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Egypt’s Pound Devalued After a Currency Float

Egypt’s Pound Devalued After a Currency Float

Cairo- Egypt’s Central Bank on Thursday took a “historic” but nevertheless dangerous step when it decided to devaluate its local currency, a decision expected by several observers after the Egyptian Pound fell to its historic levels, exceeding the official price by...
Saudi Arabia to Establish its First Nuclear Plant

Saudi Arabia to Establish its First Nuclear Plant

Cairo – Saudi Arabia is planning to expand its nuclear power through Saudi’s first nuclear plant in order to diversify its energy sources. Khalid al-Falih, Saudi energy Minister and Chairman of Aramco said Saudi Arabia is looking into choosing a site for the first...