OECD intends to raise Egypt’s rating as an investment-friendly destination

OECD to declare Egypt an investment-friendly destination: The Organization for Economic Cooperation and Development (OECD) is intending to raise Egypt’s rating from yellow to green, marking it as an investment-friendly destination, the Investment and International Cooperation Ministry said in a statement. The statement does not provide further details on whether the upgrade is contingent on any action from Egypt. Minister Sahar Nasr met last week with OECD Secretary General José Ángel Gurría Treviño, who said the organization was interested in supporting Egypt as it chases more European investment.