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23 July 2024

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DINR contract volume falls on DGCX

A relatively low bandwidth of fluctuation of the Indian rupee, reluctance among traders to hedge their rupee holdings,

Rupee climbs to 12 against dirham

Expatriate remittances from the UAE to India has slowed down as the Indian currency has appreciated substantially due

UAE Exchange, Travelex to merge and list in UAE

Foreign currency exchange firm Travelex will be merged with money transfer company UAE Exchange and listed in Abu Dhabi


Foreign buying spurs Mena

In addition to foreign direct investment, the broader Middle East and North Africa region benefited last year from

Net foreign assets of Saudi banks fall

Saudi Arabia's bank net foreign assets dived to one of its lowest levels at the end of the first half of this year

Dollar hits a high against rupee

The widening demand-supply mismatch between dollar and rupee in India took dollar to its strongest ever level of

Iran to enforce single exchange rate

The central bank of sanctions-hit Iran is to enforce a single exchange rate after a dramatic slide in the value of the

Commodities attract more foreign investors

Offshore investors, particularly those from the GCC with interest in commodities, are increasingly making Dubai as

Expats oppose Modi's plans for tax on remittances

Fifty-seven money exchanges in the UAE have jointly appealed to the Indian government to reconsider a decision to


Foreign lenders eye stake in NBK

  As many as four foreign banks are in talks with National Bank of Kuwait (NBK) about buying a stake in Kuwait's

Citi in custody, clearance deal

Citi has signed an agreement with Dubai Financial Market and Abu Dhabi Securities Exchange to provide direct custody


GCC ministers to meet on Syria: Omani minister

Foreign ministers from the six-nation Gulf Cooperation Council (GCC) will meet in the Saudi capital later this week to