Suez Canal Zone Authority to stipulate use of foreign currency for utility contracts
The Suez Canal Economic Zone Authority will start stipulating the use of foreign currency in its utility contracts with investors, head of the authority, Ahmed Darwish, announced on Tuesday. Darwish said it is highly likely the utility contracts in 2017 will be in USD after the Central Bank of Egypt (CBE) granted permission to the Canal Authority. (ahramonline)
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