OECD raises Egypt’s rating as investment-friendly destination: The Organization for Economic Co-operation and Development raised Egypt’s rating on the country risk index to five from six to become an investment-friendly destination, according to an Investment Ministry statement. The upgrade, which we were promisedlast month, will help attract investment, the ministry said.
More from Enterprise
How correspondent banking works, and what the FinCEN clampdown on Banque Misr UAE means for business
As FinCEN proposes cutting Banque Misr’s UAE branches from USD…
Banks threaten to look beyond London as windfall tax talk grows
International lenders say more tax could tip the balance as…
EFG has three more IPOs lined up before year-end, including one hefty offering
Group CEO Karim Awad credits the central bank’s decision to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…