Middle-east Arab News Opinion | Asharq Al-awsat

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Arrangement of various world currencies including Chinese Yuan, US Dollar, Euro, British Pound, in this picture illustration taken January 25, 2011. REUTERS/Kacper Pempel/Illustration/File Photo

Yuan Hits 6-Year Low on Chinese Trade Fall

by Asharq Al-Awsat | Oct 14, 2016 | Business

Beijing- Poor Chinese trade figures halted the dollar’s broader rally on Thursday and sent the offshore version of the country’s yuan currency to within sight of lows hit in a dramatic sell-off in January. The euro fell briefly below $1.10 for the first...

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Copper Hits 2-Week High, U.S. Rate Rise off Agenda for Now

by Asharq Al-Awsat English | Sep 7, 2016 | Business

Copper prices rose to two-week highs on Wednesday as growing expectations the U.S. Federal Reserve will hold U.S. interest rates steady kept the dollar under pressure, but worries about Chinese demand limited gains. Benchmark copper on the London Metal Exchange was up...

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President Muhammadu Buhari delivers 2016 budget at the National Assembly in Abuja, Nigeria December 22, 2015. REUTERS/Stringer

Nigeria Loses Africa’s ‘Biggest Economy’ Title

by Asharq Al-Awsat | Aug 14, 2016 | Business

Lagos- As oil rates plunge amid a tragic lack of security in the south, a massive humanitarian crisis in the north and a major power deficiency, Nigeria’s economy has collapsed within a 15-month time frame, losing the title of Africa’s biggest economy and number one...

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The Saudi central bank has reiterated its ongoing commitment to the riyal’s exchange rate policy.
(AFP)

Leaning on a Strong Credit Profile, Saudi Arabia Fixes Riyal Exchange Rates

by Shuja Al-Baqmi | Aug 13, 2016 | Business

Riyadh- Saudi Arabia confirmed its commitment to keeping the riyal pegged to the U.S. dollar to support its fixed exchange rate policy, according to an official statement issued on Friday. The current exchange rate is fixed at SAR3.75 for each one dollar, as to...

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Oil Bounces Back from Two-Month Lows on Weaker Dollar

by Asharq Al-Awsat English | Jul 12, 2016 | Business

Crude futures bounced back from two-month lows on Tuesday, helped by a weaker dollar, but an oil stocks overhang and a drop in bullish bets by investors weighed on prices. Brent crude was at $47.36 per barrel at 1022 GMT, up $1.11 or 2.3 percent. U.S. West Texas...