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.