Foreign Buying Persists Despite Tax and Classification Uncertainty

Cairo — Overseas investors continued to accumulate Egyptian equities on Wednesday despite ongoing debate over proposed tax reforms and the review of Egypt’s market classification by S&P Dow Jones Indices, suggesting market participants remain broadly constructive on the country’s medium-term investment outlook. The resilience comes as Egypt’s macroeconomic backdrop shows signs of improvement, supported by strengthening […] The post Foreign Buying Persists Despite Tax and Classification Uncertainty appeared first on The Middle East Observer.