Thursday 18 December 2014
 
»
Tag
 
»
Currency

Boao Forum focus on currency, infrastructure

Currency and infrastructure were the two main topics that panellists and attendees chewed over during the Boao Forum, held recently in Dubai, UAE. Solving the issues around these central tenets was deemed imperative to both succes

More…

Qatar to become first Mideast clearing hub for China's yuan

Qatar will become the Middle East's first hub for clearing transactions in the Chinese yuan, in a step that could over the long run help Gulf oil exporting countries reduce their dependence on the US dollar. Industrial and Com

More…

China signs $6bn currency swap with Qatar

China's central bank has signed a 35 billion yuan ($5.7 billion) currency swap deal with its Qatari counterpart, in a step towards expanding use of the Chinese yuan in a region long dominated by the US dollar. The deal is expe

More…

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

More…

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.  

More…

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

More…

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

More…

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.

More…

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.

More…

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

More…
 1 2 3 4 5 >  Last ›

calendarCalendar of Events

Ads