Dubai-based Al-Futtaim Group said it is eyeing investments in Egypt worth $700 million to $1 billion over the next three years, an Egyptian cabinet statement said on Thursday. Gulf Arab states are channelling up to $22 billion to Egypt to help it overcome a currency crisis, the third such rescue in a decade, as analysts watch for greater exchange rate flexibility to avert future crises. (Reporting by Momen Saeed Atallah; writing by Alaa Swilam; editing by Jason Neely)Reuters

Source: The North Africa Journal June 02, 2022 08:29 UTC