Banque du Liban appointed Nassib Ghobril as new chief economist
Banque du Liban appointed Nassib Ghobril to the newly created chief economist role, placing the former Byblos Bank researcher in charge of its economic analysis department.
Lebanon reportedly questioned 40 bankers over $100 million in overseas transfers
Lebanon’s financial prosecutor reportedly questioned 40 bankers from eight institutions over $100 million transferred abroad, while ordering the funds returned to frozen accounts under judicial supervision.
Tunisia’s central bank held policy rate at 7% as inflation rose
Tunisia’s central bank held its policy rate at 7% after September inflation rose to 5.6%, while warning that energy costs and weaker external balances increased upside risks.
Egypt’s provisional foreign reserves rose to $57.348 billion in September
Egypt’s provisional net international reserves increased by $133.7 million in September to $57.3482 billion, a 0.23% monthly gain and the highest reported level of 2026.
ADIB shareholders approved AED1.75 billion rights issue for Vision 2035 growth
ADIB shareholders approved an AED1.75 billion rights issue comprising up to 106.383 million new shares, advancing the UAE bank’s capital plan while final terms await regulatory approvals.
Turkey’s central bank said deposits rose TRY800 billion amid fund turmoil
Turkey’s central bank said a significant share of investment-fund outflows moved into deposits as total deposits rose TRY800 billion, while it found no system-wide contagion risk.
UAE bank credit surged AED72.4 billion during August, regulator reported
UAE bank credit rose 2.6% by AED72.4 billion to AED2.87 trillion in August, as lending to individuals and companies drove faster balance-sheet expansion across the banking system.
UAE’s Mashreq appointed Rajeev Bhatnagar as group chief risk officer
Mashreq appointed former BNY executive Rajeev Bhatnagar to lead group risk management, strengthening senior oversight as the UAE bank expands lending, deposits and international operations.
Egypt’s CIB committed up to EGP2 billion to MNT-Halan’s proposed listing
CIB agreed to invest up to EGP2 billion as a cornerstone buyer in MNT-Halan’s proposed Egyptian offering, adding an anchor investor before final regulatory clearance.
UAE’s NEOPAY agreed to buy 65% stake in noon payments
NEOPAY signed a definitive agreement for a 65% controlling stake in noon payments, extending its merchant payments platform across the UAE, Saudi Arabia and Egypt.
Türkiye’s Halkbank pressed ahead with planned secondary offering despite market turmoil
Halkbank’s chief executive said the Turkish lender remained committed to a secondary offering after filing to raise nominal capital by about TRY1.8 billion through new shares.
UAE and Morocco central banks signed supervisory and payments cooperation agreements
The UAE and Moroccan central banks signed two agreements covering supervisory information-sharing, Islamic finance and possible links between their instant-payment platforms, national card switches and financial-messaging systems.