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Exchange rates


Egyptian pound bid at lowest in more than 7 years

Egypt's pound was bid at 6.0507 to the U.S. dollar on Wednesday, its weakest in more than seven years, following a week of political turmoil.

June 20, 2012 5:44
Zain Sudan

Dollar shortage, tax hikes hurt Sudan Telcos

Higher taxes and mounting competition are also posing challenges for the African country's three major telecoms players as they battle to tap the potential of a relatively underpenetrated market.

June 19, 2012 5:20