Economy interviews

WB expert lauds Egypt’s economic reforms

World Bank economist Sahar Nasr 
20 Oct 2014
A senior expert at the World Bank has said that the world organization is not concerned with the absence of an elected parliament in Egypt as long as the president has the authority to approve its programs in the country, according to an...
Yes

Supply minister unveils several projects underway

Supply Minister Khaled Hanafy
19 Oct 2014
Supply and Domestic Trade Minister Khaled Hanafy said that President Abdel Fattah al-Sisi approved a proposal that he submitted to finance several national projects recently declared by government. The proposal suggested partnership with...
Yes

Telecommunications Minister: Telecom Egypt mobile license in best interest of sector

16 Oct 2014
Fierce attacks have been made by the privately-owned mobile carriers against the state-owned Telecom Egypt, after beginning measures to receive Egypt's fourth mobile operator license, which they believe could lead to unfair competition...
Yes

Importing 1 mn tons of wheat enough to raise reserves: Food industries company chief

26 Jan 2014
Egyptian ports will receive 1 million tons of wheat until February, raising wheat reserves through April.   Hassan Kamel, head of the Food Industries Holding Company, said that there are currently 2.4 million tons of wheat in reserve...
Yes

On first Egypt visit, IFC head says investors await clarity, commitment from government

18 Mar 2013
On his first visit to the Middle East in his new capacity as the CEO of the International Finance Corporation, Jin-Yong Cai reiterated what has been repeated for months — investors are still seeking clarity and certainty before...
Yes

Brotherhood businessman urges business to play role in development

Businessmen pose at the launching event of Ebda, the Egyptian Business Development Association.
15 Apr 2012
One month after the regime of former President Hosni Mubarak fell, in March 2011, Hassan Malek was released from jail. He had spent four years and three months in prison, alongside 39 others, including Muslim Brotherhood leader and, until...
Yes

US expert: Leadership of 'Military Inc.' is running Egypt

26 Oct 2011
The Egyptian military’s economic interests have long been considered too taboo to discuss in the mainstream media, so little is known about the sections of the economy that fall under the military’s control. But now that a...
Yes

Egypt’s Finance Minister does not rule out return to IMF

19 Jul 2011
Egypt's finance minister-designate told Reuters on Tuesday that the government was committed to a market economy and to creating an environment in which investors could predict the future "reasonably well". Hazem el-Beblawi,...
Yes

Irrigation minister: Allocation of LE450 million to solve summer planting problems

10 Jun 2011
Minister of Water Resources and Irrigation Hussein al-Atfy announced the allocation of LE200 million to improve drainage networks and LE250 million for the construction of new pumping stations, digging wells and the establishment of canal...
Yes

Q&A with Dave Robinson: FDI expert says Egypt has great potential

10 May 2011
There are numerous problems facing Egypt’s economy these days: high rates of unemployment and inflation, a growing national debt and shrinking tourism revenues. One of the biggest, though, is the threat of fleeing foreign investment...
Yes