central bank

Cash reserves within safe limits, cover six months: Banque du Caire head
Business

Cash reserves within safe limits, cover six months: Banque du Caire head

The Central Bank of Egypt uses its tools with flexibility and unconventional form to maintain price levels, Tarek Fayed, Chairman…
US dollar exchange rate maintains stable prices on Wednesday
Business

US dollar exchange rate maintains stable prices on Wednesday

  The US dollar exchange rate maintained stable prices on Wednesday, which are LE18.27 for purchase, and LE18.37 for sale.…
Confusion dominates Egyptian gold market after US dollar price rise
Business

Confusion dominates Egyptian gold market after US dollar price rise

Confusion swept the Egyptian gold market on Monday, after the Central Bank announced a new rise in the price of…
Kuwait cbank says virtual assets not a suitable alternative to currency – Twitter
Middle East

Kuwait cbank says virtual assets not a suitable alternative to currency – Twitter

KUWAIT, Feb 17 (Reuters) – Kuwait’s central bank said on Thursday in a tweet that virtual assets are not a…
Erdogan says Turkey will break shackles of interest rates
Middle East

Erdogan says Turkey will break shackles of interest rates

ANKARA, Feb 17 (Reuters) – President Tayyip Erdogan said on Thursday Turkey will break the shackles of interest rates and…
ADQ-backed digital bank gets UAE central bank approval for launch
Middle East

ADQ-backed digital bank gets UAE central bank approval for launch

DUBAI, Feb 11 (Reuters) – The Central Bank of the United Arab Emirates has given in-principle approval to a new…
Luxembourg asks Lebanon for information on central bank chief’s finances -Lebanese source
Middle East

Luxembourg asks Lebanon for information on central bank chief’s finances -Lebanese source

BEIRUT, Feb 5 (Reuters) – Lebanon received a letter from Luxembourg authorities asking for information relating to Lebanon Central Bank…
Lebanon’s PM denies meddling in judiciary over financial probe
Middle East

Lebanon’s PM denies meddling in judiciary over financial probe

BEIRUT, Jan 12 (Reuters) – Lebanon’s prime minister said on Wednesday the government had not interfered with the judiciary’s work,…
Lira on four-day skid as Ankara struggles to hold confidence
Middle East

Lira on four-day skid as Ankara struggles to hold confidence

ISTANBUL, Dec 30 (Reuters) – The Turkish lira fell as much as 6% on Thursday, extending a four-day slide after…
Turkey hikes minimum wage by 50% in face of lira crisis
Middle East

Turkey hikes minimum wage by 50% in face of lira crisis

ANKARA, Dec 16 (Reuters) – Turkey will hike its minimum wage by a massive 50% to 4,250 lira ($275.44) per…
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