Saudi Arabia's central bank, which serves as the kingdom's sovereign wealth fund, reported a fall of $6 billion in net foreign assets in March as low oil prices took their toll.
Net foreign assets held by the central bank
An Iraqi central bank manager in the autonomous Kurdistan region was arrested as part of a probe into an alleged illegal bond trading scheme that may have cost the cash-strapped government more than one billion dollars.
First Central Hotel Apartments, located in the Tecom area in Dubai, has welcomed Wael El Behi as its new general manager.
El Behi will oversee all operations of the 524-room property, including guest services, sales and marketing
Lebanon's central bank governor said he saw no risk to the Lebanese pound and it remained bank policy to keep it stable, adding that he had not been informed of any measures by Saudi Arabia targeting the Lebanese financial sector.
Oman plans to borrow between $5 billion and $10 billion from abroad to help finance a budget deficit caused by low oil prices, central bank executive president Hamood Sangour al-Zadjali told Al Arabiya television on Monday.
Egypt's central bank kept benchmark interest rates unchanged on Thursday, it said in a statement.
The Monetary Policy Committee (MPC) kept the overnight deposit rate at 9.25 per cent and the overnight lendi
Net foreign assets at Saudi Arabia's central bank declined 3.1 per cent in December from the previous month to SR2.283 trillion ($609 billion), the central bank said on Thursday.
Assets dropped 15.9 per cen
A final warning has gone out to seven traders standing in the way of a long-stalled redevelopment of one of Bahrain’s oldest markets. They have been blamed for delaying the multi-million-dinar upgrade of Muharraq Central Market by refusi
Starting this year, leading global hospitality group Centara Hotels & Resorts will be renamed Central Hospitality International (CHi).
This is a refresh and renaming of the management and holding company behind its collection
Bahrain's financial regulator plans to establish by the end of this year a central sharia board of scholars that will oversee the kingdom's Islamic finance sector, a central bank official said.