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Russia enforces stricter currency exchange rules

Russia has put into force measures to keep a closer eye on exchanges from rubles to foreign currency. The Russian Central Bank has decreed that

28/12/2015

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Russia issues banknote dedicated to Crimea

Russia has issued a new banknote dedicated to Crimea, the Ukrainian peninsula it annexed last year. It is a move that is certain to anger Kyiv, which

23/12/2015

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Macri scaps currency controls and floats Argentine peso

The new Conservative government in Argentina has wasted little time in making an economic break with the recent past by floating the peso and

17/12/2015

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Fear spreads across markets ahead of Fed rate decision

In this week’s Business Middle East we take a look at global markets’ performance ahead of the US interest rate decision. With the countdown underway

15/12/2015

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Sweden 'on way to becoming cashless society'

Cash is falling out of favour in Sweden, according to a research study at the Royal Institute of Technology in Stockholm. Many Swedes like people

14/12/2015

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Police raid home of rumoured Bitcoin founder

Australian police have raided the home and office of a man rumoured to be the creator of the virtual currency Bitcoin. Federal police searched Craig

09/12/2015

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Oil and currency gloom brings Christmas cheer... cheaper trees!

Amid the dark talk of debt crises, the huge oil surplus, growth slowdowns and currency problems there is some light and seasonal cheer – at least in

07/12/2015

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IMF allows Chinese yuan to enter the jet set currency club

The IMF has accepted the Chinese yuan into the club of elite currencies. IMF set to put yuan in reserve currency basket https://t.co/h7quutjx6y

30/11/2015

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China's yuan to join IMF currency basket - sources

The Chinese yuan is set to be included in the IMF’s benchmark currency basket, according to reports. Sources say a draft report by International

26/10/2015

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Egyptian pound devalues and death cross threatens the dollar

The Egyptian pound has been devalued and the US dollar index continues to struggle. The Central Bank of Egypt is struggling due to a dollar shortage

20/10/2015

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Egypt devalues pound for third time this year

Egypt’s Central Bank has devalued the pound for the third time this year. It came after the country’s foreign reserves tumbled and the currency fell

16/10/2015

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Bitcoin becomes official US commodity

Bitcoin is to be classed as a commodity in the United States along with gold and oil, according to Commodity Futures Trading Commission. It decision

18/09/2015

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Impact of EU, US data on shaky global markets

At last week’s interest rate announcement the European Central Bank President Mario Draghi’s tone seemed unencouraging, his message hinting at

08/09/2015

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Kazakhstan's currency plunges after central bank abandons USD peg

The Kazakh currency, the tenge, has lost a quarter of its value against the US dollar after abandoning a peg to the Greenback. The country’s national

20/08/2015

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Currencies riding a bumpy road

This week’s Business Middle East takes a look at global currency trading trends, and in business snapshot we look at the reactions to the new fuel

04/08/2015

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ISIL mints 'Islamic coin inspired by divine law'

First claim the territory then spread the word via a slick PR operation, then launch a currency. That is exactly what The Islamic State of Iraq and

24/06/2015

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Armenian police break up protests at electricity price rise in Yerevan

More than 5000 people took to the streets of the Armenian capital Yerevan on Tuesday morning. Blocked from reaching the presidential palace when they

23/06/2015

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Zimbabwe exchanges 250,000,000,000,000 local dollars for US$1

12/06/2015

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Unruly Britannia: pre-election uncertainty unsettles UK investors and sterling

In this edition we look at how the pound has been affected by the election campaign in the UK and discuss the impact on international oil markets of

28/04/2015

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Iran hopes to reap benefits of nuclear talks breakthrough

A major improvement in Iran’s economic prospects following the nuclear talks breakthrough has been the big business story in the Middle East in

07/04/2015