Saudi Arabia Central Bank News

Saudi Arabia Central Bank News is an EIN News Service for banking industry professionals. Constantly updated news and information about Saudi Arabia Banking.

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Saudi stocks fall for second day, paced by Sabic and Al Rajhi 21 Nov 2009 22:34 GMT
... Saudi stocks yesterday fell for a second straight ... Friday and concern grew that the European Central Bank will phase out economic stimulus measures. Saudi Basic ...
Emirates NBD's Assets Surge by 76.3% 21 Nov 2009 19:55 GMT
... DUBAI � Emirates NBD on Saturday said its assets grew ... Since the merger of Emirates Bank and National Bank of Dubai in 2007 to create Emirates NBD, ... merger of 2007 was to create a national banking champion in line with Dubai’s growth and ...
Central Bank Directs Banks to Make 50pc Provisions for Saudi Groups 18 Nov 2009 19:57 GMT
... ABU DHABI � The Central Bank of the UAE has directed banks to make ... banking subsidiaries of the Saudi conglomerates. The International Banking Corporation, or TIBC, is owned by Al ... and their subsidiaries is 20, including 13 national banks and seven foreign banks’ branches operating in ...
Central Bank looks at risk reforms 16 Nov 2009 16:28 GMT
... / November 16. 2009 3:58PM GMT The Central Bank may introduce further risk management reforms to protect ... the Saad and Al Gosaibi groups of Saudi Arabia. Despite signs of a recovery in ... Bank, and that of Al Gosaibi, The International Banking Corporation, by the end of the year, ...
Central Bank says lending has fallen 17 Nov 2009 17:18 GMT
... for the first time since July. The Central Bank figures challenge claims from banks that they are ... such as those extended to the troubled Saudi conglomerates Ahmad Hamad Al Gosaibi and Brothers ...
Gulf monetary union well on track: Saudi 20 Nov 2009 21:18 GMT
... Saudi Arabian central bank governor Muhammad al-Jasser said that Gulf monetary union is “well on track” and he expects ...
UAE banks see 2.9 billion dollars at risk with two Saudi firms 20 Nov 2009 03:11 GMT
... Abu Dhabi - The Central Bank of the United Arab Emirates said Thursday that ... groups. The Central Bank ordered the 13 national banks and seven branches of foreign-headquartered financial institutions ... Saad's Awal Bank and Al Gosaibi's The International Banking Cooperation. The two firms, which are focused ...
Saudi cbank says U.S. dollar peg beneficial -paper 18 Nov 2009 09:00 GMT
... DUBAI, Nov 18 (Reuters) - Saudi Arabia's currency peg to the U.S. dollar ... remains the main reserve currency globally, the central bank governor was quoted as saying on Wednesday. Muhammad ...
Local loans to Saudi groups total $2.9bn 19 Nov 2009 15:59 GMT
... and use cash instead? Local loans to Saudi groups total $2.9bn Last Updated: November 19. ... Ahmad Hamad Al Gosaibi and Brothers, the Central Bank says. The first official confirmation of the value ... for loans to the Bahrain banks The International Banking Corp (TIBC) and Awal Bank. The Central ...
Saudi annual inflation falls to 3.5% in October 16 Nov 2009 01:12 GMT
... RIYADH: Annual inflation in Saudi Arabia fell to 3.5 percent in October ... was unnecessary given tepid inflation. SAMA, the central bank, held its main rate at 2 percent in ...
UAE cbank presses banks on Saudi debt provisions-paper 16 Nov 2009 06:33 GMT
... 16 (Reuters) - The United Arab Emirates central bank has told banks to take provisions worth half ... provisions worth half their exposure to troubled Saudi firms Saad Group and Ahmad Hamad Algosaibi ... Awal Bank, and that of Algosaibi, The International Banking Corporation (TIBC) by Dec. 31, al-Bayan reported. ...
Saudi cbank: Pegging Gulf currency to basket an option 19 Nov 2009 17:36 GMT
... table although there is no perfect solution, Saudi Arabia's top monetary official, Muhammad al-Jasser, said ... There is no perfect solution.' The Saudi central bank kept interest rates unchanged in the third quarter, ...
Any Gulf Bank Mergers to Focus on Kuwait and UAE, Says S&P 18 Nov 2009 19:57 GMT
... said. Mergers are far less likely in Saudi Arabia, the biggest Arab economy, where a ... them,” Volland said. Earlier this month, Oman Central Bank Executive President Hamood Sangour Al Zadjali said Gulf central banks should encourage cross-border bank mergers in the wake ...
TIMELINE-Developments of Gulf states' monetary union 17 Nov 2009 15:36 GMT
... Only four Gulf Cooperation Council countries, namely Saudi Arabia, Kuwait, Qatar and Bahrain, are still ... they are seeking advice from the European Central Bank on their monetary union programme. December - Gulf rulers ...
Banks need their own risk champions' 17 Nov 2009 16:55 GMT
... be introduced under early warning regulations by central banks to cover the entire financial sector, Mr Hussain ... troubled Saad and Al Gosaibi conglomerates of Saudi Arabia accounted for some of those losses. ... Sultan al Suwaidi, the Governor of the Central Bank, said on Monday that the bank was ...

