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Israel's forex reserves rise by $6.5 B in December

Reserves in November stood at $198.169 billion and rose in December mainly due to a revaluation that increased the reserves by $5.4 billion. The Bank of Israel has been trying to contain the shekel svolatility all year and prevent further depreciation, which impacts inflation. The shekel had depreciated 10% in 2023 until the war broke out and then another 5% to weaken to 4.08 per dollar. ....

Israel General , Israels Forex Reserves , Bank Of Israel ,

Ringgit slides as interest rate worries prevail

KUALA LUMPUR: The ringgit extended a negative trend on Friday against the US dollar with sentiment continuing to be hamstrung by the expectation that the higher-for-longer rate narratives are likely to prevail. ....

Kuala Lumpur , United Kingdom , Mohd Afzanizam Abdul Rashid , Bank Muamalat Malaysia Bhd , Muamalat Malaysia Bhd , Initial Jobless Claims , Nonfarm Payroll , Unemployment Rate ,

Ringgit slips further against US dollar

KUALA LUMPUR: The ringgit slipped further against the US dollar on the expectation that higher-for-longer interest rate narratives are likely to persist. ....

United Kingdom , Kuala Lumpur , United States , Mohd Afzanizam Abdul Rashid , Federal Reserve , United States Federal Open Market Committee , Bank Muamalat Malaysia Bhd , Muamalat Malaysia Bhd , Labour Market ,

Oil Updates – prices higher on Fed comments on inflation, Middle East tensions

SINGAPORE: Oil prices edged higher on Friday after minutes from a Federal Reserve meeting suggested inflation was under control, and US Secretary of State Antony Blinken prepared to visit the Middle East to try and prevent the Israel-Gaza conflict from widening, according to Reuters. Brent crude futures were up 31 cents, or 0.4 percent, to $77.90 a barrel, while US West Texas. ....

Saudi Arabia , Ar Riya , Yasmine El Tohamy , Saudi Arabia Ministry Of Industry , National Industry Development , Logistics Program , Mineral Resources , Gulf Daily News , Ubai News Website , Gulf News , Orld Muslim Prayer Timings , Ubai Labour News , Dubai Metro , Urj Dubai News , Haleej Times Online , Used Cars , Gold Rates , Ravel Info , Ubai Property , Ulf Newspaper , United Arab Emirates , Middle East , Dubai News , Aily Gulf News , Co 1 , Ews Stories In Gulf ,

Uganda shilling weakens by less than one percent

The decline in international reserves due to servicing of external debts and inability to purchase forex from the market, meant BoU couldn’t intervene on the sale side when sharp depreciation. ....

World Bank , Anti Homosexuality Act , International Reserves , Uganda Shilling , Kenya Shilling , Tanzania Shilling , Anti Homosexuality Act Of 2023 , World Bank , Central Bank , Adam Mugume , Financial Markets ,