Egypt banking system can handle EEDC projects

Chief Executive Officer of Banque du Caire (Cairo Bank) Munir Al Zahed said the Egyptian economy is relatively stable, adding that the banking system is capable of handling the projects being presented at the Egypt Economic Development Conference (EEDC).
The Egyptian economy could sustain itself and reach new levels of development, he told MENA on Saturday.
He underscored the importance of the recent USD12.5 billion financial aid provided by the Gulf States of Saudi Arabia, United Arab Emirates, Oman and Kuwait.
Zahed noted that the recent legislative and economic reforms will reflect positively on the domestic economic climate and boost foreign direct investments.
Source: MENA