Arab Finance: The Central Bank of the United Arab Emirates (CBUAE) and the Central Bank of Egypt (CBE) have renewed their currency swap agreement worth AED 5 billion, equivalent to EGP 69 billion, for five years, according to a statement. The agreement reflects both sides’ commitment to supporting »»»

The Central Bank of the UAE and the Central Bank of Egypt (CBE) renewed a currency swap agreement between the UAE dirham and the Egyptian pound on Tuesday. The nominal value of the swap agreement is AED 5bn, equivalent to EGP 69bn, and extends for five years. The renewal reflects the ongoing commit»»»