So as to summarize the happenings on these areas so far, The Chinese yuan has been revaluated ,thats up 2.1 pc against the USD .Good for the Yuan but not so good news for the middle east currencies that are pegged against the dollar!We are going to find our weekly grocery bills shoot up in sometime,it should not be a surprise considering a country like UAE where 80 pc of the goods are imported.Much the same would happen to the OMR,SAR ,QRD and BHD. So my nation and favorite market has signed the prestigious N-deal.I wonder how things will be in the future.What reactions would come across for the several tests done and so on.Also very hazy about what the rising foreign reserves are going to serve by year 2010.Ofcourse credibility and all but stocking up about $662 million,is that such a good idea moving forward?! Etisalat have signed the MoU with Sudan's Unity.The farsight of this company has been excellent so far.Spreading investments through out this region since their monopoly is...
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wishing you and your family a very Happy and Prosperous New Year too!