currency
Iran moves to strike 4 zeroes from its battered currency
Middle East
August 22, 2019
Iran moves to strike 4 zeroes from its battered currency
TEHRAN, Iran (AP) — Iran’s president sent a bill to parliament Wednesday that would cut four zeroes from the value…
Facebook’s Libra currency under fire
Technology
July 14, 2019
Facebook’s Libra currency under fire
Facebook’s planned virtual unit Libra, already under heavy attack from US President Donald Trump and global regulators, faces skepticism among…
Facebook plans its own currency for 2 billion-plus users
Technology
June 18, 2019
Facebook plans its own currency for 2 billion-plus users
SAN FRANCISCO (AP) — Facebook already rules daily communication for more than two billion people around the world. Now it…
US dollar price in Egypt continues decline
Business
May 27, 2019
US dollar price in Egypt continues decline
On Monday, the US dollar saw a two-piaster decline in Egypt’s banks. In the National Bank of Egypt, it recorded…
US dollar rate in Egypt declines
Economy
May 6, 2019
US dollar rate in Egypt declines
On Monday, the US dollar saw a two-piaster decline in Egypt’s banks. In Banque Misr and the National Bank of…
UAE says changing oil trading currency from dollar can’t be done overnight
Middle East
April 8, 2019
UAE says changing oil trading currency from dollar can’t be done overnight
DUBAI (Reuters) – The United Arab Emirates’ energy minister said on Monday that the use of the U.S. dollar as…
Lira wobbles as U.S. ties with Turkey fray
Middle East
March 29, 2019
Lira wobbles as U.S. ties with Turkey fray
ISTANBUL (Reuters) – Turkish President Tayyip Erdogan’s fiery anti-U.S. rhetoric helped spark a currency collapse in 2018 that plunged his…
US dollar makes record decrease against Egyptian pound
Business
March 18, 2019
US dollar makes record decrease against Egyptian pound
The US dollar exchange rate witnessed a record decrease, the lowest in 2 years, on Monday against the Egyptian pound,…
Ghost workers sap Tunisia’s phosphate wealth
Middle East
March 7, 2019
Ghost workers sap Tunisia’s phosphate wealth
METLAOUI, Tunisia – Tunisia’s state phosphate firm CPG pays Abdel-Basset Klifhi a salary of $280 a month, even though he…
Central Bank of Egypt bans circulation of banknotes with phrases
Economy
March 4, 2019
Central Bank of Egypt bans circulation of banknotes with phrases
The Central Bank of Egypt (CBE) announced on Monday it would ban the circulation of any banknotes bearing textual phrases,…