FX bureaus face strict capital requirements, tighter controls as CBE moves to curb black market
Regs to strike “significant blow” to the parallel market
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Regs to strike “significant blow” to the parallel market
Localize production imports and build solid international relationships to maximize exports
The decisions aim to speed up and facilitate the investment process
Arab League meets tomorrow
FT: Egypt’s FX crisis hinders private investment as firms wait for devaluation
Egypt accounted for 41% of all FDI in the Middle East and Africa in 2022
EBRD forecasts growth slowing to 4% for FY 2022-23
Food prices and the Turkish election also got attention
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