Efforts of the Turkic Council are aimed at expanding their economic cooperation, Secretary General of the organization Baghdad Amreyev said following the meeting of the foreign ministers of the countries of the Cooperation …
Russia’s national top lender Sberbank has no plans to expand its international presence, Sberbank CEO German Gref said. "We have no international expansion plans," he said. The CEO of …
Fitch Ratings downgraded Turkey’s credit rating from "BB+" to "BB-" with a negative outlook, after Turkish President Recep Tayyip Erdogan sacked governor of the central bank Murat …
Turkey has drafted a economic action plan and will start implementing it this morning to ease investor concerns, the country's Finance Minister Berat Albayrak said. In an interview with Hurriyet newspaper, Albayrak …
Turkey and Iran have reached an agreement on the exchange of Turkish lira with Iranian rial in banking transactions, Iran’s Deputy Minister of Industry, Mine and Trade Sadeq Najafi said. Speaking on the …
The Islamic Economy Forum opened in the capital of Kazakhstan, Astana, today within the Astana Finance Days. The main goal of the forum is to conduct a comprehensive and representative discussion on the economic and geopolitical growth …
It is the duty of all Iranians to help the government overcome economic problems, a senior Islamic Revolutionary Guard Corps commander General Yahya Rahim Safavi said. "It is all of our duty to work together to …
Kazakhstan's National Bank suspended the license of Bank of Astana JSC for accepting individual deposits and opening individual bank accounts, the National Bank says in a press release. The restrictions will continue being …
Turkey may use the national currencies in trade with China, President Recep Tayyip Erdogan said, Trend reports with a reference to Turkish media. Erdogan noted that Turkey and China are currently holding negotiations aimed at transition to the …
The National Bank of Kazakhstan decided to reduce the base rate from 9.75% to 9.5% with a +/- 1% corridor, the press-service of the financial controller said in a message . The report says that annual inflation continues to …
Saudi Arabia will establish an export bank with capital of $8 billion to support overseas sales by its industrial and mining projects, the country's energy, industry and mineral resources minister Khalid Al Falih said. …
The Islamic Development Bank (IDB) intends to acquire the Turkish Adabank, the head of the Banking Supervision Authority of Turkey (BDDK), Ali Akben said. He also noted, if the deal is signed, Adabank will be issued a license to operate on an …
President of Kazakhstan Nursultan Nazarbayev called for the expansion of powers of the National Bank. "Time has shown that the National Bank as a regulator needs to work in a preventive regime," he said, speaking at a joint …
Uzbekistan will allow Uzbek citizens and companies to buy and sell foreign currency at the market rate starting from September 5, the central bank announced on September 4, citing a decree signed by the president, bne IntelliNews …
The Board of the Central Bank of Uzbekistan has decided to raise the refinancing rate to 14% from 9%, the press service of the bank said in a statement. "This decision was made due to the acceleration of inflation for the past …
According to the European Commissioner for Neighborhood Policy and Enlargement, Johannes Khan, the European Union has started to cut financing the programs of the European-Turkish cooperation, for which there is no noticeable progress. …
Islamic Banking has a presence in 60 countries. The industry mushroomed to more than $1.5 trillion in assets last year from about $100 billion in the late 1990s. While it represents less than 2% of global banking assets, its share is …
The Central Bank of Iran (CBI) has announced that the country’s liquidity reached a total of 335 billion dollars in the second month of current Iranian year (began March 20). According to a report released by CBI, the total …
The national currency of Turkey fell a record amount against the backdrop of a failed coup attempt, mass dismissals in the army, courts and prosecutor's office. The lira dropped to 3.08 per the US dollar after the S&P rating …
The Central Bank of Azerbaijan (CBA) will hold a deposit auction to attract funds on July 18, the CBA said. Deposit auction is an auction during which the deposits of commercial banks are placed in the CBA. The main aim of such an …
