Currencies
Middle East currency markets news and analysis, tenders, contracts awarded, commentary and economic data.
Currencies News
Dubai clamps down on corruption
New laws follow high profile fraud cases in the emirate
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Yemen currency reserves at fresh four-year low
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Currency peg risks creating another banking crisis
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Monetary union at risk after Emirates withdraws support
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Dolphin refinancing to include $1bn bond
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Kuwait central bank lowers interest rate
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Central Bank of Kuwait closes all Gulf Bank currency derivatives trades
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Dubai regulator orders GFS Investments to pay compensation to customers
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Cost of local-currency borrowing soars
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Government adviser urges Doha to drop peg to dollar
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Deutsche Middle East currency platform grows 100 per cent a year
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GCC central banks respond to US rate cuts
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Central Bank of the UAE studies effect of revaluing dirham after 2010
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Project financiers to abandon dollar
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Oman opts out of GCC single currency
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Qatar to issue bonds in attempt to stem inflation
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Al-Suwaidi will stay on at Central Bank
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Manama blames speculation on banks
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UAE cuts interest rates to deter currency speculators
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GCC considers currency revaluation
Currencies Analysis
Spreading the financial risk in the region
Dubai’s debt crisis is causing problems for issuers of government-backed bonds across the region
Currencies Data
Currency peg risks creating another banking crisis
The banking sector in the Middle East risks another crisis in the next few years if the GCC continues a policy of pegging its currency to the US dollar, according to Youssef Nasr, chief executive officer and chairman of HSBC Middle East.
Currencies Special Reports
Special Report: Banking - Short-term loans plug finance gap
The project finance market received a systemic shock when the global credit crunch hit in 2008. This year, the number of banks pursuing project finance deals in the Middle East is still at an all-time low. Industry sources say that just eight to 12 banks are seeking deals in the current climate, down from more than 45 two years ago.
