central bank

  • EGPC in Talks to Borrow EGP 10b

    EGPC in Talks to Borrow EGP 10b

    Wednesday, 29th March 2017
    The Egyptian General Petroleum Corporation (EGPC) is in talks to borrow an amount of EGP 10b from a CIB-led alliance.
  • Algerian Central Bank Governor Fired Following Oil Price Drop

    Algerian Central Bank Governor Fired Following Oil Price Drop

    Wednesday, 1st June 2016
    After more than a decade as Algeria's Central Bank Governor, Mohammed Laksaci has been fired by President Abdelaziz Bouteflika apparently over his management of fall-out from the 2014-2015 global oil price drop.
  • Egypt Receives $6bn from Saudi Arabia, UAE & Kuwait

    Egypt Receives $6bn from Saudi Arabia, UAE & Kuwait

    Sunday, 26th April 2015
    Saudi Arabia, Kuwait and the United Arab Emirates deposited $6bn with Egypt's Central Bank, the bank's governor said, a sign that the gulf powers remain committed to propping up the Egyptian economy.
  • Nigerian Central Bank Calls for Tough Measures Due to Oil Prices

    Nigerian Central Bank Calls for Tough Measures Due to Oil Prices

    Sunday, 26th April 2015
    Nigeria's central bank ordered banks on Friday to crack down on borrowers with non-performing loans (NPLs) in a move aimed at avoiding a repeat of a 2009 industry bailout that cost the government $4 billion.
  • Yemen Oil Revenues in Sharp Decline

    Yemen Oil Revenues in Sharp Decline

    Sunday, 22nd February 2015
    The Yemeni central bank says the nation’s oil revenues suffered a drop of about $1 billion or 37% in 2014 due to plunging crude prices and attacks on the impoverished country’s pipelines.
  • Saudi Calls for Energy Subsidies Reform

    Saudi Calls for Energy Subsidies Reform

    Monday, 9th February 2015
    Saudi Arabia's central bank governor called for reforms to the country's lavish system of energy and water subsidies, which drain billions of dollars from the state budget and encourage waste by keeping down prices for consumers.