Positive outlook for Egyptian economy
Euromoney Chief Richard Ensor expressed confidence in the future of the Egyptian economy and its investment and trade opportunities, stressing the local economy succeeded in concluding a tough period of pressures and regional tension.
Talking to the Egyptian news agency, MENA, Ensor stated that the issue of boosting Egyptian exports, particularly non-petroleum products, constituted the key challenge for Egypt. He emphasized that the Egyptian stock exchange boasts huge potentials for investment.
Backing Ensor’s positive assessments, Egypt's Premier AtIf UbaId declared last week that the local economic performance is now indicating positive signs, including a growth rate of about five percent and a drop of inflation rate to 2.5 percent.
Delivering a speech at the Arab Financial Forum sponsored by the Euromoney Institution, Ubaid added the government is eager on invigorating the private sector as well as the partnership between the business community and the government. — (Mena Report)
© 2001 Mena Report (www.menareport.com)