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Investment bank sees higher GDP growth after ‘positive change’

Egyptian asset management, corporate finance and investment banking firm, Cairo Financial Holding (CHF), has raised its growth forecasts for Egypt’s GDP. The firm said that in the current fiscal year, GDP will be 3.7%, up from its 2.8% predictions in June 2014, as it noted increased foreign direct investment (FDI) and government measures towards bolstering …

Daily News Egypt

Egypt and its FDI prospects

By Omar El-Shenety No doubt that Egypt has witnessed very rough years since the 25 January Revolution. The economy has been brought to its knees, and now faces stagnation. Growth has stopped at 2% since the revolution, and the government budget deficit scored record levels. Tourism and Foreign Direct Investment (FDI), key sources for foreign …

Daily News Egypt