Misr Iran Development Bank praises CBE decision to lift foreign cash cap
Misr Iran Development Bank
Cairo - MENA
Chairman of the Misr Iran Development Bank Ismail Hassan hailed a decision by the Central Bank of Egypt (CBE) to lift foreign currency cash deposit and withdrawal limits for individuals.
The decision is a positive step and will help fight the black market, Hassan, a former CBE governor, told MENA.
Citizens will be encouraged now to deposit their dollar earnings in banks instead of keeping them at home, he said.
Last month, the CBE imposed limits on foreign currency deposits at a maximum of $10,000 daily and $50,000 monthly for individuals.
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- Saturday ,11 March GMT 20:00 2017 CBE: banks could secure $21bn to fund foreign trade since flotation of pound
- Friday ,10 March GMT 23:45 2017 Egypt's foreign trade worth $21 billion since currency flotation: CBE
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
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Microsoft to open 4 data centres
Paris - Emiratesvoice
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Taipei - Emiratesvoice
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Paris - Emiratesvoice
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to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
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