International lending is threatened with the fate of Gulf aid, which failed to heal Egypt’s economy
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No additional information on timing or participating countries yet, say Ministry of Planning, Saudi Embassy in Egypt
World Bank economists say gains from the government’s two economic stimulus packages will be small, short lived
Ministers of Investment, Industry and Foreign Trade, Housing, International Cooperation and Manpower will attend the inauguration ceremony
Galal discloses that the CBE has held onto a $9bn deposit since the 1990s, which the government will use to finance its two stimulus packages
El-Beblawi said that economic progress cannot be achieved unless security, political stability and futuristic economic vision prevailed.
Al-Sabah asserts that the Kuwait Investment Authority will form partnerships with Egyptian organisations
Plan aimed at raising levels of bilateral trade between both countries
Gleeds Construction Consultancy Egypt’s quarterly report highlights impact of recent political upheaval on economic sectors.
Galal discussed with UAE Secretary of State cooperation in the fields of energy, health insurance and public debt management
$200m drop between August and September
CBE set to hold an exceptional dollar auction of $1.3bn on Wednesday for banks in attempt to cover clien’’s outstanding import needs
The current foreign reserves, necessary to import staples, primarily wheat, registered $14.9bn this June compared to $16.04bn in May.
The campaign is supported by Egyptian and Emirati Red Crescent societies and will develop Egypt’s infrastructure
El-Beblawi also expressed his concerns over the country’s fuel supply situation.
An Egyptian delegation from the Ministry of Petroleum and Mineral Resources presented to an Emirati delegation that visited Egypt earlier this month a list of requests, set to include fuel products worth $500mn.
Sherif Sami, a member of the General Authority of Investments, stated that competition between gulf countries, in terms of regional influence and international investments, is always present.
Meanwhile, former finance minister Momtaz El Saeed said that a conversion is unlikely to yield any positive outcome if it is not allocated towards national projects.