Saturday 20 September 2014
 
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Interest rate

Brent steady below $103, ECB rate cut supports

Brent crude held below $103 a barrel on Friday, retaining most of its steep gains from the previous session, when an interest rate cut by the European Central Bank boosted investors' appetite for riskier assets. The decision c

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Yemen cbank slashes key interest rate

Yemen's central bank cut its deposit rate, the key rate which it uses to adjust monetary policy, by 3 percentage points to 15 per cent, the bank said in a statement carried by state news agency Saba on Thursday. The central ba

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Trade loan interest rates up in Bahrain

The average rate of interest on trade loans offered by Bahrain banks has risen to 5.24 per cent at the end of third quarter of this year, compared to 4.79 per cent in the same period last year, reports our sister paper Akhbar Al Khaleej.

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Barclays launches live Mena currency swaps

Barclays has announced the launch of the first live and electronic execution of interest rate swaps on multiple Mena currencies. Accessible through Barclays trading platform BARX, via Bloomberg, clients can either click-and-trade or reques

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EFG Hermes attracts buyout interest

An Egyptian businessman and a group of Gulf investors have made a buyout approach to Egypt's biggest investment bank, EFG Hermes, one of their representatives said on Thursday. Egyptian share prices have tumbled since the uprising that ous

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Oman cuts personal loan interest rate

Oman will reduce the maximum interest rate for bank-issued personal loans to 7 per cent from 8 per cent from next month, the country's central bank said on Sunday. 'To reduce the financial burden on borrowers and to encourage banks

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UAE eyes cap on credit card interest rate

The United Arab Emirates central bank is finalising rules that would cap the interest rate banks charge on credit cards at 18 percent annually to curb bad loans, a report said citing a senior central bank official. The new rules will be pu

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Bahrain loan rates drop in Q3

Interest rates on private and business loans in Bahrain were lower at the end of third quarter of the year which dropped to 6.61 per cent and 5.32 per cent respectively. Interest rate on deposits for three months to 12 months surged to 1.0

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India cbank lifts rates again

India's central bank raised interest rates on Tuesday for the 13th time since early 2010 to battle stubbornly high inflation but signalled it may end the tightening cycle that has put it at odds with peers more concerned about weak global growth.

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India cbank surprises with 50 bps rate rise

India's central bank stunned investors by raising interest rates by 50 basis points on Tuesday, showing unexpected resolve in fighting persistently high inflation despite slowing growth in Asia's third-largest economy and uncertainty about global

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