Russia

Could Russia's plan to shun the dollar boost its economy?

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.

4 October 2018

United Kingdom

British pound hits post-Brexit referendum high

The pound sterling has reached its highest level compared to the dollar since the June 2016 vote

17 April 2018

Economy

Bitcoin booms to over 5000 dollars

Despite fears of a bubble crypto-currency Bitcoin has broken through the 5000 dollar mark

12 October 2017

Economy

Euro rises above $1.20 for first time in over two years

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.

29 August 2017

Economy

Trump's tax reform plan promised, but details could be elusive

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.

25 April 2017

Economy

Bitcoin value tops gold for first time ever

The price of a single bitcoin has gone higher than one ounce of gold for the first time ever.

3 March 2017

Iran

Why Iran's rial hit an all-time-low against the US dollar

Iran’s currency, the rial, has hit an all-time record low against the U.

28 December 2016

Iran

Iran considers currency change

The Rhouhani government approved on Wednesday a call by central bank to replace the rial with the more colloquially and historically known toman

8 December 2016

Economy

Dollar muscles ahead, strongest since 2003 against basket of currencies

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.

18 November 2016

Markets

Roller coaster ride as markets react to shock US election result

European shares were down early on Wednesday in the wake of the shock election result in the US but then rallied

9 November 2016

Economy

Strong US job gains further fuel rate rise expectations

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

4 December 2015

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

20 October 2015

Business Series

The currency war intensifies after China devalues the yuan

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

18 August 2015

Business Series

Golden shot: China shocks the commodities market with reserves revelation

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

28 July 2015

Business Series

China's markets bounce back after dip

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

13 July 2015

Zimbabwe

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

12 June 2015