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Egyptian pound hits record low against the dollar

of LE7.55 to the dollar," said Hani Genena, the head of research at Pharos Investment Bank. Genena ... to the dollar," said Hani Genena, the head of research at Pharos Investment Bank. ... by the fourth quarter of the current year 2013 we may see the Egyptian pound's upturn," Genena told ...

24/04/2013 - 09:44 - comment 0

Delusions of grandeur? Why economists are questioning the Egyptian government's ability to meet its self-imposed goals

2013/2014. In his statements over the weekend, Finance Minister Hany Kadry Dimian said ... the value of the deficit through restructuring measures to reform the economy was revealed,” said Hany Genena, head of research at Pharos Investment Bank. Genena explained that GDP growth was valued ...

09/07/2014 - 00:59 - comment 0

Egypt's currency should stabilize in 2012

was due to the flight of hot money," Hani Genena, chief economist at Pharos Holdings told Ahram ... billion or a maximum of $10 billion in 2012, which is controllable," said Genena ... would not have difficulties in financing the deficit. Genena's positive expectation that the pound ...

01/04/2012 - 13:30 - comment 0

IMF cuts Egypt's growth forecast

to population growth], which means the Egyptian economy is in a state of stagnation," Hany Genena, chief ... in 2013," Genena explained. "Securing the loan would unlock investments, as many investors are waiting ... but it's a bridge the Egyptian economy must cross," Genena said. The IMF also highlighted the need ...

17/04/2013 - 04:01 - comment 0

Burgeoning FDI in Egypt is still risky

demand' which usually follows periods of decreased spending," Hany Genena, head of research ... the pre-uprising momentum, because there are still some serious risks that worry investors," Genena explained. ... Petroleum," Genena added . "This increase is not from fresh investment, but reinvested earnings ...

04/10/2012 - 12:49 - comment 0

Egypt: Recovery expected following Sinai bombings; No foreseeable change in current account Forecasts in FY05/06

resilience,” said Hany Genena, Senior Economist at EFG-Hermes.   In terms of macroeconomic ... events becomes clearer,” said Genena.  He added, “From a broader current account perspective, we believe ...

15/08/2010 - 10:13 - comment 0

GCC economies feeling the pinch of global financial turmoil, says GFH economic report

Al-Yousuf. Mr. Hany Genena, Senior Economist at GFH, said the average aggregate GCC crude oil production ... years,” said Mr. Genena. “We believe Qatar will outperform other GCC states in terms of structural ... export capacity during this year,” said Mr. Genena. Any prospect of GCC states opting out ...

16/05/2010 - 18:12 - comment 0

GCC economies feeling the pinch of global financial turmoil, says GFH economic report

said Dr Al-Yousuf.   Mr. Hany Genena, Senior Economist at GFH, said the average aggregate GCC ... years,” said Mr. Genena.   “We believe Qatar will outperform other GCC states in terms ... gas (LNG) export capacity during this year,” said Mr. Genena. Any prospect of GCC states opting ...

14/08/2010 - 19:30 - comment 0

New path for Kuwait economy as government adopts pro-cyclical policy for the first time since 1990

by USD6 per barrel from the historic average of USD15 per barrel.   Hany Genena, Senior Economist ... Authority, in selected companies and financial institutions in 2005,” Genena notes in the report.   ... credit growth so as to comply with the newly introduced 80% loan-to-deposit ratio.   Genena ...

15/08/2010 - 10:53 - comment 0

Egyptian stocks surprisingly resilient

draft constitution. Hani Genena, head of research at Cairo-based Pharos Investment, said ... and whether or not it's in line with the US," said Genena. "They're not particularly ...

05/12/2012 - 06:26 - comment 0