Saudi Arabia deposits $5bn in Egypt’s Central Bank as Cairo looks for financial support

Saudi Arabia has deposited $5 billion at the Central Bank of Egypt (CBE), the kingdom’s press agency SPA has announced. As part of historical solid bonds and close cooperation relations between the Kingdom of Saudi Arabia and the Arab Republic Read more

Lebanon’s Finance minister advises against removal of head of Central bank amid calls for so

Lebanon’s Finance minister Thursday told local media that replacing the Central bank governor, Riad Salameh, today is not “wise”, Zawya reports. Youssef Khalil, speaking to broadcaster MTV, indicated that nobody proposed removing the central bank governor, but “I do not Read more

Standard Chartered to open shop in Egypt in September

British bank Standard Chartered will start operating in Egypt from September after it has received preliminary approval from the Central Bank of Egypt (CBE). Gamal Negm, the deputy Governor of the CBE, reportedly revealed that Standard Chartered will open its Read more

UAE, Turkey central banks sign cooperation agreements

The Central Bank of the Republic of Turkey (CBRT) and the Central Bank of the United Arab Emirates (UAE) signed cooperation agreement between the two institutions on the sidelines of Abu Dhabi Crown Prince Mohammed bin Zayed’s visit to Ankara Read more

Iran sacks Head of Central Bank candidate for June 18 Presidential elections

Iranian President Hassan Rouhani has sacked the governor of the Central Bank, Abdel Nasser Humati, who is running next month presidential elections, reports say. Humati, who assumed the position, reportedly agreed to step down after President Rouhani told him will Read more

King Salman appoints former boss of Tadawul as new Governor of Central Bank

Saudi Arabia monarch King Salman has named former top adviser and head of Board of Directors of the Saudi Stock Exchange Tadawul, Dr Fahad bin Abdullah bin Abdullatif Al Mubarak, as the new governor of the kingdom’s central bank, reports Read more

Lebanon: Top official of Central Bank charged with manipulating exchange rate

The director of monetary operations at the central bank, Mazen Hamdane has been charged with manipulating exchange after he was arrested last week, reports say. Financial prosecutor Ali Ibrahim, AFP reports citing a judicial source, found Hamdane of the manipulating Read more