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Iraq will ban the greenback from being used in cash transactions and withdrawals from January 1, the outlet reported.

MONROVIA — A senior UN human rights official on Wednesday called on authorities in Liberia to take all necessary measures to ensure that the upcoming elections can take place in a fully inclusive manner.“We...

The US dollar continues to strengthen at the cost of regional currencies including the ringgit, which closed at a 11-month low yesterday leading forex traders and analysts to pin hopes on currency interventions and a recovery in Chinese data to provide relief for the local unit.

KUALA LUMPUR: The ringgit opened higher against the US dollar this morning, as the local currency received some support after the US dollar index (DXY) declined to 106.773 points in anticipation of the release of the United States (US) Nonfarm Payroll (NFP) data tomorrow.

Starting from January 1, 2024, Iraq plans to prohibit cash withdrawals and transactions in U.S. dollars. This decision is part of an effort to prevent the misuse of its hard currency reserves for financial crimes and to evade U.S. sanctions on Iran. The move intends to combat the illegal use of approximately 50% of the $10 billion that Iraq imports in cash from the New York Federal Reserve annually.

As the complexities of the forex trading environment continue to evolve, traders are exploring various avenues to optimize their strategies and safeguard their investments

FOLLOWING a recent public announcement by Access Finance Group, a local remittance and financial services company, that its chief executive Singathini Raymond C...

Bond futures traders wagers (open interest) hit record high; Bets are calling for a hike at November 1st meeting US jobless claims edge higher but still rema

RIYADH: The Riyadh International Book Fair, or RIBF 2023, is attracting thousands of visitors daily. It offers its audience millions of books, new titles and manuscripts, as well as a space for intellectual and cultural dialogue. Omani literature and culture is in the spotlight this year as the sultanate is the “guest of honour” country. Oman’s pavilion reflects the cultural...

RIYADH: The secretary-general of the Gulf Cooperation Council met the EU’s ambassador to Saudi Arabia on Tuesday at the headquarters of the GCC in Riyadh, the Saudi Press Agency reported. Jassem Mohamed Albudaiwi and Christophe Farnaud discussed the agenda of the joint ministerial meeting between the GCC and the EU, which is scheduled to take place on Oct. 9-10 in...