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Oil price’s decline weighs on global stock markets
Stocks fell around the world on Wednesday as the price of crude declined after a strike by Kuwaiti oil workers…
For first time ever, Egyptian Pound wane to 11 against Dollar on black market
The Egyptian pound weakened on the parallel market on Tuesday reaching EGP 11 against the dollar at a time when…
Crude futures fall after Kuwaiti oil workers end strike
Crude futures fell on Wednesday after Kuwaiti oil workers ended a three-day strike that had cut the nation's crude…
Egypt central bank currently has no intention to devalue pound
As Egypt faces a dollar crisis, the Central Bank of Egypt (CBE) says it has "no intention" of devaluing the…
Commodity currencies rise as oil stabilizes, yen dips
Commodity currencies rose on Tuesday with the Australian dollar soaring to a 10-month high against the U.S. dollar,…
Oil prices rise as Kuwait oil strike diminishes supply
Oil prices rose on Tuesday as a strike in Kuwait cut huge amounts of crude out of the supply chain, but analysts…
Botched Doha deal undermines OPEC credibility, oil prices tumble
Oil prices tumbled on Monday after a meeting by major exporters in Qatar collapsed without an agreement to freeze…
Egyptian pound decreases against dollar on black market
The Egyptian pound has been weakened in the informal market to a record low against the US dollar as a foreign…
Doha oil producers close to agreeing on output freeze
Oil producing countries meeting in Doha on Sunday appeared close to agreeing on an output freeze to prop up crude…
Japan rules out FX devaluation, signals action vs abrupt yen surge
Japan will refrain from competitive currency devaluations but retains the right to act against short-term yen…