Middle-east Arab News Opinion | Asharq Al-awsat

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File photo of people and vehicles are seen caught in a traffic jam in front of the Central Bank of Egypt’s headquarters in downtown Cairo. (Reuters/Amr Abdallah Dalsh)

Egypt banks prepare for June 30 protests

by Sharif Yamani | Jun 29, 2013 | Business

Cairo, Asharq Al-Awsat—A state of caution and anticipation surrounds the Egyptian Stock Exchange in central Cairo as it prepares for massive anti-government protests planned for June 30. Banks in central Cairo also implemented extensive security measures in order to...

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An employee stamps stacks of Syrian pound notes at the Syrian central bank in Damascus April 23, 2013. (Reuters/Khaled Al-Hariri)

Experts warn against holding, purchasing collapsing Syrian pound

by Fatah Al-Rahman Youssef | Jun 22, 2013 | Business

Riyadh, Asharq Al-Awsat—Many Syrian traders have converted their Syrian pound-dominated assets to dollars for fear of losing their value, given the growing unrest in Syria and the destruction of its infrastructure. The Syrian pound has lost 77% of its value since the...

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The emir of Qatar, Sheikh Hamad bin Khalifa al-Thani (right), and other officials attend the opening of the Doha Forum, an international meeting which will discuss regional political, economic and social issues of the Arab Spring, in the Qatari capital on May 20, 2013. Source: AFP Photo/STR

Qatari central banker: Gulf states should consider exchange rate flexibility

by Asharq Al-Awsat | May 22, 2013 | Business

Dubai, Reuters—Qatar and other Gulf states should consider moving to a more flexible exchange rate from long-entrenched pegs to the US dollar, to better manage inflation risk in the next decade, a senior Qatar central bank official said on Tuesday. He cited...