How did money come into being?
The spread of money throughout the Mediterranean didn’t mean that it was universally used...
Tag : currency
IF Insights: Qatar’s household wealth shows tremendous growth
Qatar's growth story is one of a nation returning to its historical pattern rather than a dramatic break from the rest of the area...
Qatar sees fastest growth in non-energy sectors and household wealth
In June 2024, financial services companies in Qatar reported an even stronger increase in both new contracts and overall business activity...
IF Insights: Crises-ridden Egypt economy undertakes its much-needed course correction
Egypt has a significant international debt as a result of President Abdel Fattah el-Sisi's borrowing binge...
Bank of Mozambique deems foreign exchange market stable despite concerns
Jamal Luis Omar notes that the Mozambican foreign exchange market is steady, and exports and conversion rates are both continuing as usual...
Business Leader of the Week: Meet Andrey Melnichenko, Russia’s fertiliser & coal ace
In 2022 Forbes and Bloomberg estimated Andrey Melnichenko's net worth at USD 15.8 billion and USD 17.4 billion respectively, which makes him one of the richest persons in Russia...
Understanding currency fluctuations
One notable instance of the chaos sparked by unfavourable currency fluctuations is the ‘Asian Financial Crisis’ that commenced in the summer of 1997 due to the devaluation of the Thai baht...
Amid its stock market bull run, Japan issues warning against ‘excessive yen moves’
Despite the yen picking itself up after the BoJ's hawkish statement on inflation, the US dollar remained in a holding pattern...
World Bank urges Zimbabwe to boost currency confidence
The World Bank is committed to the ongoing process that Zimbabwe has been going through since 2022 to pay off billions of dollars in arrears to the organisation and other foreign lenders...
Egypt’s inflation rises to 35.7% as country awaits dollar inflows
Egypt's inflation rate fell from September 2023's record 38.0% before February 2024...