Saudi Central Bank: Insurance Sector Adopts IFRS 17 and IFRS 9
The Saudi Central Bank (SAMA) announces the formal adoption of International Financial Reporting StandardIFRS 17 Insurance Contracts and International Financial…
The Saudi Central Bank’s Decision on Repo and Reverse Repo Rates
In light of global monetary developments and taking into consideration the SAMA – Central Bank of Saudi Arabia’s objectives in…
CBUAE Raises the Base Rate at 25 Basis Points
The Central Bank of the UAE (CBUAE) has decided to raise the Base Rate applicable to the Overnight Deposit Facility…
Oil Climbs as Dollar Slumps, OPEC+ Keeps Output Cut Policy
Oil prices rebounded on February 2, 2023 after tumbling in the previous session as a weaker dollar brought back some…
Bank of England Announces Raise of Bank Rate by 50 Basis Points
The Bank of England’s Monetary Policy Committee (MPC) on February 2, 2023 sets monetary policy to meet the 2 percent…
SBP Rebuts the Claim that Capping the Price of Dollar Caused Loss of $3 billion in Remittances and Exports
There has been a narration in print & electronic media that suggests that capping the price of the dollar caused…
CDNS Attains Rs 760 billion through Fresh Bonds by January 25
The Central Directorate of National Savings (CDNS) on January 30, 2023 realized the target of issuing Rs 760 billion in…
Reason Behind Increasing Policy Rate was to Address Rising Inflation: SBP
Director of Monetary Policy Department State Bank of Pakistan (SBP) Mr Fida Hussain stated key reason behind the latest monetary…
Fiscal Consolidation Termed as the Key to Saving Reserves and Exchange Rate Stability
The Finance Ministry in its latest report on the state of economy released on January 31, 2023 termed fiscal consolidation…
SECP for Effective Implementation of Motor Third Party Liability Insurance
The Securities and Exchange Commission of Pakistan (SECP) on January 31, 2023 has formed a working group to explore the…