What does Cabinet want foreign investors to know? Look no further than the cabinet-sanctioned readout (pdf) from EFG Hermes’ Egypt Conference, which provides person-by-person account of key messages from President Abdel Fattah El Sisi, Finance Minister Amr El Garhy, Trade and Industry Minister Tarek Kabil and Investment Minister Dalia Khorshid and CBE Governor Tarek Amer. Their audience: 27 foreign fund managers from the US, UK, France, Germany, South Africa and the GCC with AUM of c. USD 3.5 tn. A statement released by the Central Bank in connection with the meeting is the backbone of a Reuters piece citing CBE Governor Tarek Amer as saying that foreign investors will be able to repatriate profits “in the coming period” as foreign currency reserves are recovering.
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