Forex
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October 8, 2012
Egypt's net international reserves fell a monthly $87 million to reach $15.04 billion in September, the Central Bank of Egypt (CBE) announced on Monday.
October 4, 2012
As the Iranian economy falters with the rial nosediving to record levels against the dollar, and protests erupting in the capital Tehran, U.S. Secretary of State Hillary Clinton has said that that sanctions on Iran could be " remedied in short order" if the Republic works sincerely to deal with its alleged nuclear programme.
October 3, 2012
Protests have erupted in Tehran over the plummeting value of the the rial after police moved in to close down money-exchangers in the capital.
The Al-Quds Index of the Palestine Exchange (PEX) closed Wednesday’s trading at 435.82 points, a decrease by 0.74 points (0.17%) compared to Tuesday’s trading, according to the PEX daily report.
As Iran restricts the sale of foreign currencies, Iraq is easing the sale of Dollars in an effort to boost the Iraqi Dinar after the exchange-rate stabilised.
October 2, 2012
Sudan has enough foreign exchanges reserve to cover five months worth of imports, despite claims to the contrary by the IMF, according to the head of the central bank.
October 1, 2012
As Jordanian MPs head to Hungary, Zeid Naffaa, Jordan’s honourary consul in the country says that bureaucratic procedures need to be overcome to establish the center
September 30, 2012
Iran's currency, the rial, dived six per cent to a new low of around 28,600 to the dollar in open trading yesterday, deepening a month-long sell-off, according to exchange tracking websites
September 27, 2012
Gas extraction off the coast of Lebanon could be almost worthless if the Eurozone crisis continue to roll on, a leading expert had claimed.
September 24, 2012
Palestine's Balance of Payment deficit increased in the second quarter of 2012, according to statistics released by Palestinian Central Bureau of Statistics (PCBS) and Palestine Monetary Authority (PMA).
September 18, 2012
Saudi Arabia and Singapore yesterday agreed to establish a joint company with a capital of SR 100 million for investment in real estate, health, energy, water and IT projects.
The Egyptian economy took another blow as the trade deficit increased 49 per cent on the previous month, according to the lastest statistics. The increase was down to increased important as exports from 17.6 per cent in June.
September 16, 2012
Turkey is to give Egypt $2 billion dollars in aid, to support the economy, which has suffered since the 2011 Arab Spring uprising, forcing Hosni Mubarak from office.
September 10, 2012
Companies that are Shari'ah compliant are doing well, accord to the Dow Jones Islamic Market GCC, which measure the performance of such companies, registering a 2.3% growth in August.
February 21, 2011
Canon Middle East gathered key corporate customers in Abu Dhabi to launch its much anticipated imageRUNNER ADVANCE C2000 series to the UAE customers.
