Egypt passed another hurdle in its efforts to entice foreign investment yesterday as the country's citizens cast their ballots for the upper house of parliament.
A successful election process is viewed as vital in helping to turn around the Arab world's second biggest economy.
"The elections have been weighing on investors' minds and signs of an acceleration of the process are certainly a positive," said Liz Martins, a economist for the Middle East and North Africa (Mena) at HSBC. "It will make a big difference for investors once a government is in place."
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