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Following the revolution, the Egyptian economy registered lower growth rates compared to the pre-revolution average, recording 1.8% in the fiscal year of 2011-2012. The rate rose minimally to 2.2% in 2012-2013.
Investors report that it can take several weeks for legitimate transfers to be executed
A report by Ernest & Young states Egypt receives about 10.5% of Africa’s foreign investment
Qatar, Turkey and Saudi Arabia prominent nations for giving Egypt financial aid, so far totalling $8.5bn
40% rate applied on goods including sunglasses, watches, nuts, boats and videogames
Sukuk to be used as source of funding for development projects, he said
The Central Bank of Egypt cited increased remittances from Egyptians working abroad this year as the main reason for the drop in the deficit
The global credit rating agency announced today that it expects a delay to the agreement between Egypt and the IMF to secure a $4.8bn loan due to extended parliamentary elections and an opposition boycott
‘World Finance’ awards Egypt ‘Best Water Project, Middle East & Africa’ award
The acceptance of Egypt’s pending IMF loan will have a positive effect on the economy and there will be an increase in tourism and FDI throughout the year, says EFG
Sukuk is expected to finance needed investments, says official
Then & Now: 11 February 2011/2013
Investors say Iraq has become safer for their money.
By David French / Reuters ABU DHABI: Egypt is unlikely to lure the foreign investment it hoped for this year as nervous overseas businesses spend small following political unrest there, the chairman of a state-run investment agency said on Wednesday. However, Osama Saleh, chairman of Egypt’s General Authority for Investment, said he expected investment flows into …
CAIRO: Foreign investment in Egypt plummeted over its summer to almost a quarter of its level a year earlier as investors, unnerved by the region’s political turmoil, fled, the central bank said on Tuesday. Foreign direct investment (FDI) fell to $440.1 million in July-September from $1.60 billion a year earlier, helping to create a $2.36 …