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The Latest Breaking News from The Central Bank

Banks from 4 Arab countries are in talks to invest in struggling Lebanese banks, official says

Banks from four Arab countries are interested in investing in Lebanon’s struggling banking sector, which has been hard-hit by the small nation’s three-year economic meltdown

The Independent UK

Lebanon's central bank chief ends 30-year tenure amid scandal, crisis

Lebanon's embattled central bank governor stepped down Monday under a cloud of investigation and blame for his country's economic crisis as several European countries probe him for alleged financial crimes.

France 24

Lebanon's central bank governor ends 30-year tenure under investigation during dire economic crisis

Lebanon’s embattled central bank governor has ended his 30-year tenure

The Independent UK

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Which Financial Stock Is Better for Your Portfolio: Marathon Digital (MARA) or Manhattan Bridge (LOAN)

Financial stocks are the biggest beneficiaries of the Fed’s interest rate hikes. After a short pause, the central bank is expected to raise interest rates again this month. Given this backdrop, let’s compare Marathon Digital (MARA) and Manhattan Bridge Capital (LOAN) to identify the better investment.

StockNews.com

Fears for Libyan oil production amid military threats

Gen Khalifa Haftar warned of military action unless oil revenues are divided fairly

The Guardian - UK

Iraq’s central bank to blame for dispute behind jailing of Australian Robert Pether, tribunal finds

Engineer’s family says International Court of Arbitration decision strengthens the case for freeing him

The Guardian - AU

More mortgage pain for Irish householders as ECB plots further rate increases

The Central Bank has also warned that the risks facing the Irish financial system have increased as inflation is weighing heavily on the global economy.

Irish Mirror

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Sri Lanka reduces interest rates for 1st time since bankruptcy as economy shows signs of rebounding

Sri Lanka’s Central Bank has reduced its interest rates for the first time since the island nation declared bankruptcy last year

The Independent UK

Right-wing populist Javier Milei gains support in Argentina by blasting 'political caste'

He believes selling human organs should be legal, climate change is a “socialist lie,” sex education is a ploy to destroy the family and that the Central Bank should be abolished

The Independent UK

Lebanese Central Bank governor no-show in Paris corruption probe

Lebanon’s embattled central bank governor has failed to appear before French prosecutors in Paris, questioning him in the ongoing European money-laundering and illicit enrichment probe

The Independent UK

Brazil’s unlikely bid to become a global crypto hub

New legislation and regulatory collaboration are transforming the South American powerhouse.

Fortune

Lebanon's finance minister questioned by European prosecutors

A European judicial team questioned Lebanon’s caretaker finance minister Youssef El Khalil on Friday in an investigation related to a corruption probe of the country’s Central Bank governor, officials said.

Radio France Internationale

Lebanon's finance minister questioned in Central Bank probe

Lebanese judicial officials say a European judicial team has questioned Lebanon’s caretaker finance minister

The Independent UK

Nigeria and digital banking: a revolution still waiting to happen

At the end of 2022 the Central Bank of Nigeria launched new banknotes. At the same time it also capped withdrawal of the new banknotes. The rollout of the currency change was shambolic. But it also led people to turn to digital financial services such as the use of point…

The Conversation

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The Independent UK

US dollar scarcity threatens Bolivia's 'economic miracle'

For more than a decade, Bolivia was an economic oasis in a turbulent region, with low inflation and high growth

Asharq Al-Awsat

UAE Central Bank Revokes License of Russia’s MTS Bank

The Central Bank of the UAE announced that it has been decided to cancel MTS Bank’s Abu Dhabi licence, wind down its operations within six months from the date of the decision, under the supervision of the Central Bank, and close the branch. This decision comes after considering the available…

Asharq Al-Awsat

Saudi Deposit Boosts Foreign Reserves of Türkiye's Central Bank

The Turkish Central Bank's net international reserves rose by $6 billion last week to $25 billion after a $5 billion deposit from Saudi Arabia entered its accounts. The central Bank's gross reserves rose $6.5 billion to $126.5 billion in the same period, Reuters quoted three bankers as saying. The Bank…

The Independent UK

Sri Lankan state workers strike, protesting high taxes

Sri Lankan health, railway, port and other state workers are on a daylong strike to protest against sharp increases in income taxes and electricity charges, as the island nation awaits approval of an International Monetary Fund package to aid its bankrupt economy

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