FEI hails CBE decision to float Egyptian pound
Chairman of the Federation of Egyptian Industries (FEI) Mohamed El Sewedy
Cairo - MENA
Chairman of the Federation of Egyptian Industries (FEI) Mohamed El Sewedy hailed on Thursday the Central Bank of Egypt’s decision to float the Egyptian pound.
In exclusive statements to MENA, he said the decision will promote industry and investment and will also create a balance between industry and exported products.
The decision will regulate market as regards foreign currency trading and will strike the black market especially that the banks can now operate under the free market mechanisms, he said.
Sewedy added that the decision will also contribute to creating more job opportunities that will encourage exports and foreign investments in Egypt.
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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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