What can be done to stimulate foreign direct investment in Egypt’s upstream segment?
On July 10, 2014, President Abdel Fattah El Sisi signed the decree that approved Egypt's budget for the fiscal year 2014/15, reflecting his intention to reduce the national deficit from 14% to 10% of GDP. The president’s decision is a step in the right direction towards regaining stability. The government has set a total spending budget of LE790bn ($112.2bn), compared to...
How can banks be further incentivised to lend to small and medium-sized enterprises (SMEs)?
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