Three alternatives to compensate for decline in Suez Canal revenues ...Egypt

EGYPT INDEPENDENT - Economy
Three alternatives to compensate for decline in Suez Canal revenues
source : EGYPT INDEPENDENT ( Egypt ) () 54
The Chairman of the Board of Directors of the Commercial International Bank, Hesham Ezz al-Arab, said on Sunday that the that the negative impact on navigation in the Suez Canal is impacting global supply chains. He explained that Egypt can compensate for the decline in Suez Canal revenues by: Increasing tourism rates Obtaining a loan from the International Monetary Fund Improving remittances from Egyptians abroad Speaking in statements to the CNBC in Arabic channel, Ezz Al-Arab explained that the Central Bank of Egypt is trying to maintain a positive interest rate, noting that “we are heading towards clear declines in inflation rates.” He also stated that the speed of adjusting energy and

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