Armenian President Visits UAE: Strengthening Ties Between Nations

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  In a significant diplomatic move, the President of Armenia has embarked on an official visit to the United Arab Emirates (UAE), aiming to bolster bilateral relations, expand economic cooperation, and foster cultural exchange between the two nations. The high-level visit marks a new chapter in Armenia-UAE relations, showcasing a mutual commitment to deepening political dialogue and exploring opportunities in trade, technology, energy, tourism, and investment. During his visit, the Armenian President held discussions with top Emirati leaders, including His Highness Sheikh Mohamed bin Zayed Al Nahyan, the President of the UAE and Ruler of Abu Dhabi. The leaders discussed regional and international developments, emphasizing the importance of peace, stability, and economic collaboration in the South Caucasus and Middle East regions. Key Highlights of the Visit: Economic Partnerships: Talks included strategies to enhance mutual trade and explore investment in sectors such as infrast...
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Egypt Faces Record High Black Market Exchange Rate Amid Economic Challenges

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Egypt
Also read :Egypt Takes Initiative in Sudan, Calls for Summit to Address Ongoing Conflict


Also read :Masdar's Mega Wind Farm Deal in Egypt: A Giant Leap Towards a Greener Future

Also read :Companies from Egypt and the UAE execute a joint venture agreement

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. 

Also read :Renewable Energy and Long-Term Development in North Africa


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