Egypt
Egyptian banks are in a race to attract funds from local investors
Egypt is expecting 15 million tourists by the end of the year
Services and construction to contribute to growth
Egypt's GDP projected at 4.2 percent for FY 2023/2024
Dollar-deposit certificates offered at 9 percent returns
47th position ranks in top 100 largest sovereign funds by total assets
Costly development ambitions face multiple challenges
Innovation is a driving force for growth
Could reforms curb the effects of inflation?
Sovereign wealth fund tightens reins, drives economic stability
Overall, the region is experiencing a “funding winter”
CIB's total assets reached EGP 635.83 bn in 2022
Reserves rose to $34.806 billion at the end of June
Egypt’s petrochemical exports jumped 23 percent in 2022
A new program offers visitors five-year, multiple-entry visas
Trajectory of base rates of interest depends on expected inflation numbers
Residential, mixed-use sectors, recorded 522 projects worth $310 bn
Questions about the fate of the agreement with the Fund
Annual core inflation surged to 40.3% in May
Storage capacity to increase by 420,000 tons
Fixing interest rates came in line with analyst expectations
