Tuesday 21 October 2014
 
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Currency

New UAE rules aim to develop local bond, sukuk markets

New rules issued by the UAE's securities market regulator aim to develop local currency bond and sukuk markets in the Arab world's second biggest economy. In meetings with potential issuers and financial firms in Abu Dhabi

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Sama issues new currency worth $266m

The Saudi Arabian Monetary Agency (Sama) has issued new Saudi riyal currencies worth SR1 billion ($266.6 million) to meet growing demand during Eid Al-Fitr, said a report.  

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Suez Canal revenue up 9.7pc in June

Revenue from Egypt's Suez Canal was $443.9 million in June compared with $404.6 million in the same month a year ago, the State Information Portal said on Monday. May revenues stood at $471.1 million. The waterw

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DGCX crosses 5m contracts in H1

Dubai Gold and Commodities Exchange (DGCX) has registered more than 5.75 million contracts in the first half of the year, with a value of more than $172 billion.   The currency futures traded 5.34 million contrac

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Libyan currency under pressure

Libya's currency is under heavy pressure as a breakdown in security and a collapse of oil revenues due to port blockades have badly disrupted public finances and an economy already burdened by exploding state salary and subsidy bills.

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Germany, Chinese banks in key agreement

The central banks of Germany and China have signed an agreement to facilitate transactions in the Chinese currency in Frankfurt, the Bundesbank said, making Germany's financial capital the first hub for such payments in Europe.

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Suez Canal revenues to hit record $5.5bn

Revenues from Egypt's Suez Canal, one of the country's main sources of foreign currency, are expected to reach $5.5 billion in the current fiscal year, the head of the authority that manages the waterway said. Suez Canal A

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Why the underworld loves bitcoin

Criminals may already have made off with up to $500 million worth of bitcoins since the virtual currency launched in 2009 - and you can double that if it turns out they emptied Mt. Gox. Internet criminals, security experts say, ar

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Bitcoin ATMs to open soon in US

Robocoin said on Tuesday that later this month it will install the first automated teller machines (ATM) in the US that let users buy and sell bitcoin, the latest step into the mainstream for the digital currency. The kiosks, to b

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Bitcoin hit by denial of service attacks

Bitcoin is being hit by attacks from unknown computer hackers who are sending "mutated" lines of code into the program that runs the virtual currency, a spokeswoman from its main trade organization said in a statement. T

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