The Pyramid reported on February 3rd. Egypt's Minister of Investment and Foreign Trade, Hassan Khatib, said during a meeting with a delegation from Moody's Credit Rating Agency that the various reform measures implemented by the government have enhanced the macroeconomy's ability to cope with inflation and external shocks. Tax revenue increased by 35% year-on-year, reaching a new high since 2005. The customs clearance time was shortened from about 16 days to about 5 days. Ports now operate seven days a week, and a large number of non-tariff barriers have been removed. The government has also shortened the investment approval cycle from 24 months to within 90 days through a unified digital platform, and promoted the development of key areas such as energy, infrastructure, data centers, modern industry and tourism by relying on investment maps.
