UAE’s Lifeline to Lebanon: 18th Aid Plane Delivers Vital Medical Supplies Amidst Crisis

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  The United Arab Emirates has dispatched its 18th aid aircraft carrying 40 tonnes of essential medical supplies to Lebanon as part of the “UAE Stands with Lebanon” campaign. This ongoing initiative, launched in early October, aims to provide critical food, medical, and shelter supplies to the Lebanese population, who continue to face severe hardships due to ongoing conflict. In close collaboration with international organizations such as the World Health Organization (WHO), the United Nations High Commissioner for Refugees (UNHCR), and the International Federation of Red Cross and Red Crescent Societies (IFRC), UAE humanitarian organizations are playing a pivotal role in delivering life-saving aid to Lebanon’s vulnerable communities. The campaign is a direct response to the directives of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, with further guidance from His Highness Sheikh Mansour bin Zayed Al Nahyan, UAE Vice President and Deputy Prime Minister, and under the l
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Egypt Faces Record High Black Market Exchange Rate Amid Economic Challenges

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Egypt


Egypt's black market exchange rate for the US dollar has reached an all-time high, reaching 53 Egyptian pounds. This unusual spike comes as the North African country faces rising pressure to discount its currency as it grapples with economic woes aggravated by the Russia-Ukraine war.

According to a currency dealer who spoke on the condition of anonymity due to the illegal nature of the trade, the latest surge is the result of a worsening foreign exchange constraint. Since the outbreak of the conflict in Eastern Europe and the accompanying withdrawal of foreign deposits, the crisis has worsened, putting greater strain on Egypt's net-importing economy. 


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