currency

Turkey building boom turning to bust as economy slows
Middle East

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

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

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

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

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

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

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

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

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

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…
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