23 Hrs
Source:
المصري اليوم
Naguib Sawiris on Hot Money Outflow
Naguib Sawiris downplays the significance of hot money leaving Egypt, explaining that these flows are unreliable because they can escape quickly. He emphasizes that the most important thing is the continuation of long-term investment flows, which are still present and can be strengthened with simple measures. He also confirmed that the recent wave of selling in Egyptian debt instruments followed a period of positive inflows, with foreign and Arab investments recording a net purchase of about $420 million during the previous week. However, flows have noticeably declined in recent days.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)