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Vol 53 No 20

Published 5th October 2012


Egypt

Courting foreign business

The new government wants to win back the confidence of foreign investors but all it has to offer is warmed-up policies from Mubarak’s era

At the end of September, an Egyptian investment bank, the Beltone Financial, held a conference in Cairo for its international clients, heralding a ‘New Dawn’ for the Egyptian economy. This will be followed in mid-October by a similar gathering organised by Euromoney, whose 1997 ‘Tiger on the Nile’ conference set the tone for the periodic bouts of investor exuberance in the second half of ex-President Mohamed Hosni Mubarak’s reign. The new government, formed after the Muslim Brotherhood’s Mohamed Mursi won the presidential election in June, has endorsed these efforts to rekindle foreign investor interest.

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