Currency | Egypt Oil & Gas
Nigeria Considering Currency Devaluation
Nigerian authorities are under increasing pressure to devalue the national currency, the naira, as oil prices have declined, Bloomberg reports. Restrictions in place to maintain the value of the naira are harming econ...
Kuwait on Verge of Fiscal Reforms, Projecting Subsidy Cuts
According to the Arab Times, the Kuwaiti government is showing a willingness to push forward fiscal reforms including subsidy cuts, due to the persisting low price of crude, and pressure over lacking support for the c...
Kazakh Currency Drops 22% from Oil Price
The national currency of Kazakhstan, the Tenge, lost nearly a quarter of its public value on Thursday, reported the New York Times. The devaluation came after the central bank of Kazakhstan announced it would cease ma...
Africa Suffers from Rising Oil and Weaker Currencies
Several African countries are suffering this year from a double-whammy of higher oil prices and weakening currencies, with Ghana and parts of eastern Africa taking the hardest knock from the surge in inflation. While ... Dollar Hits a Low as Oil Prices Maintain Upward Trend
The dollar touched its lowest level in 11 weeks and US and European equities remained under pressure as the recent sell-off in government bonds on both sides of the Atlantic showed few signs of abating. The moves came...
Egypt’s Renewable Sector Held Back by Currency Instability
Egypt’s ministry of electricity and renewable energy and the Middle East Solar Industry Association (Mesia) sponsored a two-day roadshow in Cairo, which kicked off yesterday, to bring together international investors....Page 1 of 1
