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Syria Central Bank head says will defend pound

Syria Central Bank head says will defend pound

Syria's central bank will intervene to prop up its currency - which has plunged under the mounting pressure of sanctions and violence - and has the reserves to back that strategy, Kuwaiti state news agency KUNA cited governor Adib Mayaleh as saying on Monday.

February 6, 2012 3:00
 
UAE central bank to cap interest on credit cards

UAE central bank to cap interest on credit cards

The UAE central bank is finalising rules that would cap the interest rate banks charge on credit cards at 18 percent annually to curb bad loans, Al Khaleej newspaper reported on Tuesday, citing a senior central bank official.

January 31, 2012 2:34
 
Central Bank, CMA to supervise Saudi Arabia’s financial sector

Central Bank, CMA to supervise Saudi Arabia’s financial sector

Saudi Arabia's central bank will play a bigger role in the supervision of the country's financial sector as the kingdom weighs opening up its stock market to direct investments by foreigners.

January 29, 2012 3:58
 
EU readies ban on Iran oil imports, Central Bank sanctions

EU readies ban on Iran oil imports, Central Bank sanctions

EU foreign mins target Iranian oil revenues; Grace period to blunt initial impact; Debt woes complicate EU foreign policy

January 23, 2012 2:55
 
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