Egypt
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...
2005-01-24Economy
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...
2005-01-12Economy
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...
2004-12-07Economy
> 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...
2004-12-06Economy
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,...
2004-11-25Economy
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...
2004-11-12Economy
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...
2004-10-08Economy
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....
2004-10-04Economy
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...
2004-10-04Economy
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




