Arab Finance: Egypt is seeking to increase its US dollar revenues by nearly $70 billion over the upcoming three years, Prime Minister Mostafa Madbouly announced in a press conference on July 11^th.

This will enable the country’s total revenues from hard currency to roughly reach $191 billion by 2026, Madbouly pointed out.

Furthermore, he said that the government targets increasing USD receipts from the Suez Canal and the remittances from Egyptian abroad by about 10% annually, and increasing the revenues of the tourism sector and exports by about 20%.

The government also aims to boost USD revenues from foreign direct investments (FDI) by around 10% annually throughout the upcoming three years, he added.

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