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Investors welcome economic reforms in Egypt: CI Capital

CI Capital arranged one-on-one investor meetings for the Egyptian Finance Minister Amr El-Garhy in London on 26 April. Several meetings were held and attended by El-Garhy, alongside global fund managers who manage assets totalling $3.7tn. CI Capital stated that the positive outlook of investors on Egypt was strengthened by the economic reforms currently undertaken, illustrating the …

Daily News Egypt

Too early to predict US foreign investments policy: Nafea

In spite of the harmony between Egyptian President Abdel Fattah Al-Sisi and US president Donald Trump, economic experts believe that it’s hard to guarantee bilateral relations are going to improve and that Trump’s good personal relation with Al-Sisi doesn’t mean economic relations will improve. According to Trump’s statements, which voice his putting America first to …

Hisham Salah

Lure of investments unaffected by imprisonment of Press Syndicate head: expert

On Saturday, former vice president Mohamed ElBaradei took to social media, wondering how Egypt could still bring in investments when the government has ordered the imprisonment of the Press Syndicate’s president, labeling the incident as a scene in an absurd play. For the first time in Egypt’s history, a court verdict ordered the imprisonment of …

Hisham Salah

Central Bank of Egypt

33 banks offer investments worth EGP 278.85bn in CBE’s deposit operation

Thirty-three banks operating in the domestic market offered investments worth EGP 278.85bn of surplus liquidity in local currency via deposit operations, which was deposited by the Central Bank of Egypt (CBE) on Tuesday, according to data obtained by Daily News Egypt. The CBE performs this deposit operation every Tuesday, in order to absorb excess liquidity …

Hossam Mounir