FORGOTTEN HISTORY: 14 - Caught on Camera

KBC and Ulster Bank customers face ‘chaos’ as staff shortages cause major delays with new accounts

Some people who are trying to open with a new bank are being temporarily blocked from a number of services

Irish Mirror · Apr 16, 2022

Soaring Costs Put Turkey’s Energy Importer under Pressure to Hike Prices

Soaring world energy costs are piling pressure on Turkey's state energy importer BOTAS to further hike prices as it falls deeper into the red, even as manufacturers complain that recent price rises threaten their operations. The pipeline operator and trading company needed a 100 billion lira ($6.8 billion) payment from…

Asharq Al-Awsat · Apr 15, 2022

War in Ukraine: Russia's reputedly ‘sanction proof’ economy shows signs of stress

Seven weeks into the war, how is the Russian economy faring? The short answer is: well below expectations and the worse is yet to come.

The Conversation · Apr 13, 2022

Gunmen shoot deputy governor of Myanmar Central Bank

Gunmen in Myanmar's largest city have shot a deputy governor of the central bank, less than a week after tough currency controls were ordered in the military-ruled nation

The Independent UK · Apr 7, 2022

Saudi Arabia Expands Licensing of Foreign Currencies Trade

The Saudi Central Bank (SAMA) announced on Wednesday the licensing of the Al Tabdeel Co.

Asharq Al-Awsat · Apr 7, 2022

Lebanon’s Central Bank Not Bankrupt, Governor Says

Lebanon Central Bank Governor Riad Salameh on Monday denied that the institution he has led for 30 years was bankrupt and said it was still going about its legally-mandated role despite losses in the financial sector. The comments in a statement by the governor were an apparent response to the…

Asharq Al-Awsat · Apr 4, 2022

Egypt’s Net Foreign Assets Decline Sharply

Egypt’s Central Bank data showed on Sunday that the country’s net foreign assets (NFAs) went sharply negative in February, declining by 60 billion Egyptian pounds ($3.29 billion) to minus 50.3 billion pounds, for the fifth consecutive month. The shortage of foreign currency helped prompt the central bank to devalue the…

Asharq Al-Awsat · Apr 4, 2022

Morocco’s Public Prosecution Office, BAM Sign MoU to Promote Financial Security

The Public Prosecutor’s Office and Bank Al-Maghrib (BAM), Morocco’s central bank, signed on Friday a memorandum of understanding to establish a framework for collaboration to exchange data and expertise in areas of common interest, particularly promoting financial security. The MoU was inked by the Attorney General of the Court of…

Asharq Al-Awsat · Apr 2, 2022

Brazil's central bank employees go on strike, as its chief vacations in Miami

Brazil's central bank employees began an indefinite strike for a wage increase on Friday, threatening the stability of the wildly popular Pix instant payment system and the publication of data releases.

Reuters · Apr 1, 2022

Lebanon prosecutor seeks freeze of central bank chief's oversees assets

Lebanon's top prosecutor has sought to freeze European bank accounts belonging to central bank chief Riad Salameh, a senior judicial source said, days after five European states seized assets related to embezzlement probes.

Reuters · Apr 1, 2022