Central Banks - Page 2
150 articles
Abu Dhabi First Bank Egypt rolls out new funds for savers
Abu Dhabi First Bank Egypt has launched four investment funds, including daily liquidity and Sharia-compliant choices. Savers now have more ways to manage risk and returns as Egypt's financial sector shifts.
UBS shifts peso forecast as Mexico's rate edge fades
UBS now sees the USD/MXN at 17.50 by year-end, dialing back expectations for a peso rebound as Mexico's rate advantage over the US shrinks and global markets shift.
Emirates NBD Egypt rolls out three-year fixed certificate at 18.5 percent
Emirates NBD Egypt has launched a three-year fixed certificate in Egyptian pounds, offering up to 18.5 percent annual yield. The product targets large deposits and comes with tough eligibility and withdrawal rules.
Personal loans in UAE hit 616 billion dirhams in 2026
Personal loans for consumer spending in the UAE soared to 616 billion dirhams by mid 2026, accounting for nearly a third of all bank credit and outpacing growth in other key sectors
Emirates NBD Egypt unveils three-year certificate at 18.5% yield
Emirates NBD Egypt is rolling out a three-year fixed certificate in Egyptian pounds. The top yield is 18.5 percent, but only for deposits of at least 500,000 EGP and with a six-month lock-in.
Egyptian pound weakens as dollar nears 52 in local banks
The Egyptian pound lost more ground against the US dollar, with rates pushing past 51.90 in several banks. Gold prices fell and the stock market closed lower for the fifth day running.
China's Gold Imports Hit New Highs as Silver Hovers Near Key Level
China is on pace for record gold imports this year, while silver prices test the sixty dollar mark. Central bank buying, shifting demand, and new rules are changing the bullion market.
Euro edges higher against Egyptian pound as banks lift rates
On 28 September 2026, the euro climbed against the Egyptian pound, with top banks setting new highs for both buying and selling. Egypt's foreign reserves also broke records, while the central bank left interest rates unchanged.
Emirates NBD wins UAE's top sustainability award for second year
Emirates NBD has clinched the UAE's highest federal sustainability honor for the second year in a row, showing real progress in responsible banking and climate action.
Emirates NBD Egypt puts banking into daily life
Emirates NBD Egypt is weaving its services into customers' routines, aiming for loyalty through hands-on partnerships and real experiences-not just marketing.
Egyptian Savers Face Stark Choices as Daily Savings Rates Diverge
Egypt's central bank has frozen its key rates at high levels but banks are offering sharply different daily savings returns. Savers must weigh minimum balances and payout rules as top rates reach 18 percent but only for select deposit tiers
UAE sovereign wealth funds surge into global top tier
Three UAE sovereign wealth funds have climbed into the global top ten, managing more than two trillion dollars and driving international investment flows. Their strategies are redefining how state assets influence economies and currency stability worldwide
Emirates NBD Egypt rolls out new savings and deposit certificates
Emirates NBD Egypt has launched a fresh lineup of savings and deposit certificates in both Egyptian pounds and US dollars. The new products offer fixed and variable returns, flexible terms, and options for individuals and businesses looking for tailored deposit solutions.
Industrial Development Bank launches new savings certificates and deposits
Industrial Development Bank has rolled out new savings certificates and deposit products, giving customers more ways to invest and earn in a shifting financial market.
Egypt Braces for Years of High Interest Rates as Inflation Lingers
Egypt faces a long stretch of high interest rates. Emirates NBD sees no cuts before 2027, with inflation set to ease only slowly. The central bank's next steps will shape borrowing and economic stability.
Emirates NBD Egypt lifts variable deposit rate to 19.5 percent
Emirates NBD Egypt has bumped up the annual rate on its three-year variable savings certificate to 19.5 percent. Interest is paid monthly, with a minimum deposit of EGP 5000. The return is tied to the central bank's overnight deposit rate plus 0.5 percent.
Canadian dollar faces tough road as US rate gap and trade strains linger
CIBC Capital Markets warns the Canadian dollar will stay weak as US-Canada rate differences grow and trade friction drags on. Relief for CAD may not come until 2027, according to new forecasts.
Big direct deals hit Abu Dhabi First Bank shares as profit growth slows
Abu Dhabi First Bank shares saw AED 41.6 million in direct trades after the bank posted just a 1% rise in half-year profits for 2026. The moves show how investor tactics are shifting in the UAE's banking sector.
Abu Dhabi First Bank shares move in 804 million dirham block deal
A one-off trade of 40 million Abu Dhabi First Bank shares, worth 804 million dirhams, has stirred the market and raised fresh questions about investor tactics and the influence of big banks in the UAE.
Egyptian banks push high-yield savings accounts in fierce deposit race
Egypt's top banks are rolling out savings accounts with steeply tiered rates and flexible rules, shaking up old deposit habits and raising the bar for big savers.
Pound sterling slips as UK services prices climb
The Pound dropped against the Euro and Dollar after UK business surveys showed slower growth but rising services prices. The Bank of England now faces a tough decision ahead of its next meeting.
Indian rupee stays under pressure as RBI reserves grow
MUFG and Goldman Sachs expect the Indian rupee to keep weakening against the US dollar through 2027. The RBI's bigger reserves help steady the currency but aren't enough to stop the slide.
French debt fears shake euro area bond markets
French government bond yields have jumped as investors demand bigger risk premiums. France's rising debt costs are now front and center in euro area markets, challenging the old view of French bonds as a safe bet.
Hungary set to lower inflation target as forint tracks energy swings
Hungary's central bank is expected to cut its inflation target to 2.5 percent this week. Goldman Sachs says this could help the forint, which has moved in step with energy prices lately.
UBS doubts yen rebound after Bank of Japan rate hike
UBS believes the Bank of Japan's latest rate hike is unlikely to spark a sustained rise in the yen against the US dollar, citing cautious central bank messaging and a divided board.
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