved the size of a routine treasury bill sale on Thursday, a sign that low oil and gas prices are starting to pressure the banking systems of Gulf Arab energy exporters.
Bahrain’s banks have strong liquidity and capital buffers that would enable them to tide over global headwinds due to continuing low oil price and low growth expectations, experts from ratings agency Moody’s Investors Service said
The days of very easy money are drawing to a close in the rich Gulf Arab oil-exporting economies as money market rates start to rise, partly because of the damage which cheap oil is doing to government finances.
Loose liquidity cr
China's central bank said on Tuesday that it will use various monetary tools to maintain appropriate levels of liquidity in the second half of this year .
It added that the country's main economic indicators are steadily i