Wednesday 31 August 2016
 
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exchange

Bitcoin worth $72m stolen from HK exchange

Nearly 120,000 units of digital currency bitcoin worth about $72 million was stolen from the exchange platform Bitfinex in Hong Kong, making it the second-biggest security breach ever of such an exchange. Bitfinex is one of the la

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Morocco aims for flexible currency system

Morocco is aiming to introduce a flexible currency exchange system in the early part of 2017, its central bank governor said on Sunday. "We are considering the move currently from fixed exchange rate to a flexible exchange ra

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Boursa Kuwait starts managing KSE

Boursa Kuwait has officially assumed responsibility for the management of the Kuwait Stock Exchange’s (KSE) operations, it announced today. The hand-over follows the implementation of a detailed operational plan and strategic road

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LuLu International exchange opens branch in Bahrain

LuLu International Exchange, the remittance and foreign exchange division of Middle East retail major LuLu Group, inaugurated a new branch in Umm Al Hassam, Bahrain, said a report in the Gulf Daily News (GDN), our sister publication.

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Egypt opts for more flexible exchange rate policy

Egypt's central bank devalued the pound on Monday and said it would move to a more flexible exchange rate policy in an effort to rebalance markets and ease a foreign exchange shortage that had stifled business activity and hit confidence.

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UAE Exchange chief wins 'Finance CEO of the Year' award

The UAE Exchange's chief has been named the 'Finance CEO of the Year' at the Indian CEO Awards 2016, in recognition for business excellence and his achievements over the course of the past year.   Pro

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Al Noor, Mediclinic shares start trading on LSE

Al Noor Hospitals Group and Mediclinic International has begun trading shares on the London Stock Exchange.   The newly enlarged Mediclinic Internatinoal now boasts 73 hospitals and 43 clinics in Southern Africa,

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Dubai police nab 6 in exchange robbery case

Dubai Police has arrested all the six members of an armed gang involved in a brazen daylight robbery at Al Razouki Exchange in Karama area of the city last week, said a report. Four masked men had burst into the exchange at around

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UAE Exchange marks customer service week

UAE Exchange, a leading global remittance, foreign exchange and payments brand, celebrated its customers during the International Customer Service Week, across its operations globally.   Its penchant for quality

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Lebanon launches exchange offer on 8.5pc Eurobond

The Lebanese Republic is offering to exchange any or all of its $750 million 8.5 per cent January 2016s for new debt maturing in November 2024 and 2028, according to a regulatory filing.   The sovereign is lookin

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