UAE Central Bank Launches Instant Payment Platform Aani
The Central Bank of the United Arab Emirates (CBUAE) has introduced Aani, an instant payments platform. Developed by Al Etihad Payments (AEP),...
Finance
MP Proposes 3% Remittance Tax to Ignite Economic Growth: Kuwait
MP Fahad bin Jame’e submitted a proposal to impose fees on remittances by three percent of the remittance amount. He...
Gold Prices at 3-mth High on Middle East Tensions, Mixed Fed Cues
Gold prices rose to a three-month high on Friday amid persistent safe haven demand on concerns over the Israel-Hamas war,...
Emirati and Egyptian Central Banks Agree to Currency Swap Deal
The central banks of the United Arab Emirates and Egypt have agreed to a currency exchange deal, which could bolster...
Egypt’s Annual Inflation Hits a New Record, Reaching 39.7% in August
CAIRO — Egypt’s annual inflation rate hit a new record high in August, as the cash-strapped country continues to battle...
Middle East Stocks: UAE Shares End Lower Ahead of Powell’s Speech
Stock markets in the United Arab Emirates closed lower on Friday ahead of remarks from the U.S. Federal Reserve Chair...
BRICS Invites Argentina, Saudi Arabia, Egypt, Ethiopia, the Emirates and Iran to Join the Bloc
Iran, Saudi Arabia, the United Arab Emirates, Argentina, Egypt and Ethiopia have been invited to join the BRICS economic bloc....
Egypt: Pioneers Properties Unveils H1-23 Financials; Standalone Losses Down
Cairo – The consolidated net profits attributable to the owners of Pioneers Properties for Urban Development EGP 190.10 million in...
Turkish Central Bank Unleashes Big Interest Rate Hike in Another Sign of an Economic Shift
ANKARA: Turkiye’s central bank raised its key interest rate by an aggressive 7.5 percentage points on Thursday, a larger-than-expected hike that...
Syria Protests: Why is the Lira in Freefall?
As protests continue to erupt across Syria over the country's unrelenting economic crisis, with protestors demanding the removal of Syrian President Bashar al-Assad, the...
