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UAE cbank to launch overnight lending facilityThe 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 More… |
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PiSlice, du partner to encourage micro-lendingPi Slice, a web-based social platform of online funding for micro-entrepreneurs in the Mena region, has partnered with Dubai-based telecom operator du to increase funding for projects in the region. As part of More… |
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Dubai bourse issues new securities lending rulesDubai Financial Market (DFM) , the emirate's main stock exchange, has issued rules allowing the lending and borrowing of securities, part of efforts to make the market more flexible ahead of an influx of foreign funds. Lending More… |
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Saudi foreign assets soar to record $716bnSaudi Arabia's central bank said its net foreign assets surged to a record high of SR2.688 trillion ($716.7 billion) in December, up 10.7 per cent from a year ago The kingdom's central bank said the M3 money supply growth slowed More… |
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Saudi Hollandi eyes capital-boosting sukukSaudi Hollandi Bank, Saudi Arabia's eighth-largest listed bank, plans to sell a capital-boosting Islamic bond to private investors, it said, the latest lender in the kingdom to bolster its reserves after strong lending growth. More… |
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Mistrust stops euro zone banks lending to peersEuro zone banks are refusing to lend to peers in other countries in the common currency bloc, signalling a worrying fall in confidence that appears to have worsened since the Cyprus bailout earlier this year, data analysed by Reuters showed. More… |
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British business lending down in AprilBritish business lending fell sharply last month, raising questions about the durability of an economic recovery that has helped lift consumer sentiment to a six-month high. Britain's government and central bank are concerned More… |
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Oman sets 5pc minimum target for SME lendingOman's central bank has stipulated that commercial banks' loans to small and medium-sized firms must account for at least 5 per cent of their total loans, in a new rule aimed at easing une More… |
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UAE drafting movable assets law, says IFCThe UAE is drafting legislation to let small and medium-sized firms use machinery and other assets to back loans, in order to improve financing options for the firms, said a unit of the World Bank More… |
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Oman cenbank plans new rules to boost SMEs lendingOman's central bank plans to issue rules to boost lending to small and medium-sized firms, said its chief, in a new move to help bring unemployment down in the Sultanate. Supporting smaller firms is a key part of the governmen More… |
