Dollar needs of basic, non-basic importers
Deputy Chairman of the National Bank of Egypt (NBE) Yehia Abul Fotouh
Cairo - MENA
Deputy Chairman of the National Bank of Egypt (NBE) Yehia Abul Fotouh on Tuesday asserted that the bank has fulfilled all dollar needs of importers of basic and non-basic commodities.
In statements to MENA on the fringe of his participation in a conference titled "People and Banks", Abul Fotouh said the bank has opened documentary letters of credit at a value of dlrs 600 million to fund the various import operations.
He said NBE has so far received EGP 92 billion from selling the three-year investment certificates at 16 percent interest rate and the three-year certificates at 20 percent interest rate till Monday.
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Bucharest - SANA
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Moscow - TASS
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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