Today’s Top News & Analysis
The Egyptian government is targeting to attract FDIs worth USD10bn during FY23 and is reportedly looking for non-oil exports to reach USD35bn during FY23. (Egyptian Cabinet, Enterprise)
Net foreign direct investments have grown by 183% in Q1 2022 to USD4.1bn compared to USD1.4bn last year. (Economy plus)
The International Monetary Fund (IMF) expects Egypt to achieve the fourth highest growth rate among the most important global economies by 2023. (Arab finance)
Egypt's agricultural exports have increased to USD2.5bn (+11.4% y/y) during the period between September 2021 and June 2022. (Mubasher)
The Financial Regulatory Authority (FRA) is studying the possibility of increasing the minimum free float requirement for EGX-listed companies to be 10% of their total shares, up from a current 5%. (Enterprise)