U.S. Dollar Bills by Reuters-Rick Wilking
The sale is a part of the government's plan to bridge fiscal gap at $10-12 billion in FY2017/18.
GDP growth is moving faster than expected, NI Capital CEO said.
All investors are interested in the Arab region and in the Egyptian market, says Sameh El-Torgoman, chairman of Beltone Financial Holding.
The volume of finance offered by CI Capital for various industrial sectors are expected to reach around $2 billion in 2017.
The economic reform measures taken by the Egyptian government have contributed in boosting foreign direct investment by 25 percent since pound’s flotation, senior economist at CI Capital Hany Farahat said Monday.
Around 70 percent of the delegation will be fresh entries, UK Ambassador to Egypt John Casson said.
Every time we did not resolve the economic problems from the roots, but took them marginally," Farid said.
Euromoney Egypt kicks off its 22nd edition with a focus on SMEs, real estate and a positive outlook that Egypt is investible again.
Minister of Trade and Industry Tarek Kabil, Investment and International Cooperation Minister Sahar Nasr, Education Minister Tareq Shawky and German Ambassador to Cairo Julius Georg will inaugurate on Wednesday a national conference on Egyptian-German cooperation in technical education and vocational training fields.
CAPMAS said that Egypt's exports to the Nile basin countries reached LE 11,3 billion in 2016 compared to LE 8,2 billion in 2015, an increase of 37,1 percent.
Global debt may be under-reported by around $13 trillion because traditional accounting practices exclude foreign exchange derivatives used to hedge.
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