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Egypt's economy shows signs of growth
The article indicates that the Egyptian economy is achieving positive indicators, with foreign exchange reserves rising to approximately $55 billion. Revenues from the Suez Canal and tourism have exceeded expectations, as Egypt hosted around 19 million tourists last year, a record high. Additionally, the cost of insuring sovereign debts has fallen to its lowest level in five years, reaching around 2.5%. Moreover, foreign assets in banks improved from a previous deficit of $29 billion to a surplus of nearly $29 billion, along with a decline in inflation and increased flexibility in exchange rates. This enhances market stability and encourages foreign investment.
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