On 3 June, the Central Bank of Egypt announced that the country’s foreign reserves reached $44.275 billion by the end of May, showing a positive trend of the Egyptian economic situation. The authorities did not give any further detail about the origin of the foreign reserves. In 2016 Egypt received a $12 billion loan from the International Monetary Fund aimed to control the inflation and revive the Egyptian economy. In this framework, president Al-Sisi started a plan of reforms in order to attract foreign investments. Egypt’s recent economic trend seemed to have taken off when on 28 May, the UK Secretary of State for international trade Liam Fox stated during his visit in Cairo: “now is a great time to be looking at the business opportunities with Egypt, a country projected to have one of the top 15 economies by 2050. As Egypt commits to carrying out its reform vision, the UK continues to support it in building a resilient, sustainable economy”, Fox declared during his visit.