Weekly MENA Newsletter will be delivered to your email in PDF format every Friday (52 Issues per Year).
Last weekend’s high-profile investment conference declared Egypt ‘open for business.’ Firms and governments responded with a host of deals and pledges.
Inaugurating the conference, President ‘Abd al-Fattah al-Sisi reiterated his commitment to a market economy led by the private sector, and pledged to make Egypt more business friendly. He said that his government’s key economic aims are to restore macro-economic stability, reduce the budget deficit, cut inflation and put in place a fair taxation system. Cairo has already reduced costly energy subsidies: their share of spending is set to fall to around $14bn for the current financial year to June 2015 from $18bn the previous year.
DON'T HAVE AN ACCOUNT?
NEED TO UPGRADE YOUR CURRENT SUBSCRIPTION?
By upgrading your Print or Digital subscription you will gain access to the MEES Archives Database with past articles and data dating back from 1984.UPGRADE