Sisi initiative to bump EGP 200bn in CBE very important

Economist and analyst Hisham Ibrahim described Abdel Fattah El Sisi's initiative to deposit EGP 200bln in the Central Bank of Egypt to support small and medium-sized enterprises as a very important.

In an interview with Al Ghad Al Arabi TV channel, Ibrahim asserted the importance of a clear economic strategy for the government.

He also highlighted the importance of the presence of an entity that would be responsible for implementing such a strategy.

The government's follow-up will yield positive outcomes, Ibrahim noted, underlining the importance of establishing a think-tank to study new ideas, offered by young men, and put them into action.