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China's 'Capitalism:' A Rigged Game (Joe Rothstein's Commentary) [17 Nov 2009 - 11:59]
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Bank Bailout News

Britain's bank bail-out may have broken rules, says WTO [21 Nov 2009 - 21:30]
Communications, Nasty Weather Cause Tense Moments In Rescue Off Outer Banks [21 Nov 2009 - 18:28]
Nationwide lashes out at rescued banks [20 Nov 2009 - 21:58]
Palin Fan Can't Believe Sarah Supported Bank Bailout [20 Nov 2009 - 20:41]
Treasury to sell warrants as three banks exit bailouts [20 Nov 2009 - 16:06]

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Bank Types News

Al Baraka Islamic Bank launches new unified corporate identity [22 Nov 2009 - 01:12]
Investment Bank plans hit by £10m fall in funding [22 Nov 2009 - 00:50]
U.N., Islamic bank make $1 billion farming deal [22 Nov 2009 - 00:28]
Bayport Credit Union in Newport News robbed; one arrested [21 Nov 2009 - 15:27]
Nationwide Building Society predicting lengthy economic recovery [21 Nov 2009 - 10:52]

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Central Banks News

'Central Banks are horrible gold traders' [22 Nov 2009 - 02:29]
www.bharatbook.com : Central Bank Management [21 Nov 2009 - 09:54]
Japan's central bank chief denies differences between BOJ, government [21 Nov 2009 - 07:32]
Central bank says NT$ gained on Korean won [21 Nov 2009 - 07:31]
Account surplus widened in Q3 on import drop: central bank [21 Nov 2009 - 07:31]

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Currency News

Smith, Duke pound Radford [21 Nov 2009 - 23:31]
Leona Lewis: "American portions" resulted in 13-pound weight gain [21 Nov 2009 - 22:30]
£1 million pledged to flood victims [21 Nov 2009 - 18:49]
MMA Top 10 Women's Pound for Pound: Cyborg? Larosa? Fuji? Kaufman [21 Nov 2009 - 18:29]
5 800-Pound South Carolina Man Dies After Getting Stuck in Recliner for 8 Months > [21 Nov 2009 - 17:49]

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IMF

Ethnic Russian commentary says IMF, EU conduct "experiments" on Latvian economy [21 Nov 2009 - 16:09]
Siddharth Tiwari is new IMF Secretary [21 Nov 2009 - 09:36]
IMF Managing Director Dominique Strauss-Kahn Names Siddharth Tiwari as Secretary of the Fund [21 Nov 2009 - 09:34]
Indian named for key IMF post [21 Nov 2009 - 07:15]
Indian economist Siddharth Tiwari appointed to key IMF post [21 Nov 2009 - 07:14]

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World Bank News

World Bank technical aid for Thar coal: Sindh appoints Piet as Energy Advisor [22 Nov 2009 - 01:29]
World Bank commences climate change seminar for Nigerian youths [21 Nov 2009 - 09:54]
World Bank's Fund for Poorest Countries Delivers Record Support during Global Crisis [21 Nov 2009 - 08:32]
World Bank Announces Landmark Policy on Access to Information [21 Nov 2009 - 04:51]
World Bank approves $300m loan to Jordan [21 Nov 2009 - 01:40]

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Banking Organizations News

Kingman to take up Rothschild's role after quitting as Treasury's bank chief [22 Nov 2009 - 01:12]
State files complaint against Lincoln General over 'sham transactions': Kingsway Financial Services denies any wrongdoing by donating shares of the York County company to charities. [21 Nov 2009 - 23:31]
Ron Paul's Federal Reserve Audit Clears Financial Services Committee [21 Nov 2009 - 18:50]
New Financial Services research report from Datamonitor shows consumer attitudes to online borrowing [21 Nov 2009 - 17:09]
Loyalty cost me the treasury job [21 Nov 2009 - 14:28]

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Banking Regulation News

400 bank accounts seized in ICE operation targeting Colombian narcotics money launderers [22 Nov 2009 - 02:29]
Banking regulation prime concern: Fed [21 Nov 2009 - 17:29]
Banker's Academy Adds FATF's 40 Recommendations on Money Laundering to Library and Resource Center [21 Nov 2009 - 10:32]
Canada money launderer shows holes in Vegas casinos [21 Nov 2009 - 10:14]
Aurora man guilty in case of money laundering. [21 Nov 2009 - 09:20]

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Banking Products News

A Gift to Credit Card Companies [22 Nov 2009 - 02:29]
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