Economy interviews

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...

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...

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...

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...

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,...

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...

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...

Q&A with Ahmed Galal: The tough yet bright road ahead for Egypt's economy

19 Feb 2011
The 25 January revolution is set to bring about a broad shift in Egypt's administration, away from the Mubarak regime whose policies kept the country in the realm of lagging, underdeveloped nations. One of the most important elements...

Q&A with the head of the Consumer Protection Agency

08 Nov 2010
In the following Interview, head of the Consumer Protection Agency Saeed al-Alfi discusses a Ministry of Industry and Trade decision to impose stricter punishments on false advertisement violators. The amendments introduced--expected to be...

Egypt ranked 81 on Global Competitiveness Index

21 Sep 2010
Egypt moves down 11 places from a year ago to 81st place on the 2010 Global Competitiveness Index (GCI), which ranked 133 countries. The Global Competitiveness Report 2010-2011 published Tuesday indicated that Egypt has not achieved any...