Egypt to showcase economic reform experience in WEF 2019: Moeit

Mohamed Samir
2 Min Read

Davos – Egypt’s Ministry of Finance was invited to the World Economic Forum’s annual meeting in Davos to showcase the country’s economic reform programme, current economic situation, and future plans, the Minister of Finance, Mohamed Moeit, told Daily News Egypt on Tuesday.

“We will hold a meeting with investors and official counterparts from other countries. Egypt has a large delegation in this year’s meeting, headed by the Prime Minister Moustafa Madbouli, and includes the Ministers of Industry and Trade, Tourism, and Investment,” he said.

The delegation’s main purpose is to present Egypt’s investment opportunities in the local market, and to boost foreign direct investment (FDI) in the country.

In regard to Egypt’s international bond offering, Moeit affirmed that there will be a new bond issuance in the first quarter (Q1) of 2019, however, he didn’t reveal the date of issuing the expected Chinese renminbi-denominated Panda and Japanese yen-denominated Samurai bonds on the Asian markets, noting that the issuance is still under consideration.

On the other hand, Moeit said that his ministry is studying proposals for the Capital Gains Tax law, to find the best way to implement it, without harming the capital market, but he didn’t disclose the date of implementation.

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Mohamed Samir Khedr is an economic and political journalist, analyst, and editor specializing in geopolitical conflicts in the Middle East, Africa, and the Eastern Mediterranean. For the past decade, he has covered Egypt's and the MENA region's financial, business, and geopolitical updates. Currently, he is the Executive Editor of the Daily News Egypt, where he leads a team of journalists in producing high-quality, in-depth reporting and analysis on the region's most pressing issues. His work has been featured in leading international publications. Samir is a highly respected expert on the Middle East and Africa, and his insights are regularly sought by policymakers, academics, and business leaders. He is a passionate advocate for independent journalism and a strong believer in the power of storytelling to inform and inspire. Twitter: https://twitter.com/Moh_S_Khedr LinkedIn: https://www.linkedin.com/in/mohamed-samir-khedr/
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