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
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
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 foreign mins target Iranian oil revenues; Grace period to blunt initial impact; Debt woes complicate EU foreign policy
January 23, 2012 2:55