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Kuwait Central Bank governor resigns over rising spending

Kuwait Central Bank governor resigns over rising spending

Kuwait's central bank governor resigned after 25 years in the post on Monday, protesting against a rapid rise in government spending, but his departure may be linked to political change in the oil-rich state and not any immediate economic crisis.

February 13, 2012 2:29
 
UAE Central Bank Governor sees inflation at around 2 percent in 2012

UAE Central Bank Governor sees inflation at around 2 percent in 2012

The UAE's central bank is not worried about inflation this year, predicting it could average around 2 percent, its governor Sultan Nasser al-Suweidi said on Monday.

January 23, 2012 2:40