Tag Archives: Bank

Saudi Arabia to Inject $3 Billion into Central Bank

Pakistan said Wednesday that Saudi Arabia would deposit $3 billion into its central bank to help boost the underfunded Islamic nation’s foreign exchange reserves. Shaukat Tarin, a top official at Pakistan’s Ministry of Finance, also said on Twitter that Saudi Arabia would also supply Pakistan with $1.2 billion worth of …

Read More »

European Central Bank Tests Climate Risk Resilience Next Year

The European Central Bank (ECB) said Monday it plans to conduct several “climate stress tests” on banks between March and July next year to assess the resilience of the euro financial zone against environmental disturbances. European banking watchdogs want to “identify vulnerabilities, best management practices and challenges” faced by the …

Read More »