Saturday 21 April 2018
 
»
Tag
 
»
Foreign Exchange

UAE Central Bank gold holdings top $307 million

The UAE Central Bank's reserve of gold bars amounted to Dh1.129 billion ($307.3 million) by the end of October 2017, a growth of 11.2 per cent from Dh1.015 billion by the end of 2016. The month of April 2017 saw the Central Ba

More…

Blockchain ‘can transform UAE’s financial sector’

Blockchain technologies have the potential to revolutionize the rapidly growing financial services sector in the UAE and broader GCC region, according to a new report from global consulting and technology firm Booz Allen Hamilton.

More…

GCC money markets slowing down: report

GCC money markets are slowing down, with softening of foreign exchange, credit default swap, corporate bond and equity market pricing resulting from continued macro-economic uncertainty, a report said. Saudi Arabia, Oman and Bahra

More…

Sisi warns of harsh and tough measures to fix economy

Egyptian President Abdel Fattah al-Sisi warned citizens on Monday that tough measures would be needed to turn the country's ailing economy around as the government negotiates a $12 billion loan programme with the International Monetary Fund.

More…

Ooredoo Q1 profit jumps 75pc to $244m

Qatari telecom operator Ooredoo reported a 75 per cent rise in first-quarter net profit on Wednesday driven by foreign exchange gains from Indonesia and Myanmar. The earnings of the former monopoly, which operates in about a dozen

More…

Egypt pumps $22 billion to clear goods piled at ports

Egypt's Central Bank Governor Tarek Amer said that devaluing the Egyptian pound had attracted foreign investment worth $500 million in treasury bills and that he had pumped $22 billion into the banking system to clear goods piled at ports.

More…

Egypt pumps $22 billion to clear goods piled at ports

Egypt's Central Bank Governor Tarek Amer said that devaluing the Egyptian pound had attracted foreign investment worth $500 million in treasury bills and that he had pumped $22 billion into the banking system to clear goods piled at ports.

More…

Egypt lifts forex transaction caps for companies

Egypt's central bank has removed caps on foreign exchange deposits and withdrawals for companies, the state-owned Al Ahram newspaper reported on Wednesday, a day after lifting withdrawal restrictions for individuals. It gave n

More…

Egypt lifts FX transaction caps for individuals

Egypt's central bank removed caps on Tuesday on how much individuals can withdraw or deposit in foreign currencies at banks, a move aimed at boosting liquidity in a market that has been starved of dollars. Egypt, which relies

More…

Suez Cement ‘profit transfers hit by FX crisis’

Suez Cement, which is 55 per cent owned by Italian firm Italicementi, is struggling to transfer shareholder profits out of Egypt because of a foreign currency crisis, the Egyptian firm said on Monday. Egypt has been struggling to

More…
 1 2 3 4 5 >  Last ›

calendarCalendar of Events

Ads