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The letters of credit system will be cancelled within two months in coordination with the Central Bank of Egypt (CBE), prime minister Madbouli said, pointing out that the national strategy for the Egyptian industry will be launched within three months at a maximum
The letters of credit system will be cancelled within two months in coordination with the Central Bank of Egypt (CBE), prime minister Madbouli said, pointing out that the national strategy for the Egyptian industry will be launched within three months at a maximum.
Prime Minister referred to the Cabinet’s decision that the government bodies should not impose any fees without the Cabinet’s approval. He asserted the government’s commitment to competitive neutrality in accordance with international best practices.
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The government aims to maximize the return on state-owned assets through successful partnerships with the private sector in a large number of priority areas, he added.
