Currency
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Congo Orders Oil, Mining Companies to Pay Taxes in US Dollars
Wednesday, 23rd March 2016
In attempt to increase foreign currency reserves, Democratic Republic of Congo ordered mining and oil firms to pay taxes and import duties in US dollars rather than in the national currency, the Central Bank of Congo announced. -
Nigeria Considering Currency Devaluation
Sunday, 10th January 2016
Nigerian authorities are under increasing pressure to devalue the national currency, the naira, as oil prices have declined. -
Kuwait on Verge of Fiscal Reforms, Projecting Subsidy Cuts
Wednesday, 9th December 2015
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 country's currency. -
Kazakh Currency Drops 22% from Oil Price
Sunday, 23rd August 2015
The national currency of Kazakhstan, the Tenge, lost nearly a quarter of its public value on Thursday, reported the New York Times. -
Africa Suffers from Rising Oil and Weaker Currencies
Sunday, 17th May 2015
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. -
Dollar Hits a Low as Oil Prices Maintain Upward Trend
Thursday, 7th May 2015
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. -
Egypt’s Renewable Sector Held Back by Currency Instability
Wednesday, 29th April 2015
Mohamed El Sobki, chairman of Egypt’s New & Renewable Energy Authority (NREA), stated at the event Tuesday that the country was targeting 18,000 megawatts of renewable energy projects.
Latest News
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UOG Records 24% Increase in Abu Sennan Reserves
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Egypt to Establish a $100 MM Bioethanol Company
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El Molla Participates in UN’s ECOSOC Forum
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Enppi's Contracts Jump 50% in 2020
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Loading ...| Commodity CMDTY | Units | Price | Change |
| Crude Oil (WTI) WTI | USD/bbl | 62.87 | -0.44% |
| Crude Oil (Brent) Brent | USD/bbl | 66.33 | -0.38% |
| NYMEX Natural Gas | USD/MMBtu | 2.60 | -0.69% |
| OPEC Basket Price | USD/bbl | 61.87 | +0.67% |
Last Modified April 15, 2021