currency
Turkey building boom turning to bust as economy slows
Middle East
January 9, 2019
Turkey building boom turning to bust as economy slows
Deep in a provincial region of northwestern Turkey, it looks like a mirage — hundreds of luxury houses built in…
CBE to release plastic banknotes by 2020
Business
December 12, 2018
CBE to release plastic banknotes by 2020
Central Bank of Egypt (CBE) Governor Tarek Amer said Wednesday that the new plastic banknotes the CBE intends to release…
Economists praise CBE’s decision to issue plastic notes by 2020
Economy
December 9, 2018
Economists praise CBE’s decision to issue plastic notes by 2020
The Central Bank of Egypt (CBE) announced on Wednesday that the government would issue LE5 and LE10 plastic banknotes…
Exclusive: Libya sees currency stabilizing next year, squeezing militia
Middle East
November 21, 2018
Exclusive: Libya sees currency stabilizing next year, squeezing militia
TRIPOLI (Reuters) – Libya expects to end a long-running liquidity crisis by early 2019 as a foreign currency tax…
Iran vows to ‘proudly bypass’ US sanctions
Middle East
November 5, 2018
Iran vows to ‘proudly bypass’ US sanctions
Iran’s President Hassan Rouhani said the Islamic republic “will proudly bypass sanctions” by the United States that took effect on…
Rouhani reshuffles economic team, says U.S. isolated against Iran
Middle East
October 28, 2018
Rouhani reshuffles economic team, says U.S. isolated against Iran
DUBAI (Reuters) – Iran’s parliament approved a government economic reshuffle on Saturday, days before new U.S. sanctions on Tehran’s oil…
Iran’s Rouhani appoints new economy minister in reshuffle
Middle East
October 21, 2018
Iran’s Rouhani appoints new economy minister in reshuffle
DUBAI (Reuters) – Iranian President Hassan Rouhani appointed academic Farhad Dejpasand as the new economy and finance minister in a…
China not manipulating currency but lacks transparency, US says
Economy
October 18, 2018
China not manipulating currency but lacks transparency, US says
Washington on Wednesday again declined to call China a currency manipulator but said the yuan’s fall and Beijing’s exchange practices…
Standard Chartered expects 5.5% growth for Egypt in 2019
Economy
October 17, 2018
Standard Chartered expects 5.5% growth for Egypt in 2019
Standard Chartered projected on Tuesday that the gross domestic product (GDP) growth rate of Egypt will rise by 5.5 percent…
Saudi currency at weakest in two years on Khashoggi case
Middle East
October 15, 2018
Saudi currency at weakest in two years on Khashoggi case
DUBAI (Reuters) – Saudi Arabia’s currency fell to its lowest level in two years and its international bond prices…