Baghdad, Iraq-- An advisor to Iraq's Prime Minister said the country has effective price monetary policy tools to manage public funds. Mudher Muhammed Salih, the advisor to the Prime Minister for Financial Affairs, emphasized the effectiveness of quantitative and price monetary policy tools in managing public funds and discussed factors...
Kuwait’s central bank says broad money supply rises marginally
KUWAIT- Central Bank of Kuwait (CBK) announced that the broad money supply (M2) went up by 0.3 percent last May to settle at US$130.6 billion (KD 39.6 billion). Local banks' private sector deposits increased by 0.6 percent to settle at US$119.4 billion (KD 36.2 billion), revealed the CBK's economic research...
Iraq Prime Minister summons central bank governor as currency slides
One US dollar traded at 1,580 Iraqi dinars on the street Tuesday, against the central bank rate of 1,470 dinars, state news agency INA reported. The drop began about two weeks ago, sparking alarm in the media.
No need to change exchange rate of dinar against US dollar: Iraq
The Central Bank of Iraq said Sunday that there is no reason for changing the exchange rate of the Iraqi dinar against the US dollar. The economic conditions will determine the appropriate decision that fits the time period
Jordan records 17% spike in export of agricultural products
Jordan has recorded a seventeen percent increase in the export of agricultural products to JD734 million in 2021, compared with JD639 million in the same period in 2020.
ADNOC Distribution posts net profit of AED2.2bn for 2021
ADNOC Distribution has reported that its EBITDA stood at AED 3.1 billion, with net profit of AED2.2 billion for 2021.TAQA posts a net income of AED6bn for 2021
Abu Dhabi National Energy Company (TAQA) has posted a net income (TAQA-share) of AED6.0 billion, a jump of AED3.2 billion, for the year ended December 31, 2021.
ADCB’s H1 net profit surges 76% to AED 2.524 billion
Abu Dhabi Commercial Bank has reported a 76 per cent jump in first-half net profit to AED2.524 billion on the back of higher fee income, lower cost of funds and improved cost to income ratio.
