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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An investor looks at an electric board shwoign stock information at a brockerage house in Haikou. Hainan province, China, August 11, 2015. Reuters/Stringer

MCI Warns of FOREX Easy Money-making Calls

by Fahd Baqmi | Jul 4, 2016 | Business

Jeddah-The Saudi Ministry of Commerce and Investment warned not to be dragged behind suspicious calls for transferring money via the internet, saying this might lead to huge financial losses. MCI warnings included FOREX online trading and sending money to...

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An employees of a foreign exchange trading company works as he is seen between British Union flag and an EU flag in Tokyo, Japan, June 24, 2016. REUTERS/Issei Kato

World Stocks in Freefall as UK Votes for EU Exit

by Asharq Al-Awsat English | Jun 24, 2016 | Business

A British vote to leave the European Union braced markets for one of their most unstable days on Friday, with sterling hitting a 31-year low in its biggest fall in history. Such a body blow to global confidence reflects a widespread alarm in the financial community...

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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 central bank eases control on foreign transfers

by Sharif Yamani | Jan 8, 2014 | Business

Cairo, Asharq Al-Awsat—The Central Bank of Egypt has eased restrictions on foreign currency transfers abroad, allowing individuals to make a one-time transfer of up to 100,000 US dollars this calendar year. In a letter circulated to Egyptian banks on Monday and posted...

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File photo of Turkish lira banknotes. (Reuters/Murad Sezer)

Turkish central bank hints at action as corruption row, Fed sink lira

by Asharq Al-Awsat | Dec 20, 2013 | Business

Istanbul, Reuters—Turkey’s lira fell to record lows on Friday rattled by domestic political tensions and the US Federal Reserve’s decision to start trimming its monetary stimulus program, prompting the Turkish central bank to threaten more market action....