ABU DHABI/WAM Under the patronage of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, ...
Read More »Egypt offers exchange rate relief to companies
Bloomberg Egyptian companies unable to repay US-dollar denominated debts after the devaluation of the pound will be allowed to negotiate fixed exchange rates with banks. The move aims to alleviate financial pressure on manufacturers following the central bank’s decision to remove all restrictions on the local currency on Nov. 3. The pound has since lost more than half its ...
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