Search Results - GulfToday

Suggestions

    SHOWING 111 Results

    CBUAE, AMF sign deal to include UAE Dirham in ‘Buna’ platform

    07 Aug 2020

    The Central Bank of the UAE (CBUAE), has signed an agreement with the Arab Monetary Fund, AMF, to include the UAE Dirham as a settlement currency in the Arab Regional payments clearing and settlement system called “Buna”.

    China’s central bank orders checks on business loans

    20 Apr 2020

    China’s central bank has ordered banks in the southern city of Shenzhen to investigate business loans collateralised with real estate made this year, as the city’s housing market heats up rapidly, two banking sources said on Monday.

    Mexico’s CB unveils $31 billion stimulus, slashes interest rates

    23 Apr 2020

    Mexico’s central bank (CB) unveiled around $31 billion in support for the financial system and cut borrowing costs in the country’s most decisive move yet to help the economy weather the coronavirus pandemic.

    Guidance issued for banks, finance companies on application of IFRS9

    05 Apr 2020

    The Central Bank of the UAE , the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) and the Dubai Financial Services Authority (DFSA) of Dubai International Financial Centre (DIFC)

    Egypt central bank seen keeping main interest rates on hold

    02 Apr 2020

    Egypt’s central bank is expected to leave its main interest rates unchanged as it weighs the impact of an emergency 300 basis point cut two weeks ago to soften the economic impact of the coronavirus outbreak, a Reuters poll showed.

    China loans touch $405 billion as central bank brings stimulus

    11 Apr 2020

    China’s loans surged as coronavirus stimulus kicked into save the economy. New bank lending in China rose sharply to 2.85 trillion yuan ($405 billion) in March, with total social financing hitting a record,

    UAE Central Bank’s COVID-19 package supports economy

    19 Apr 2020

    The UAE Central Bank recently more than doubled the size of the stimulus package for the economy, to deal with the current crisis, while also allowing banks and finance companies to extend the deferment of both principal and interest repayments until the end of the year.

    Implementation of ‘Targeted Economic Support Scheme’ discussed

    19 Apr 2020

    The Governor of the Central Bank of the UAE, CBUAE, and the CEOs of all banks recently discussed the implementation of the Targeted Economic Support Scheme, TESS.

    Brazil CB’s move paves way to reduce pile of forex reserves

    18 Aug 2019

    Brazil’s decision to sell dollars on the spot market for the first time in a decade is a sign the central bank (CB) is finally willing to reduce its $385 billion pile of foreign exchange (forex) reserves, analysts said.

    Australia’s central bank cuts rates for third time this year

    01 Oct 2019

    Australia’s central bank cut interest rates for the third time this year on Tuesday in a bid to stimulate a sluggish economy and signalled it was prepared to do more if needed, knocking the local dollar to a one-month low.

    111 Results

    Most Popular Stories