Sunday 29 March 2015
 
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Egypt's cbank keeps benchmark interest rates unchanged

Egypt's central bank kept its benchmark interest rates unchanged on Thursday (February 26) as it balances the needs to manage high inflation with encouraging economic growth, the bank said in a statement. The bank's moneta

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Trick or treat? India's strong GDP figures mask reality

For Indian business, the government and the central bank, data revisions that have transformed the country's $2.1 trillion economy into one of the world's fastest growing are too good to be true. Now, the search is on for

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Egypt central bank imposes cap on dollar deposits

The Egyptian central bank has struck another blow against the country's unofficial currency market, with a cap on the amount of dollars that can be deposited in banks, private bankers and a central bank source said. The cap on

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Just Falafel opens new outlet in Sydney

UAE-based food chain Just Falafel has opened a new outlet in Sydney’s Central station, as part of its Australian expansion plans.   The new restaurant will offer a broa

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Bahraini market set for $527m revamp

A popular Bahraini market that has seen visitor numbers drop as a result of unrest dating back to 2011 could finally be in line for a BD200 million ($527.3 million) revamp.   The Manama Central Market, located ne

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Saudi cbank to maintain reserve strategy

Saudi Arabia's central bank will keep its current strategy for managing the country's foreign reserves, central bank governor Fahad Al-Mubarak said on Tuesday, indicating a continued emphasis on US dollar assets.  

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Move to revive $527m Bahrain market project

Gulf investors have pledged to help revive a BD200 million ($527.4) project to modernise Manama Central Market.   They are said to be showing interest in the development, which stalled as a result of the 2011 unr

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Bahrain's main market facelift under threat

A major BD200 million ($527.8 million) facelift to Bahrain's main market is under threat. Investment company Tashgeel for Commercial Buildings Management has been given three months to come up with designs to revamp the Manama

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Egypt banks to stick to non-USD forex rates

The Egyptian central bank has instructed banks to 'strictly conform' to prevailing international market rates in trading of non-US dollar foreign currencies, according to a statement seen by Reuters. "Kindly note that

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UAE, Malaysia plan investment fund passport

The central banks of Malaysia and the UAE are working on a fund passporting mechanism that would facilitate sales of funds from one country into the other, Malaysia's central bank governor said. The plan is part of a bilateral

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