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Egypt

Egypt Articles

Economy

We anticipate growth of at least 3.5% in 2005, rising to 4.4% in 2006, with risks weighted to the upside as a result of major tax cuts. Ongoing hydrocarbons explorations pose an upside... 2005-01-24


Economy

A presidential referendum is scheduled for H205, as are parliamentary elections. The ruling National Democratic Party (NDP) is set to retain its dominance, and we expect President... 2005-01-12


Economy

Following 4.4% growth in FY2003/04, we expect growth of 3.5% in FY04/05, picking up to 4.4% in FY05/06. This assumes that the negative impact of the Taba bombings on tourism is short-lived... 2004-12-07


Economy

> The Taba bombings pose a key downside risk to tourism revenues, and therefore to national income and the balance of payments. On the positive side, Egypt's tourism industry has... 2004-12-06


Economy

Security concerns pose some downside risk to economic activity, following the triple bombing in the Sinai in October. Although this will cause a dip in the key tourism sector in 2005,... 2004-11-25


Economy

The Taba bombings pose a key downside risk to tourism revenues, and therefore to national income and the balance of payments. On the positive side, Egypt's tourism industry has proved... 2004-11-12


Economy

We expect real growth of 3.9% this year, slipping to 3.7% in 2005, but note that the policy activism of Ahmed Nazif's cabinet poses considerable upside risk to the 2005 figure. The... 2004-10-08


Economy

The rate of growth continued to expand in Q2. BMI View: Though welcome, long-term stability will depend on the current rates moderating without resulting in inflationary pressures.... 2004-10-04


Economy

A coalition of opposition parties is calling for a constitutional amendment to limit the president to two terms in office and to curb his powers. The coalition also urges the government... 2004-10-04


Economy

We expect real growth of 3.9% this year, rising to 3.7% in 2004. New oil finds pose upside risks to growth, with the parastatal General Petroleum Company announcing a find in the... 2004-09-10

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