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“These reforms, despite their start, still do not rise to the level expected, and this is what we said frankly to the Lebanese government,” Belhaj said after the meeting. (Shutterstock)

March 30th, 2019 - 06:07 GMT

World Bank: Lebanon Gets Nothing Without Reforms

If Lebanon wants to see any money from CEDRE soon, it needs get serious about implementing reforms, World Bank Vice President for Middle East and North Africa Farid Belhaj said.

Qatar Stock Exchange dropped 6.38 percent in Monday’s early trades amid growing tensions with neighboring Gulf states. (Karim Sahib/ AFP)

June 5th, 2017 - 11:51 GMT

Qatar’s Stock Market Plunges on Rising Tensions With Saudi Arabia, UAE

Goldman Sachs is trying to expand its business in Saudi Arabia by applying for a license to trade shares on the Saudi stock market. (AFP)

June 4th, 2017 - 09:14 GMT

Goldman Sachs Eyes Expansion in Saudi Arabia With Equities Trading License

The inability to impose a cohesive monetary policy is normal given that the country is currently being ripped apart by an armed coup led by Houthi militia. (File photo)

February 26th, 2017 - 07:00 GMT

Yemen's Central Bank struggles to impose unified exchange rate

A member of Egypt's richest family, Sawiris is chairman of Orascom Development Holding, which operates tourist resorts and real estate projects in Egypt and Europe. (Wikimedia Commons)

February 23rd, 2017 - 11:00 GMT

Egypt's currency devaluation a success, but investment will take time: Sawiris

After introducing the new levy, exchange houses were passing on the burden to customers. (Shutterstock)

February 19th, 2017 - 08:00 GMT

Oman u-turns on customs duty for imported bank notes

The bonds will be listed on the Luxembourg Stock Exchange. (AFP/File)

January 25th, 2017 - 06:25 GMT

Egypt gears up for triple-tranche Eurobond issue

Thousands of importers have been caught out by the float, facing ballooning dollar debts after they had opened dollar credit-lines with banks. (AFP/Patrick Baz)

January 18th, 2017 - 09:00 GMT

Egypt to adjust customs dollar exchange rate to help struggling importers

Egypt devalued the currency by about a third from the former peg of 8.8 against the dollar and allowed it to drift lower. (File photo)

December 12th, 2016 - 08:00 GMT

Egyptian pound needs time to find equilibrium: Sisi

Egypt floated the pound on Nov. 3 in a dramatic move welcomed by businesses as the key to unlocking investment. (File photo)

November 15th, 2016 - 09:00 GMT

Egypt's pound continues to strengthen against the dollar

The central bank said the move aims to regain foreign currency exchange within the banking sector and ending the disturbance in the currency market. (File photo)

November 3rd, 2016 - 02:03 GMT

Egypt floats the pound, hikes interest rates to kickstart the economy

Egypt's black market is now seeing uncertainty, forcing traders to temporarily abstain from selling or buying dollars. (Shutterstock)

November 3rd, 2016 - 10:00 GMT

Egyptian pound strengthens against the dollar on black market amid market confusion

The CBE announced on Monday that its foreign exchange reserves increased to $19.6bn in September, compared to $16.6bn in August. (File photo)

October 5th, 2016 - 08:17 GMT

Egypt Central Bank defies the pundits to fix pound to dollar at auction