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.
GMT 20:12 2017 Wednesday ,22 March
US dollar exchange rate stable in morning tradingGMT 19:39 2017 Tuesday ,21 March
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Dollar price exceeds EGP 18 at banksGMT 21:09 2017 Thursday ,16 March
US dollar exchange rate stable in morning tradingGMT 21:41 2017 Wednesday ,15 March
Dollar stands at EGP 17.90 for buying, EGP 18 for selling at NBE
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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
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
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Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
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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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