Monday 22 December 2014
 
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black market

Egypt cbank to act to control currency black market

Egypt's central bank will take measures to calm the black market in the Egyptian pound, its governor said on Wednesday, after volatility this week due to a surge in commercial demand for dollars. Hisham Ramez gave no details o

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400 websites seized in global operation

US and European authorities on Friday announced the seizure of more than 400 secret website addresses and arrests of 16 people in a sweep targeting black markets for drugs and other illegal services. The developments were announce

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Black market organs trade on the rise in Saudi

The black market organs trade is on the upward trend in Saudi Arabia, with more than 400 nationals buying organs, mainly kidneys, for illegal transplantation in the last two years, a report said. “A total of 220 Saudis bough

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Egypt pound drops as Friday protests loom

The Egyptian pound weakened on the black market ahead of planned Friday protests in support of ousted President Mohamed Mursi, hurt by fears of more deadly clashes with police, traders said. But the pound strengthened marginally a

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Egyptian pound steady on black market

The Egyptian pound was stable on the black market on Wednesday while its official price edged higher after the central bank sold foreign currency. The central bank has been in a stronger position to support the pound since Gulf Ar

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Alcohol ban 'will lead to black market'

A senior municipal councillor in Bahrain yesterday warned MPs against trying to ban alcohol, saying it will be catastrophic for the country. It follows a call to ban alcohol by MP Abdulhakeem Al Shemri during parliament's weekly session on

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Rice black market rocks inflation-hit UAE

A black market for rice has emerged in the United Arab Emirates after government efforts to limit inflation through targeted price controls pushed rice supplies off store shelves, traders and consumers say. The ministry of economy of the s

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