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    In a first, Pakistan rupee slumps to 205 threshold

    In a first, Pakistan rupee slumps to 205 threshold

    07 Jun 2022

    The Pakistani rupee on Tuesday broke all records against the US dollar after shedding 4 PKR in the open market as it surpassed the 205 threshold for the first...

    Crypto crowd dominate Davos main street despite price crash

    Crypto crowd dominate Davos main street despite price crash

    23 May 2022

    A free bitcoin pizza stall and a "Liquidity Lounge" were among the treats on offer for attendees at this year's meeting in Davos, where blockchain and cryptocurrency firms have...

    Pakistan bans import of all non-essential luxury items to boost economy

    Pakistan bans import of all non-essential luxury items to boost economy

    19 May 2022

    Pakistan has banned the import of all non-essential luxury goods in a bid to stabilise the economy, Information Minister Marriyum Aurangzeb said on Thursday, describing the situation as an...

    80% of Lebanese live below poverty line

    80% of Lebanese live below poverty line

    08 May 2022

    Few Lebanese believe next Sunday’s parliamentary election will install enough reformers in the 128-member national assembly to effect change and save the country from the downward slide which began nearly...

    New Dhs5, Dhs10, Dhs50 banknotes enter circulation, replenished to dedicated ATMs

    New Dhs5, Dhs10, Dhs50 banknotes enter circulation, replenished to dedicated ATMs

    30 Apr 2022

    The Central Bank of the UAE (CBUAE) has announced that the new Dhs5 and Dhs10 banknotes have entered circulation in the UAE following distribution to all banks operating in...

    Turkish CB nearly doubles 2022 inflation forecast to 43 per cent

    Turkish CB nearly doubles 2022 inflation forecast to 43 per cent

    28 Apr 2022

    Turkey’s annual inflation will peak at around 70 per cent by June before declining to near 43 per cent by year-end, the central bank forecast on Thursday, almost quadruple its...

    Economic consequences of the Ukraine war

    Economic consequences of the Ukraine war

    27 Apr 2022

    The World Bank has projected a contraction of the Ukrainian economy in 2022 to be 45 per cent and that of Russia to be 11.2 per cent. This is directly...

    Central Bank of the UAE issues new polymer notes of Dhs5 and Dhs10

    Central Bank of the UAE issues new polymer notes of Dhs5 and Dhs10

    21 Apr 2022

    The Central Bank of the UAE (CBUAE) has launched two new banknotes, in five and ten dirham denominations, made of polymer and enhanced by advanced technical characteristics and security features....

    Sri Lanka devalues rupee, seen as step towards getting IMF help

    Sri Lanka devalues rupee, seen as step towards getting IMF help

    08 Mar 2022

    Sri Lanka’s central bank (CB) has devalued the rupee by up to 15 per cent, taking one of several steps analysts said are needed to obtain a International Monetary Fund...

    India rupee hits record low as oil prices surge

    India rupee hits record low as oil prices surge

    07 Mar 2022

    The Indian rupee fell to a historic low on Monday, while bond yields surged as a sharp rise in global prices of crude oil stirred concern about domestic inflation,...

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