pound - julianann

Egyptian pound stable after devaluation, IMF deal

March 7, 2024 by admin

RIYADH: Egypt’s currency was stable at around 49.5 pounds to the dollar as the market opened on Thursday, a day after the central bank let the currency plunge and pledged to shift to a more flexible exchange rate system as the country secured an expanded $8 billion program with the IMF. The pound stayed in the … Read more

Egypt nets new IMF loan but pound plunges in value by 40%

March 6, 2024 by admin

Saudi Ministry of Industry launches advanced license to support construction investors RIYADH: Investors in Saudi Arabia will benefit from a new license aimed at reducing the bureaucracy involved in getting construction projects off the ground. According to a statement, the Ministry of Industry and Mineral Resources inaugurated the new service, which provides documents in accordance … Read more