On the horizon
Trade Minister Tarek Kabil will angle for more Chinese investment when he heads next week to the 14-15 May Belt and Road Forum for International Cooperation in Beijing, Chinese state news agency Xinhua reports. “The Chinese investments in Egypt are less than USD 600 mn, which is very small given China’s weight as the world’s second largest economy and its focus on investment in Africa,” Xinhua quotes Kabil as saying in an exclusive interview.
Egyptian business, political delegation heading to Bahrain: A delegation of Egyptian business leaders will be accompanying the ministers of tourism, trade, industry, and housing on an official visit to Bahrain next week that will be mostly centered around strengthening economic ties, Ahram Gate reports. The delegation will meet with a number of Bahraini officials and attend an SME expo slated for 15-18 May.
The first expo highlighting Egyptian exports to Africa will be held in Nairobi, Kenya, also from 15-18 May.
The Central Bank of Egypt’s Monetary Policy Committee will hold a rare Sunday meeting on 21 May to discuss interest rates.
We’re watching out for the executive regulations to the Industrial Permits Act, which the Trade and Industry Minister is legally obliged to deliver within three months’ of the law’s issuance. President Abdel Fattah El Sisi signed off the law on Monday.