The government is preparing a bill to ‘de-dollarize’ the Russian economy in response to incoming US sanctions. Drawn-up using ideas from VTB bank head Andrei Kostin, the bill could be approved by Prime Minister Dmitry Medvedev in just two weeks.
Maybe it's time to schedule that shopping trip to New York: the single currency has hit its strongest level against the dollar in over two years.
President Trump says he wants to unveil a tax reform plan as early as Wednesday but there's speculation it will just be tax cuts without details.
Iran’s currency, the rial, has hit an all-time record low against the U.
The Rhouhani government approved on Wednesday a call by central bank to replace the rial with the more colloquially and historically known toman
The US dollar has been boosted by Donald Trump's election victory and spending plans, and political and economic worries in Europe, Britain and Japan.
European shares were down early on Wednesday in the wake of the shock election result in the US but then rallied
US job growth increased solidly in November – another sign that the economy is holding up – and for many another reason for the Federal Reserve to
One week after the People’s Bank of China devalued the yuan Business Middle East focuses on reactions to the central bank’s latest action which was
Gold appears to be losing its lustre after shedding 4% of its value in a turbulent week. Morgan Stanley indicated a worst-case scenario of a drop to
In this edition of Business Middle East we look at the impact of turbulence in the Chinese markets and moves to strengthen dollar resources in Egypt
If you suffer from Arithmophobia (fear of numbers) you might want to stop reading now.
The Zimbabwean central bank is offering to convert