Currencies

The governor of the Central Bank of Egypt, Tarek Amer
1 August 07:12 PM USD inflows to Egypt amounted to $7.7bn in July
By: Ahmed Allam Cairo - Mubasher: The governor of the Central Bank of Egypt (CBE) said that Egypt has obtained $8.95 billion during July 2017. Tarek Amer told Mubasher that US dollars inflows amounted to $7.7 billion, alongside the International …
Qatari net international reserves hit five-year low
31 July 04:59 PM Qatari foreign exchange reserves down by $10.4bn
Mubasher: The Qatari net international reserves dropped $10.4 billion in June to $24.4 billion, according to the data of the Qatar Central Bank. The plunge in reserves is attributed to the economic sanctions imposed by other Arab states, data …
The US dollar is overvalued by 10% to 20%
28 July 09:21 PM USD is overvalued, EUR broadly in line - IMF
Mubasher: The International Monetary Fund (IMF) said in a report on Friday that the US dollar real effective exchange rate is overvalued by 10% to 20% compared to the United States medium-term fundamentals. Meanwhile, Euro is broadly in line with …
The e-Dirham system registered a total of 10.8 million transactions in Q2-17
10 July 02:41 PM UAE e-Dirham service revenues rise 25% in Q2-17
Dubai – Mubasher: The UAE governmental e-Dirham services reported a growth of 25% in revenues to AED 2.54 billion during the second quarter of 2017, compared to the same period a year ago. The e-Dirham services executed on the website amounted to …