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Mostafa Madbouly

Letters of Credit system to be abolished within coming 2 months | PM

The L/C policy, which required importers to issue letters of credit to access foreign currency, was implemented after Egypt saw around $25 billion in outflows exit the country in under one month

Egypt to attract $40B in investments by 2026 through State Ownership Policy Document

The Egyptian state is eager to create a clear document to regulate its relationship with the private sector and guarantee competitive neutrality, explained the PM

Egypt prioritizes combating inflation over exchange rates, devaluation not an indicator of economic health | PM

Egypt has passed five economic crises that can bring any country down and achieved economic growth of 9% during the first half of 2021/2022, the PM stated

Egyptian Economic Conference kicks off, “results will represent pillars of reform” El-Sisi

Regarding the recent decline of the EGP, the PM stated that the exchange rate is not related to the strength of the economy

President directs CBE and gov’t to establish initiatives to attract foreign investments

Egypt’s net foreign assets fell by EGP 18.06 billion ($925 million) in August, revealed newly released CBE data