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Gulf must consider flexible exchange rate: bankerQatar and other Gulf states should consider moving to a more flexible exchange rate from long-entrenched pegs to the US dollar, to better manage inflation risk in the next decade, a senior Qatar c More… |
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Deutsche Bank named top FX bank in MideastDeutsche Bank has been named the leading forex (FX) bank in the Middle East with 16.15 per cent of overall market share. This is attributed to the significant investment Deutsche Bank made in upgrading its pricing and distribution syste More… |
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Orascom Telecom suffers $204m loss in Q1Egyptian mobile phone operator Orascom Telecom Holding said on Wednesday it swung to a net loss in the first quarter of 2013, blaming foreign exchange losses and impairment of some assets. More… |
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Egypt accepts bids for $38.5m at forex auctionThe Egyptian central bank sold $38.5 million to banks in a foreign currency auction on Monday, with a cut-off price of 6.8765 Egyptian pounds to the dollar. The cut-off price at an exceptional foreign currency auction held on Sund More… |
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Egypt c.bank tightens dollar trading bandEgypt's central bank has tightened the pound's trading band in the interbank foreign exchange market in an apparent move to slow the currency's decline, a forex dealer at a Cairo bank said on Monday. Banks may now only More… |
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Regional forex trader ‘needs unique perspective’Trading currencies in the Arab World requires a unique perspective apart from experience, says Tom Cleveland, an expert in forex trading. Innovations in technology have reshaped nearly every thing that we now do in this modern electronic w More… |
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Egypt forex reserves drop slowsA decline in Egypt's net foreign reserves slowed dramatically in February, reducing pressure on the central bank to allow a rapid devaluation of the country's currency. Foreign reserves fell by only $636 million after having tumbled by cl More… |
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iForex offers personal training in ArabiciForex, a global financial service provider that allows clients to trade forex and CFDs, is now offering all new and existing clients 1-on-1 personal training in all languages supported by iForex, including Arabic. In this training methodo More… |
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FXOpen backs Abu Dhabi forex summitFXOpen, one of the leading forex brokerage companies, will participate and act as the exclusive main sponsor at an upcoming major forex and investment summit in Abu Dhabi. The ninth Middle East Forex & Investment Summit, organized by t More… |
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Barclays launches online forex monitorUK-based Barclays Wealth, a leading global wealth management firm, has launched a free online tool which monitors foreign exchange rates for its clients. Barclays Wealth iAlert allows clients to monitor up to 75 currency pairs, with subscr More… |
