Middle-east Arab News Opinion | Asharq Al-awsat

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Gold bars at the Bundesbank in Frankfurt. Photo: DPA

Germany Brings Gold Reserves Back from Paris

by Asharq Al-Awsat | Aug 24, 2017 | Business

Frankfurt- The Bundesbank, Germany’s central bank, said Wednesday it had returned to German soil all of its gold kept in Paris and some reserves from the US, three years ahead of schedule. Some 374 tonnes of the metal, 11 percent of the German stock, left the...

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A street in downtown Rome on July 1, 2012. REUTERS/Stefano Rellandini

Rome Turns to Cost-saving LED Lighting, Some Residents Unhappy

by Asharq Al-Awsat | Apr 8, 2017 | Lifestyle & Culture

Rome – Rome is investing millions of euros in environmentally friendly, cost-saving LED street-lighting, but some residents of the Eternal City are unhappy to lose the softer, golden glow of the old sodium lamps. Monica Larner, an American who lives in...

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Manfred Weber, Chairman of the European People Party, takes part in a summit of the party in St. Julian’s, Malta, on March 30, 2017. (Reuters)

Top EU Lawmaker: Business Conducted in Euros Should not Remain in London

by Asharq Al-Awsat English | Apr 4, 2017 | Business

A top European Union lawmaker stressed on Tuesday that all financial business conducted in euros should be moved from London to the EU in wake of Brexit. London is the world’s leading financial center for the clearing of derivatives denominated in euros, a...

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File photo—Traders work at Egypt’s Stock Exchange in Cairo on December 8, 2013. (REUTERS/Stringer)

Egypt central bank tells banks to offer the euro at market rates

by Asharq Al-Awsat | Dec 17, 2013 | Business

Cairo, Reuters—Egypt’s central bank has told banks to conform to international market rates in official trading of non-US dollar foreign currencies, a move that traders said could discourage banks from selling euros and boost black market trade. The...