Central Bank Governor Riad Salameh assured the financial community on Monday that the Central Bank of Lebanon will maintain monetary stability in 2013, stressing that the country had only witnessed a slow down not a recession in 2012. “The economy is bracing for a slowdown in 2013 but we will not enter recession,” Salameh assured […]
Egyptian pound hits record low
The Egyptian pound hit a record low on Sunday after the central bank imposed a new currency regime to try and stem a deepening economic crisis that presents a further challenge for President Mohamed Mursi. The currency
Egypt’s Vice President and Central Bank Chief Resign
Egypt’s Vice President Mahmoud Mekky has announced his resignation, after playing a key role in national unity talks called for by President Mohamed Morsi. In a statement Saturday, Mekky said he is stepping down because political work does not suit his professional background as a judge.
Will Syria’s Dwindling Reserves Bring Down the Regime?
With more than 40,000 people killed in Syria’s devastating war, and about three million people driven from their homes, Western and Arab leaders are grappling with one question: How and when does all this end? The answer, say some, might lie not in the horrific bloodshed but in a simpler factor: money.
Syria Conflict Prompts Lebanon Central Bank Action
Lebanon’s central bank is preparing a stimulus package to revive growth in an economy hit by armed conflict in neighboring Syria, the country’s central bank governor said. Riad Salameh said in an interview with Dow Jones Newswires that the Bank of Lebanon is putting the finishing touches to a
Salameh rang the opening bell at London Stock Exchange
Lebanon’s Central Bank Governor Riad Salameh opened on Monday the trading session when he rang the opening bell at The London Stock Exchange, National News Agency ( NNA ) reported. Salameh headed a delegation to promote investments in Lebanon under the slogan “Lebanese capital markets day” which is being held for the first time
Qatar deposits $2 billion to support Egyptian economy
Qatar will deposit $2 billion at the Egyptian Central Bank in an effort to help support an economy battered by a year and a half of political turmoil, an Egyptian presidency statement said on Saturday.
Syrian Central Bank attacked with rockets
Despite efforts to cement a fraying cease-fire, the Syrian authorities said on Monday that attackers had fired anti-tank rockets at the office of the Central Bank in the capital, Damascus, and injured four police officers in a separate attack on a police patrol there. The official SANA news agency also reported
Iranian Central Bank Said to Face Asset Freeze by EU
European Union governments reached a preliminary agreement to freeze the assets of Iran’s central bank, building on planned restrictions that will center on an oil embargo, said an EU diplomat with knowledge of the matter.
Series of bombs near Iraq’s central bank kills 12
Cars packed with explosives and roadside bombs killed 12 people in Baghdad Sunday in what officials said appeared to be an attack targeting Iraq’s central bank by militants who wanted to rob it. A series of six bombs detonated in a marketplace near the central bank within eight minutes, suggesting a coordinated attack, a Baghdad […]