Tuesday 23 May 2017
 
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Currency

Currency fluctuation hits Dubai property market

An analysis of major cities that rely on foreign inflows for real estate purchases have shown mixed trends on the fluctuation of the dollar, said a report by property experts. There is a moderately strong inverse correlation between mon

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Currency fluctuation hits Dubai property market

An analysis of major cities that rely on foreign inflows for real estate purchases have shown mixed trends on the fluctuation of the dollar, said a report by property experts. An analysis of property prices over the last 10 years in the

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Dubai 'could lose international shopper's paradise' label

The UAE is becoming increasingly expensive for tourists and shoppers as the US dollar continues to appreciate, meaning Dubai could likely lose its coveted status as an 'international shopper's paradise' if the currency pressure persi

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Indian banks, ATMs continue to see chaos

India continues to see chaos at its banks and ATM machines, three days after the Prime Minister demonetized the country's 500 ($7) amd 1,000 ($15) rupee notes as part of anti-corruption measures, said a report. People queued u

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Egypt non-oil business activity slows in August

Business activity in Egypt shrank for the 11th consecutive month in August as data for output, new orders, and employment deteriorated, with purchase prices rising sharply amid a hard currency shortage, a survey on Monday found. T

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Egypt non-oil business activity slows in August

Business activity in Egypt shrank for the 11th consecutive month in August as data for output, new orders, and employment deteriorated, with purchase prices rising sharply amid a hard currency shortage, a survey on Monday found. T

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Gulf states must cut deficits to keep pegs: IMF

Gulf oil exporters must cut spending and narrow their budget shortfalls to keep their currencies pegged to the dollar, the International Monetary Fund said. While substantial foreign assets have allowed the six members of the GCC

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FERG launches drive against fake bank notes

The Foreign Exchange and Remittance Group (FERG), comprising businesses engaged in money exchange and remittances, recently organised a high-powered training session to raise awareness of counterfeited bank notes. The session, hel

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Morocco aims for flexible currency system

Morocco is aiming to introduce a flexible currency exchange system in the early part of 2017, its central bank governor said on Sunday. "We are considering the move currently from fixed exchange rate to a flexible exchange ra

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UAE cbank chief sees no pressure on dirham

The governor of the United Arab Emirates central bank said on Sunday that he doesn't believe there is any pressure on the country's currency and that any volatility seen in the forwards market has been limited. Mubarak Ras

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