Dollar

Saudi Arabia’s holdings in US treasuries increased for the fifth consecutive month, rising by 2.96 percent to $131.9 billion in December from November. Data released by the US Treasury Department placed Saudi Arabia at the 16th spot…
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The Gulf Cooperation Council countries witnessed a surge in US dollar sukuk issuance, registering a 178 percent year-on-year growth in the past year. According to a report by Fitch Ratings, in core markets like the GCC, Malaysia,…
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Saudi Arabia’s Public Investment Fund is set to raise $3.5 billion in its first sale of dollar-denominated Shariah-compliant sukuk, said an official statement issued on Thursday. The wealth fund is offering the Islamic bonds with tenors…
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Iraq will ban cash withdrawals and transactions in US dollars as of Jan. 1, 2024, in the latest push to curb the misuse of its hard currency reserves in financial crimes and the evasion of US sanctions on Iran, a top Iraqi central bank…
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Oil was headed for a second week of declines even as it rose on Friday, as the dollar firmed before a speech by Federal Reserve Chair Jerome Powell while concerns over tight supply eased. Brent crude rose 39 cents, or 0.5 percent, to…
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The dollar rose against other major currencies on Monday as fears over inflation resurfaced after a surprise announcement by major oil producers to cut production targets further, with traders wagering the Federal Reserve may need to…
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Escalating political confusion sent the Lebanese pound plummeting to a new low on the black market, trading at 90,000 pounds to the dollar on Wednesday. The latest plunge in the local currency means the exchange rate is more than 60…
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The US dollar retreated further on Wednesday as the euro extended its overnight bounce on relief Europe might avoid the worst fears concerning energy shortages, and on the chance the European Central Bank may deliver a more aggressive rate…
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American media reported, Thursday morning, a significant decline in gold prices, against the background of the dollar’s ​​rise against other global currencies. And the American “Bloomberg” agency, quoting trading data, stated that the…
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On Friday, the Russian currency recorded significant gains against its American and European counterparts, despite Western sanctions imposed on Moscow, causing an uproar on social media. On Friday, the Russian currency hit two record…
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