Egypt's Economic Outlook Remains Resilient Amid Global Headwinds, Says Standard Chartered
Strong foreign exchange inflows from portfolio investments and official sectors are bolstering confidence in the Egyptian pound (EGP). Significant investment pledges from Qatar and Kuwait, totaling USD 12.5 billion, are expected to be at least 50% disbursed by year-end. Despite the Central Bank of Egypt's (CBE) easing cycle, the carry trade continues to attract interest, further supported by the successful testing of FX convertibility.
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