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Gulf should adjust to new oil price ‘reality’: IMF
Gulf economies need to adjust to the "new reality" of oil prices expected to remain low for some time, the…
Euro firms as prospects for ECB easing wane on solid data
The euro firmed against the dollar and yen on Wednesday after solid euro zone data tempered prospects of the…
Oil falls after industry report shows surge in U.S. crude stocks
Oil prices fell on Wednesday after data from an industry group showed a larger-than-expected build in U.S. crude…
Euro recovers from bout of pre-ECB selling
The euro recovered from a 10-day low against the dollar on Tuesday, with a change in the mood music from European…
Egyptian pound vs global currencies early Tuesday
The table below shows the exchange rates of a number of key Arab and foreign currencies against the Egyptian pound…
Currency devaluation not to affect Egypt’s imports: minister
The devaluation of the Egyptian pound will not increase the prices of the country’s imports, which are estimated at…
Oil prices nudge up on short-covering; glut, econ concerns persist
Oil prices rebounded on Tuesday as traders covered short positions after prices fell at least 3 percent in the…
Dollar firm on Fed hike prospects, Aussie inches up after China GDP
The dollar was steady against the yen and euro on Friday after stronger-than-expected U.S. data kept alive…
Oil prices slip as China Q3 GDP growth falls
Oil prices dipped on Monday as China's economic growth eased in the third quarter to grow at the slowest pace since…
BREAKING: Egypt devalues local currency fourth time in 2015
Egypt’s central bank has allowed Sunday the Egyptian pound to weaken in its latest dollar sale to 7.9301 per dollar…