Oil & Currencies

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 …
QAR last recorded EGP 4.64 for selling and EGP 4.93 for buying on the bank's list
5 July 09:14 PM ADIB - Egypt lifts QAR from its currencies
Cairo - Mubasher: Abu Dhabi Islamic Bank (ADIB) - Egypt has removed the Qatari Riyal from its exchange rates screen, as shown by the bank’s website. The QAR registered EGP 4.64 for selling and EGP 4.93 for buying in the bank’s trade on Tuesday. …
The Central Bank of Egypt
5 July 04:59 PM CBE sees record-high FX outcome Tuesday
Cairo - Mubasher: The Central Bank of Egypt (CBE) said that foreign exchange inflows surged in the last two days to more than $1.1 billion, a source in the central bank told Middle East News Agency (MENA). The CBE recorded its highest outcome of …
The USD fair value against the pound currently stand at EGP 14
4 July 11:58 PM EGP appreciation could ease inflation pressure - Report
Cairo - Mubasher: The Egyptian pound reached its highest level against the US dollar since April, and a recent report by Renaissance Capital assumes current account trends are supportive of the currency. “Letting the currency strengthen may be …
The Qatari riyal's exchange rate against the US dollar is stable, the Qatar Central Bank (QCB) said
4 July 12:39 PM QAR-USD exchange rate remains stable – QCB
Doha – Mubasher: The Qatari riyal's exchange rate against the US dollar is stable, the Qatar Central Bank (QCB) said. Exchanging the QAR in Qatar and abroad will be at the official price, based on data, the QCB added. Qatar’s central bank said it …
Egyptian foreign exchange reserves hit its highest level since 2011, reaching $32 billion
4 July 01:38 AM USD inflows leveraged EGP exchange rate - Analysts
By: Fahd Omran Cairo - Mubasher: The Egyptian pound saw its highest daily rise against the US dollar in five months, as went up by between 5 to 15 piasters. On Monday, the USD-EGP exchange rate registered between EGP 17.9 and EGP 18 for selling. …
Fitch expects a greater inflow from foreign investors to the Egyptian market
4 July 12:02 AM Lifting currency transfer limits to support Egypt’s economy - Fitch
Cairo - Mubasher: Egypt's removal of foreign currency transfer limits will help restore confidence in the economy and attract more foreign investments, according to a recent report by Fitch Ratings. This will also help in increasing the …
Egyptian international reserves reached its highest level since 2011
3 July 06:48 PM Egypt’s foreign reserves reach $32bn - IDSC
Cairo - Mubasher: A recent report by the Egyptian Cabinet's Information and Decision Support Center (IDSC) said that foreign exchange reserves increased to $32 billion, its highest level since 2011. Regarding inquires about the recent rise in fuel …
Dealing in QAR was affected in Barclays and Royal Bank of Scotland
30 June 07:57 PM 6 UK banks stop dealing in QAR
Mubasher: On Friday, 6 UK banks decided to stop dealing in QAR, that, as the steep decrease in the Qatari currency continue and with the political rift between Doha and Arab countries still in place. Lloyds banking group, which is in charge of …
The Qatari currency was last pegged at QAR 3.64 per dollar.
27 June 05:04 PM QAR rises against USD in forward market – Reuters
Doha – Mubasher: The Qatari currency on Tuesday rose to QAR 3.751 against the US dollar in the forward market, Reuters reported. The QAR gains followed two straight declines following the diplomatic rift between Qatar and several Arab and Gulf …
The Central Bank of Egypt
14 June 04:37 PM CBE removes limits on foreign currency transfers
Cairo - Mubasher: The Central Bank of Egypt (CBE) has decided to lift all the barriers on transferring foreign exchange abroad. The CBE added in a statement on Wednesday that it has lifted all limits of foreign currency transfers, which previously …