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Ahmed M El-Wahsh

Prosperity amidst turmoil, Egypt sees some light

By Ahmed El-Wahsh With the inauguration of President Abdel Fattah Al-Sisi to the presidential palace, one of the key highlighted sectors that needed up turning and nutriment was Egypt’s economy. On 11 February, the International Monetary Fund (IMF) announced that it had started witnessing a “turnaround” to the Egyptian economy, eight months into Al-Sisi’s reign …

Daily News Egypt

Egypt has not requested financing, but we would consider request: IMF Mission Chief

By Abdelrahman Youssef Daily News Egypt sat down with the International Monetary Fund’s (IMF) Mission Chief in Egypt, Chris Jarvis, to discuss the Egyptian economy and IMF recommendations in that regard as well as how political stability influences economic growth. Will Egypt still need financial support in the future or are the IMF’s recommendations for economic reform …

Daily News Egypt

Investment bank sees higher GDP growth after ‘positive change’

Egyptian asset management, corporate finance and investment banking firm, Cairo Financial Holding (CHF), has raised its growth forecasts for Egypt’s GDP. The firm said that in the current fiscal year, GDP will be 3.7%, up from its 2.8% predictions in June 2014, as it noted increased foreign direct investment (FDI) and government measures towards bolstering …

Daily News Egypt

Egypt and its FDI prospects

By Omar El-Shenety No doubt that Egypt has witnessed very rough years since the 25 January Revolution. The economy has been brought to its knees, and now faces stagnation. Growth has stopped at 2% since the revolution, and the government budget deficit scored record levels. Tourism and Foreign Direct Investment (FDI), key sources for foreign …

Daily News Egypt

Food crisis in Cameroon

The country ranks 150 out of 186 countries on the 2013 UNDP’s Human Development Index, which measures countries based on income, life expectancy and education.

Daily News Egypt