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    Turkey sacks central bank governor: Presidential decree

    Turkey sacks central bank governor: Presidential decree

    06 Jul 2019

    Turkey has sacked the governor of its central bank and replaced him with his deputy, a presidential decree published in the official gazette said on Saturday. Murat Cetinkaya, who...

    Bank of Canada to diverge from Fed’s easing path this year

    Bank of Canada to diverge from Fed’s easing path this year

    05 Jul 2019

    The Bank of Canada (BoC) will diverge from the US Federal Reserve’s expected policy easing path and keep interest rates on hold at least through this year, according to economists...

    Australia’s central bank cuts interest rates for second time

    Australia’s central bank cuts interest rates for second time

    02 Jul 2019

    Australia’s central bank on Tuesday cut interest rates for the second time in as many months as it strives to revive a sluggish economy and reduce unemployment, a tough task...

    Video: Rap song video on bank fraud in Dubai blows up the Internet

    Video: Rap song video on bank fraud in Dubai blows up the Internet

    30 Jun 2019

    A song about bank fraud has gone viral on social media. The music video, created by Dubai Police in collaboration with Emirates NBD, has a catchy rap tune that...

    Pakistan signs $375 million syndicated loan with UAE banks

    Pakistan signs $375 million syndicated loan with UAE banks

    29 Jun 2019

    Pakistan signed a $375 million syndicated loan with banks in the United Arab emirates in June made up of conventional and Islamic banking tranches, the Pakistani government said on...

    CBUAE enhances NPL reporting

    CBUAE enhances NPL reporting

    27 Jun 2019

    The Central Bank of the UAE (CBUAE) is enhancing its reporting of Non-Performing Loans (NPL) for the UAE banking system to align its methodology with international best practices, in consultation...

    Hungary central bank’s inflation index to peak at 3.8 per cent in Q4

    Hungary central bank’s inflation index to peak at 3.8 per cent in Q4

    27 Jun 2019

    The National Bank of Hungary’s (NBH) closely watched gauge of lasting price developments, tax-adjusted core inflation, will peak at 3.8% in the fourth quarter and decline from the end of...

    Bank manager embezzles funds from a customer's account

    Bank manager embezzles funds from a customer's account

    18 Jun 2019

    Dubai court has charged a former manager of a bank for embezzling more than Dhs120,000 from a company account. The Indian manager faked the customer's signature on a withdrawal...

    ADB to provide $3.4b loan to Pakistan

    ADB to provide $3.4b loan to Pakistan

    16 Jun 2019

    The Asian Development Bank (ADB) would provide a loan of $3.4 billion to Pakistan for budgetary support, a Minister has confirmed. The announcement was made by federal Minister for Planning,...

    SABB, Alawwal bank finalise merger

    SABB, Alawwal bank finalise merger

    16 Jun 2019

    Business Bureau, Gulf Today SABB and Alawwal bank on Sunday created Saudi banking history by legally combining their businesses. Following regulatory and shareholder approvals, the banks have now become a...

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