CBE: Hard currency reserve hits $18.5bn in July
Central Bank of Egypt
Cairo - MENA
The Central Bank of Egypt (CBE) said on Wednesday that hard currency reserve with the bank hit 18.5 billion dollars at the end of July compared to 20.08 billion dollars at the end of May.
In statements to MENA, bankers and economists said that the decline in the reserve in July is attributed to paying back Paris Club debt installment at a value of 700 million dollars in addition to 500 million dollars more that were paid back to oil companies.
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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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