Forex

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FREG turns up the heat on grey transactions
December 23, 2014 - 07:31 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.

October 3, 2012

Protest erupt in Tehran as the rial's value plummets
13:41 GMT

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.

Palestine's stock market finished the days trading by recording a loss of 0.74 points
12:07 GMT

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.

The Central Bank of Iraq is planning to ease restrictions on the sale of Dollars
10:14 GMT

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 exchange supplies for five months, contradicting IMF statements
11:08 GMT

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

Jordan has highlighted the need to reduce bureaucracy to help setup a new logistics center in Hungary
09:17 GMT

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 rial nosedived to a record low against the dollar as people seek safer places for their money
09:55 GMT

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 exploration off the coast of Lebanon could be almost worthless if the Eurozone crisis continues
08:56 GMT

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

Following violent protests over the state of the economy, new statistics reveal a worsening situation
12:23 GMT

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

Joint Saudi and Singapore venture to increase business in both nations
10:16 GMT

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.

Egypt's trade deficit increased again as exports diminished, according to the latest statistics
09:04 GMT

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 offer aid to Egypt as the post-Mubarak economy struggles
09:09 GMT

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

Shari'ah compliant companies are doing well, according to Dow Jones
11:58 GMT

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

More than 150 attendees witnessed Canon’s latest colour printer aimed at improving efficiency, security and lower environmental impact
09:13 GMT
(press release)

Canon Middle East gathered key corporate customers in Abu Dhabi to launch its much anticipated imageRUNNER ADVANCE C2000 series to the UAE customers.