Bassant Fahmy | Al Bawaba

Bassant Fahmy latest

The interim government’s stimulus plan, which was said to span between six to nine months starting from late August 2013, amounts to EGP 29.6bn and aimed at generating 3% economic growth over the fiscal year 2013/2014.

May 12th, 2014 - 02:55 GMT

Ready to be stimulated: Egypt's first stimulus package projects 'almost done'

The minister pointed out that by the end of April 60% of the first stimulus package projects, which started in November, was completed.

This exceptional auction will help in depreciating the value of US dollar against the Egyptian pound, Fahmy added.

January 27th, 2014 - 04:42 GMT

Desperate times, desperate measures: Egypt's Central Bank holds exceptional $1.5billion auction to support banks

According to Fahmy, the government had to turn to cash in the banks as the country was in a critical situation and the banking sector could help.

December 29th, 2013 - 07:54 GMT

Banking on Egypt's future: why banks loans to the government are a secure investment