March 20, 2019

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  • Euromoney debates restarting investment in Egypt

    BY LEYLA DOSS Cairo A mixed rhetoric about the present and future of Egypt’s economy dominated  the two-day Euromoney Conference launched in Cairo Tuesday, which focused on restarting Egypt’s economy. Prime Minister Hisham Qandil said that the government aims to create 700,000 new jobs in the next five years and to increase small and medium investment projects by 30 percent. “We have also attempted to improve the political climate through better ties with African countries, like Sudan, South Africa, Algeria, as well as South East Asia, the Arab world, and the Muslim world. We want Egypt to be the Mecca…

    Stock market ups and downs

    BY AMIRA SALAH-AHMED Cairo: After spending the opening months of 2012 as one of the best performing markets in the region, Egypt’s stock market has reversed its upward trend, affected once again by an uncertain and consistently faltering political landscape. At the start of the year, the market seemed to be recovering from its sharp slide in the tumultuous year of 2011, as investors gained confidence that a solid transition process was in place that would lead up to an elected parliament, a new president and a fresh constitution. Once parliament was seated in late January — even as protesters…

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