The Outlook
Egypt’s new capital city

Egypt’s new capital city

Prime Minister, Sherif Ismail, announced on 23 September that state institutions will be headquartered in Egypt’s new capital city, to the east of Cairo, by the end of 2018. In what is, by Egyptian standards, an exceptionally ambitious programme to move...
Egypt see increase in foreign currency earnings

Egypt see increase in foreign currency earnings

Foreign currency earnings from Egyptian expatriates have continued to flow strongly and — unlike in the past when almost all of the remittance flows were undertaken through formal and informal foreign exchange companies — are now being undertaken through the banking...