Egypt pitches new investment plan to US firms: What to know

Egyptian Prime Minister Mostafa Madbouly has reportedly instructed his government to prepare a package of investment opportunities for US companies as the North African country pushes for foreign funding after its worst economic downturn in a generation.

What happened: In a meeting with cabinet ministers on Monday, Madbouly outlined opportunities for foreign investors in Egypt, according to Egypt’s State Information Service. The official media arm of the presidency added that Madbouly…