Central Bank

ECB stays committed to multiple rate cuts despite Fed’s caution, global uncertainty

Officials highlighted that the ECB's decisions hinge on incoming data, especially regarding wages, profits, and productivity

Oil prices rebound by 27 cents, Brent crude reaches $87.27 per barrel

Investors fueled the increase as they continued to assess geopolitical concerns in the Middle East

Egypt’s net foreign assets deficit falls to $1.36 billion in March: CBE

International reserves increase to $40.361 billion from $35.311 billion in February

Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics

Brent crude futures declined to $86.62 per barrel, WTI crude futures dropping to $82.51 per barrel

UAE gold prices rise as global rates inch closer to all-time high on escalating geopolitical tensions

Market analysts referred to gold as a geopolitical trade rather than a monetary policy trade at the moment

Oil prices stabilize after steep declines amid U.S. rate hike fears, Venezuela sanctions

Venezuela's oil exports had grown 12 percent in 2023 to 700,000 bpd after the easing of some U.S. sanctions

UAE gold prices remain stable as global rates surge on Middle East tensions

Central bank buying and geopolitical tensions drive gold's rally near record-high

Oil prices climb on China’s economic growth, Middle East tensions

Brent crude futures for June delivery gained 48 cents, or 0.5 percent, settling at $90.58 per barrel

How can banks stop fraud in a world of instant payments?

Lenders must use innovative approaches to gain customer trust and acceptance of instant payments

Qatar Central Bank’s foreign reserves surge 5.2 percent to $67.9 billion in March

The official reserves at the end of March 2024 increased by $3.11 billion

China to establish $70 billion re-lending program to support science and technology sectors

21 banks will provide loans to small and midsize technology companies at a 1.75 percent interest rate under this program

Oil prices decline as Middle East tensions ease: Brent crude falls below $90

Investors await consumer price index data from U.S. and China later this week

Total assets of Qatar’s banks surge 5.8 percent to $541 billion in February

Meanwhile, domestic credit saw a 5.8 percent annual increase to QAR1.26 trillion

Oil prices surge above $90, reaching highest level since October

The rise in prices is fueled by geopolitical tension and supply concerns

CBUAE’s gold reserves surged to $4.88 billion in January 2024

The gold reserves recorded 7 percent year-on-year increase

Eurozone inflation drops to four-month low of 2.4 percent in March 2024

The market anticipates four ECB rate cuts, first in June

Türkiye’s inflation climbs to 68.5% as rate hikes fail to stem price rise

Education again saw the highest cost inflation at 104 percent year-on-year

Egypt’s net foreign assets deficit shrinks by $7.04 billion in February

The financial support and land sale deal contributed to the NFA improvement

Kuwait Central Bank announces $792 million bonds, tawarruq issuance with 4.375 percent return rate

CBK has specified that this issuance will remain valid for a period of three months

Saudi Arabia’s tourism sector sets new record, foreign visitor spending touches $36 billion

In 2023, Saudi Arabia led the UN tourism list for the growth rate of international tourists compared to 2019