The US dollar dropped against the Egyptian pound in the parallel market to about EGP 50, down from a peak of more than 70 EGP last week.
![Foreigners currently can own only 49% of a business venture in the UAE [Getty]](/sites/default/files/styles/image_156x88/public/2021-05/GettyImages-1232702868.jpg?h=098dea43&itok=MF4JgkJn)
