April 09, 2015 - 06:53 GMT
Traders are rushing towards dollar because of the improving economic indicators in the US economy and the perception that the Federal Reserve is going to hike interest rates in the second half of 2015.
April 07, 2015 - 08:20 GMT
The Dubai index extended gains for sixth straight day on Monday to hit its highest level in nearly a month buoyed by positive performance in crude oil prices.
December 29, 2014 - 15:00 GMT
Expanding its suite of Emerging Market (EM) products, the Dubai Gold and Commodities Exchange, DGCX, today announced the launch of three new currency contracts – Russian Ruble Futures, Korean Won Futures and South African Rand Futures. The new contracts went live on Friday, December 26th.
December 23, 2014 - 08:31 GMT
UAE’s Foreign Exchange and Remittance Group (FERG) has turned up the heat on money laundering and frauds at its recent anti money laundering (AML) and combating terrorist financing (CTF) conference in Dubai.
Weren't they doing that anyway? Israel Electric threatens to cut off electricity to Palestinians over $435 million dispute
May 07, 2014 - 03:55 GMT
The Palestinians owe Israel Electric Corporation NIS 1.5 billion (435 million USD) , and the debt grows NIS 80 million (23 million USD) a month.
August 25, 2013 - 12:56 GMT
“We want our money [back], we are going hungry. We have too many problems. We have to pay our rent, everything else,” said an Indian resident who invested $78,800.
June 26, 2013 - 10:44 GMT
The cost of insuring Egypt's debt against default has risen to record highs in the five-year credit default swap market, according to Markit, on concerns about political unrest.
June 26, 2013 - 07:07 GMT
Reserve assets of Saudi Arabian Monetary Agency (SAMA) increased by 16 percent in May to SR 2.57 trillion, the highest in its record for three consecutive months, according to Al-Eqtisadiah newspaper.
June 25, 2013 - 06:00 GMT
As mounting concern about the United States reducing fiscal stimulus continued to spur a selloff in most emerging markets, Dubai’s benchmark stock index dropped the most in more than a year.
June 23, 2013 - 12:09 GMT
Tunisia's first issue of a sukuk (Islamic bond) is likely to be postponed to next year, adding to pressure on government finances, because of disruptions to legislative business.