Saudi Arabia
Saudi deputy replaces governor of 25 years
Muhammad Al-Jasser, the vice-governor at the Saudi Arabian Monetary Agency, will take charge of the central bank after 13 years in his current role.
Saudi announces half-a-point cut
The Saudi Arabian Monetary Agency, Saudi's central bank, reduced its repo rate from 3% to 2.5% on Tuesday.
Saudi cuts rates, boosts liquidity
The Saudi Arabian Monetary Agency made a fresh bid to boost the health of its ailing banking industry on Sunday.
Saudi Arabia's inflation challenge
Inflation in Saudi Arabia accelerated from 4.1% in 2007 to 11.1% in July 2008, posing challenges in the coordination between controlling inflation through monetary policy and enhancing economic growth through expansionary fiscal policies, said Hamad Al…
Saudi Arabian Monetary Agency - Annual Report 2008
Saudi Arabia's daily average oil output fell by 4.3% in 2007, the country's central bank says in its latest Annual Report.
Saudi soothes markets as Gulf liquidity woes mount
The Saudi Arabian Monetary Agency on Thursday became the third central bank in the Gulf this week to counter money-market fears of a liquidity shortage.
GCC to pick home for regional central bank
Gulf states involved in plans to create a regional central banking hub are to choose a location for the institution next week.
GCC inflation is imported
Inflation rates in trading partners are the main driver of price pressures in Saudi Arabia and Kuwait, finds a new paper from the International Monetary Fund.
Saudi governor confirms GCC currency plan changes
The Gulf Cooperation Council (GCC) looks set to drop its 2010 target for monetary union after the governor of the Saudi Arabian central bank said that it would take longer than two years to establish a common currency.
GCC governors back regional CB plans
Central bank governors in the gulf have taken a significant step towards monetary union, backing the creation of a regional central bank.
Fund warns Gulf countries on inflation
Gulf Cooperation Council (GCC) countries with currencies pegged to the greenback will face a tough battle against inflation, the International Monetary Fund said on Monday.
Saudi to set up $5.3 billion wealth fund
Saudi Arabia is in the final stages of launching its first sovereign wealth fund.
The BIS must become the global central bank
Last year's attempts at central bank coordination fell short, says Krzysztof Rybinski, a former deputy governor at the National Bank of Poland. A global forum is needed.
Gulf reserves set to top $2 trillion
If global oil prices remain high, foreign exchange reserves in the six Gulf Cooperation Council (GCC) countries will exceed $2 trillion by the end of this year.
Saudi must diversify investments, says top bank
The National Commercial Bank, Saudi Arabia's largest state bank, has called on the government to set up a sovereign wealth fund to cut the country's exposure to the greenback. The central bank should also look at de-pegging the riyal from the dollar.
Near-record inflation forces Oman to limit lending
The Central Bank of Oman upped banks' reserve requirement ratio on Sunday in a bid to curb rampant inflation.
Saudi Arabia - Annual Report 2006/07
Real GDP rose by 4.3% over the course of the 2006/07 financial year.
Qatar may not track Fed moves
In comments that throw the future of a currency union in the Gulf in further doubt, the governor of the Qatari central bank has suggested the central bank could deviate from its usual practice of shadowing the Fed's monetary policy decisions.
Turmoil will impact exchange rates - IMF's Kato
The re-pricing of risk taking place as a result of the credit crunch will lead to a rebalancing of currencies and growth in the near future, according to Takatoshi Kato, the deputy managing director of the International Monetary Fund (IMF).
Iran to consider redenomination
The Central Bank of the Islamic Republic of Iran will look into the possibility of knocking three zeros off its rial currency.
Strauss-Kahn and Tosovsky vie for top IMF job
Dominique Strauss-Kahn, the former French finance minister, and Josef Tosovsky, the head of the Financial Stability Institute, are the only two candidates for the top job at the International Monetary Fund (IMF).
IMF board backs global imbalances plan
The board of the International Monetary Fund (IMF) has backed a plan for conducting multilateral surveillance aimed at reducing global imbalances.
Al-Sayari on Saudi banking industry
In this speech, Hamad Saud Al-Sayari, the governor of Saudi Arabian Monetary Agency, says the central bank is currently directing the kingdom's banks towards the adoption of Basel II standard by 1st January 2008.
No policy shift for currency, says UAE governor
Investors expecting the dollar-pegged dirhan to appreciate received a strong message yesterday from the governor of the United Arab Emirates central bank, Sultan Nasser Al Suwedi, who said "We rule out any change for the forseeable future".