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Egypt to launch an investment company to channel remittances towards productive projects - Vimarsana News

Egypt to launch an investment company to channel remittances towards productive projects

Remittances from the Egyptian diaspora have become a major source of foreign exchange earnings in Egypt, ahead of exports, Suez Canal, and tourism

'Egyptian government has little intent to relax its control over the economy' - Vimarsana News

'Egyptian government has little intent to relax its control over the economy'

The Egyptian government has endorsed broad privatisation and fiscal austerity but popular backlashes are likely to slow down any major changes to the country's economic structure.