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World News

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

Economy

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

Economy

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

Economy

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

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Business Series

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

Economy

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

Economy

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

Business Series

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

Russia

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

Business Series

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

Syria

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

Armenia

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

Zimbabwe

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

Business Series

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

Business Series

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

Kazakhstan

Putin in Kazakhstan for talks

Russian president Vladimir Putin has met with the president of Belarus, Alexander Lukashenko, and the president of Kazakhstan, Nursultan Nazarbayev

Business Series

Egypt's investment charm offensive and the euro's mixed fortunes

Welcome to business Middle East. In this edition we look at possible scenarios for the euro, and in the business snapshot, Egypt opens its arms wide

Economy

Americans get more bang for their buck in Europe as euro slides

Americans travelling to Europe are getting more bang for their buck, as the euro slides towards parity with the dollar.

My Europe Series

Businesses struggle to adapt to strong Swiss franc

When the Swiss central bank stopped its currency peg against the euro, the price of Swiss goods and holidays spiked sharply for eurozone visitors.

Business Series

BoE uncertainty on inflation unsettles world and MENA markets