Business Emerging Markets

What growth for Egypt?

Planning minister al-Araby claimed that the economy will grow by 3.8% in 2013, while Finance minister Al-Mursi al Sayed Hegazy presented in parliament measures geared towards saving more than $5 billion as part of their annual budget prospects. Ministers are presenting prospects of their ministries for the 2013-2014 budget to the upper house of parliament […]

Business Finance

Egypt sovereign sukuk needs religious consensus

A U-turn has been done by the government after criticisms by Islamic religious leaders concerning a draft law which will permit the government to issue sukuk. Making the announcement, the finance minister Al-Mursi Al-Sayed Hegazy said the revision of the draft law will be done after meeting with top officials of Egypt’s prestigious Al-Azhar university […]