Omar Mohanna, Chairman of the Egyptian Center for Economic Studies, confirmed that the improvement of Egypt’s macroeconomic indicators is a good thing, but reliance should not be placed on hot money inflows. What is needed is foreign direct investment (FDI), emphasizing that attracting this investment requires improving the investment environment, the state’s withdrawal from the economy, allowing space for the private sector, and enhancing its competitiveness.

This came during his participation in a seminar held by the Egyptian Center for Economic Studies on Monday, an important seminar titled: “A Look at Financial Markets: Q3 of 2025”.

Dr. Abla Abdel Latif, Executive Director and Research Director at the center, stated that Egypt needs to push for real growth and tangible development on the ground, so that economic improvement reflects on job opportunities and living standards. She also clarified that the decline in the inflation rate to 12% does not mean the crisis is over, as prices remain high and constitute a direct burden on citizens.

She praised the noticeable improvement in customs procedures, considering it a positive model of reform that can be built upon in other areas, resulting from an important study conducted by the Egyptian Center for Economic Studies.

She warned of the danger of focusing on improving Egypt’s ranking in international reports such as the new World Bank report as an end in itself, stressing that the most important thing is to achieve real reforms on the ground, as actual progress will automatically reflect on this ranking.