January 27, 2013
Devaluation of currency by certain countries to make them more competitive in the global market has raised fears of a “currency war” — a move that Saudi Arabia says would have a negative impact on the world economy.
January 1, 2013
The new monetary foreign exchange regulations, enacted by the Central Bank of Egypt (CBE) on Sunday, will help curb speculation on the US dollar in the domestic market and maintain a low rate of inflation, said the country’s top bankers.
December 31, 2012
The Egyptian pound plummeted to an eight year low against the US dollar on Sunday afternoon, following a currency auction in which the Central Bank sold $75 million to local banks.
December 30, 2012
The Central Bank of Egypt (CBE) announced on Sunday several procedures to preempt a looming foreign currency crisis, including putting a limit on corporate cash withdrawals at $30,000 per day, Reuters reported.
November 20, 2012
Remittances from expatriates to Jordan have increased 5.5 per cent to $3.1 billion, in what could be seen as Jordanian's who living abroad trying to help their families more as the cost of living increases in the Kingdom.
November 18, 2012
Oman will issue five-year government development bonds worth OR100m ($260m) at an annual interest rate of 3.25 percent, a statement from the central bank of Oman said on Saturday.
October 23, 2012
Rising expatriates’ remittances have pushed up sharply the demand for the Jordanian dinar in recent weeks, according to the top representative of moneychangers.
An Iranian opposition group has claimed that an official in the country defied United Nations sanctions to build an international money laundering network that funds black market equipment purchases by the regime.
October 17, 2012
Switzerland has blocked around $753 million in assets tied to Egypt's ex-president Hosni Mubarak and his entourage, the Swiss foreign ministry said on Tuesday.
October 14, 2012
Inflation in Palestine is on the rise, as the overall Consumer Price Index increase by 1.42 per cent, when compared to September, fuelled by a15.49 per cent increase in fresh vegetables and other food stuffs.
October 11, 2012
Tehran's top cleric Ali Khameni said that the sanctions weren't an effective deterrence as the rial nosedived last week, in what could be a nod to growing frustration with President Ahmadinejad's 'Lame Duck' presidency.
October 8, 2012
The tunisian economy is set to grow by 4.5% in 2013, up from 3.5% in 2012 in a sign that the economy of the North African country could be improving after the Arab Spring.
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.