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UK exports rise as manufacturers benefit from weaker poundThe UK manufacturing output and orders grew over the last quarter, with export volumes growth the strongest for two and half years, according to the latest quarterly Confederation of British Industry (CBI) Industrial Trends Survey. More… |
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Minimal Brexit impact expected in the Middle EastAs many come to terms with the result of the June 23, 2016, British referendum to leave the European Union, many are considering whether there may be a ripple effect as far away as the Middle East. With clients approaching Hamish More… |
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Pound hits new 31-year low on Brexit worriesSterling hit a fresh 31-year low against the dollar on Tuesday, as investors worried about the economic and financial fallout of Britain's vote to leave the European Union. The pound, the asset that has borne the brunt of mark More… |
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Britain votes to leave EU, Cameron quits, markets rockedBritain has voted to leave the European Union, forcing the resignation of Prime Minister David Cameron and dealing the biggest blow since World War Two to the European project of forging greater unity. Global stock markets plunged More… |
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Britain votes to leave EU in historic divorceBritain has voted to leave the European Union, results from Thursday's landmark referendum showed, an outcome that sets the country on an uncertain path and deals the largest setback to European efforts to forge greater unity since World War More… |
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Brexit declared victorious, global markets in chaosSeveral major British media outlets, including the BBC, declared that the UK had voted to leave the European Union as sterling plummeted to its lowest level since 1985 and global markets were roiled. The British currency fell as m More… |
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Gulf allies' funds to arrive in Egypt ‘within days’Central bank deposits that Egypt's Gulf allies pledged at an investment summit will arrive in the country within days, the state news agency quoted central bank governor Hisham Ramez as saying on Monday. Kuwait, Saudi Arabia a More… |
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Egypt allows pound to fall as inflation concern easesEgypt's central bank let the pound weaken on Monday for the second day running, a move analysts said was aimed at stamping out a thriving black market as inflation concerns ease. The bank allowed the pound reach 7.24 pounds pe More… |
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Egypt pound hits new low as cbank sells forexThe Egyptian pound weakened on Wednesday at an exceptional central bank sale of $1.1 billion aimed at supplying dollars to importers of essential foodstuffs, allowing it to hit a new all-time low in the official market. In a count More… |
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Egypt's pound strengthens at cbank currency saleEgypt's pound edged stronger at a central bank foreign currency sale on Monday. The central bank sold $38.8 million with a cut-off price of 6.8800 Egyptian pounds per dollar versus 6.8802 pounds at its last sale on October 10, More… |
