currency

Lebanese central bank says pound stable, urges fiscal reform
Middle East

Lebanese central bank says pound stable, urges fiscal reform

BEIRUT (Reuters) – Lebanon’s pound is stable and the central bank has the means to defend its stability, central bank…
Iran eases currency rules, hoping to buoy rial ahead of sanctions
Middle East

Iran eases currency rules, hoping to buoy rial ahead of sanctions

ANKARA (Reuters) – Iran will ease foreign exchange rules, state TV reported on Sunday, in a bid to halt a…
Iran currency extends record fall as U.S. sanctions loom
Middle East

Iran currency extends record fall as U.S. sanctions loom

DUBAI (Reuters) – Iran’s currency hit a new record low on Sunday, dropping past 100,000 rials to the U.S. dollar…
Four Egyptians arrested in Kuwait for selling $7 mn on the black market
Egypt

Four Egyptians arrested in Kuwait for selling $7 mn on the black market

Kuwaiti newspaper Al-Rai reported on Friday that four Egyptians have been arrested by Kuwaiti police for possession of $7 million,…
US dollar falls to 3-year low as world leaders visit Davos
Business

US dollar falls to 3-year low as world leaders visit Davos

The US dollar fell to a three-year low on Wednesday after Treasury Secretary Steven Mnuchin praised the devaluation of the…
Fitch Ratings raises Egypt’s financial outlook to ‘positive’
Business

Fitch Ratings raises Egypt’s financial outlook to ‘positive’

Fitch Ratings Inc., one of the three biggest credit rating agencies in the world, raised Egypt’s long-term Foreign-Currency Issuer Default…
US dollar continues to decline against euro
Business

US dollar continues to decline against euro

Gold prices rose on Thursday, nearing the highest level in four months, after a stronger tone from the European Central Bank (ECB) in…
Average yields on Egypt’s 3- and 7-year T-bonds rise at auction
Economy

Average yields on Egypt’s 3- and 7-year T-bonds rise at auction

Average yields on Egypt’s three-year and seven-year treasury bonds rose at an auction on Monday, central bank data showed. The…
Mideast Money: Surge in foreign fund inflows sets stage for Egyptian boom
Egypt

Mideast Money: Surge in foreign fund inflows sets stage for Egyptian boom

Encouraged by Egypt’s economic reforms, a major gas find, streamlined business rules and a devalued currency, investors are increasingly optimistic…
Egypt’s Dar al-Iftaa deems Bitcoin currency as forbidden in Islam
Egypt

Egypt’s Dar al-Iftaa deems Bitcoin currency as forbidden in Islam

  Republican mufti Councellor Magdy Ashour issued a Fatwa (Islamic ruling) that deems the Bitcoin virtual currency as forbidden by…
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