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Thursday, 2 August 2018

What we’re tracking this week and beyond

A delegation of 60 US companies will visit Egypt in October to explore potential investments across a variety of sectors, a Trade and Industry Ministry statement says, without naming the companies. The delegation’s visit was organized by our friends at the American Chambers of Commerce. A Japanese trade delegation is also due to visit the new capital and Suez Canal by the end 2018, Al Mal reports.

Foreign Minister Sameh Shoukry should be landing in Washington next week to meet with US Secretary of State Mike Pompeo over developments in the Middle East and US-Egypt relations.

The CBE will be hosting the 41st annual meeting of the Association of African Central Banks (AACB) at Sharm El Sheikh from 5 to 9 August.

Prime Minister Mostafa Madbouly has yet to select the board of directors for Egypt’s EGP 200 bn sovereign wealth fund.

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