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Invest $250,000 and You, Too, Can Be an Egyptian

Women eat at a cafe on Talaat Harb square in Cairo.

Women eat at a cafe on Talaat Harb square in Cairo.

Photographer: Sima Diab/Bloomberg

Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast.

Egypt’s cabinet signed off on granting citizenship to foreigners who either buy property or invest in the country, making good on a promise floated last year as the Arab world’s most populous nation looked to bring in hard currency.