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Finance & Markets

Rwanda: What Rwanda's New Central Bank Law Really Changes

[New Times] On 24 July 2026, Rwanda published Law No. 033/2026 of 24/07/2026 governing the National Bank of Rwanda (the 2026 Law). Most commentary focuses on what the law says today. I find it more useful to ask where it comes from, as it is the latest milestone on a journey that began in 1964, two years after Rwanda's first Constitution. Since then, the central bank's legal framework and the…

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Saudi Arabia Turns to Singapore for Oil Storage

Saudi Arabia has struck a deal with the Singaporean government to store crude oil in underground caverns in the city-state, Bloomberg reported today.

  • Saudi Arabia partners with Singapore to store crude oil.
  • Jurong Rock Caverns facility can hold 1.47 million cubic meters.
  • Agreement aims to boost supply chain resilience amid Houthi attacks.

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