Investors want the CBE to extend its tourism sector initiative

Investors are petitioning the Central Bank of Egypt to extend its tourism rescue initiative for investors and businesses operating in the sector for another two years to allow for the renovation of existing tourism facilities and the completion of those currently under construction, Al Shorouk reported. The CBE initiative, which allows investors and businesses in the tourism sector to restructure their debts, was extended for a year in December 2018.