Monthly Archives: February 2012

  February 14,2012 CAIRO – Grappling with a deep funding crisis and a large budget deficit, Egypt is preparing to issue its first sukuk (Islamic bonds), seizing on the booming Islamic finance industry. http://www.onislam.net/english/news/africa/455802-egypt-turns-to-sukuk-to-save-economy.html

February 13,2012 Egypt will offer $2.5 billion in dollar debt in the next two weeks and look for $10 billion from land sales over three years to reduce record local borrowing costs and replenish dwindling foreign reserves. http://www.businessweek.com/news/2012-02-13/egypt-dollar-offerings-grow-on-record-local-borrowing-costs.html

  February 13,2012 A full year has passed since the extraordinary events in Cairo’s Tahrir Square brought down the three-decade-old regime of Hosni Mubarak, and raised expectations about living standards for millions of Egyptians. http://www.thenational.ae/thenationalconversation/comment/egypts-economy-is-crippled-by-unrest-but-gcc-states-could-offer-vital-help

February 13,2012 Egypt’s new Parliament is taking seat amid ongoing protests on the streets, deteriorating relations with the United States over an impending trial of NGO workers, and threats that the United States might review $1.3 billion in Egyptian military … Continue reading →

  February 13,2012 Standard and Poor’s (S&P) downgraded on Friday the long-term rating on Egypt from B+ to B due to sharp decline of foreign exchange reserves and political uncertainties. http://english.vietnamnet.vn/en/world-news/18743/s-p-downgrades-egypt-s-credit-ratings.html

February 13,2012  Chinese companies in Egypt are confident in the economy and investment futurein Egypt, saying its political reshuffle might offer a chance for foreign investment. http://www.chinadaily.com.cn/china/2012-02/13/content_14590175.htm