Cairo – Mubasher: Investment funds are looking forward to returning back in Egypt, CEO of Renaissance Capital MENA Ahmed Badr said in an interview with Bloomberg TV.
Economic reforms strengthen the Egyptian market toward further gains, in line with the upcoming initial public offerings (IPOs) on the Egyptian Exchange (EGX), Badr added.
Oil prices will not highly impact Egypt as the economic reforms implemented by the North African nation could face any increase in oil prices, he highlighted.
The CEO expressed his optimism about the local currency of the Arab world's most populous country in 2018.
In October 2017, Badr said that cutting subsidies and prices of essential goods would affect the Central Bank of Egypt’s (CBE) targeted interest rates.
