Turkish President Tayyip Erdogan fired central bank governor Murat Uysal on November 7th and replaced him with ex-finance minister Naci Agbal, acting after a 30% plunge in the lira currency’s value to record lows this year.
The Central Bank of UAE has issued a new regulation on Stored Value Facilities (SVF) to support the development of digital payment services in the UAE.
The Lebanese central bank's refusal to provide full data for a forensic audit may force consultancy Alvarez & Marsal (A&M) to walk away or wait for a new cabinet to salvage the review, a key condition for foreign aid, two sources close to the matter said.
The Central Bank of the UAE (CBUAE) has announced that it will introduce new regulations regarding reserve requirements for deposit-taking licensed financial institutions effective October 28.
The Central Bank of Egypt (CBE) dismissed on October 22 the chairman and managing director of the Commercial International Bank (CIB) Hisham Ezz Al-Arab over what the CBE described as “serious violations of the Central Bank’s laws, decisions and norms.”
The UAE’s Insurance Authority has been has merged with the country’s central bank, Dubai Ruler Sheikh Mohammed bin Rashed Al-Maktoum announced on Twitter. The restructuring aims to raise the efficiency of the insurance sector and the competitiveness of the local financial markets, Al-Maktoum added.
Using the 2019 Global Fortune 500 ranking, this review sheds light on where the top 200 major industry players are choosing to set up a decision-making center globally, investigating the key drivers influencing the selection of their Regional Headquarters location.
The African Export-Import Bank, Afreximbank has announced the launch of a $1.5 billion collaborative COVID-19 Response Facility, aimed at supporting African countries with finance to battle the economic impact of the pandemic.
The World Bank Group will inject an estimated $1.2 billion (approximately Rwf1.1 trillion) as part of the Rwanda Country Framework for the period between 2021 and 2023.
On Wednesday 28 October the African Development Bank approved support for Madagascar’s industrial and financial sectors with a loan of €14.52 million through the African Development Fund, Bank's concessional-rate loan arm.
OCP Africa and AfDB agreed to allocate a trade credit guarantee of $4 million to Cote d’Ivoire and Ghana to advance access to agricultural fertilizers.
Xend Finance, a Nigerian-based startup backed by Binance Labs and Google Launchpad, has announced the launch of the Xend Finance platform, the first DeFi (Decentralized Finance) platform for credit unions and cooperatives.
The Central Bank of Bahrain, in co-operation with the Bahrain Economic Development Board, Bank ABC, ila Bank, BENEFIT, National Bank of Bahrain (NBB) and Bahrain Islamic Bank (BisB), have launched FinHub 973, the first comprehensive digital fintech lab in the region.
The Central Bank of Bahrain, in co-operation with the Bahrain Economic Development Board, Bank ABC, ila Bank, BENEFIT, National Bank of Bahrain (NBB) and Bahrain Islamic Bank (BisB), have launched FinHub 973, the first comprehensive digital fintech lab in the region.
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