Egypt's financial regulator emphasizes the IPO program's importance for enhancing private sector involvement and economic growth.
The $700 million will be used to implement a series of reforms, including strengthening the governance of state-owned enterprises
Egypt’s government reshuffle aims to drive innovation, attract investment, and ensure long-term growth.
Egypt's iron and steel production sees a slight dip in 2023, while exports tripled, marking significant shifts in the country's steel industry.
Conversely, the bank has downgraded its forecast for Egypt's economic growth for the current year to 2.8%, down from the earlier projection of 3.5%.
